Trump: "Virtual assets play a role in easing pressure on the U.S. dollar"

JH Kim

Summary

President Trump said virtual assets are easing pressure on the U.S. dollar in global financial markets.
He emphasized that the U.S. economy can take advantage of this and that the United States should lead innovation.
It reported that the administration has recently been pursuing development of the virtual asset industry and regulatory easing in parallel.

U.S. President Donald Trump said that virtual assets (cryptocurrency) are playing a role in easing pressure on the dollar in global financial markets.

On the 5th (local time), according to economic breaking-news channel Walter Bloomberg (Walter Bloomberg), President Trump said, "Virtual assets are reducing the demand burden on the dollar within the global liquidity structure," and "the U.S. economy can take advantage of this."

He added, "The digital asset ecosystem will be a tool that can enhance the efficiency of international payments and trade in the future," and emphasized, "The United States should lead this rather than stifle innovation."

Trump's remarks came as the administration has been pursuing the development of the virtual asset industry and regulatory easing in parallel. Earlier, Treasury Secretary Scott Bessent had remarked, "We are designing a new financial system in which digital assets and the dollar can coexist."