A quick history of Trump’s statements and policies on crypto
Donald Trump’s stance on cryptocurrency has shifted significantly over time. From 2019 to 2021, Trump expressed skepticism toward Bitcoin (BTC), calling it volatile and a threat to the US dollar, but by 2024, he reversed his stance, pledging support for crypto, proposing a US Strategic Bitcoin Reserve and criticizing the Biden administration’s anti-crypto policies.
Early skepticism (2019–2021)July 2019: While in office, Trump tweeted that he was “not a fan” of Bitcoin, calling it “not money” and criticizing its volatility. He also opposed Facebook’s Libra (Diem) project, arguing that tech companies shouldn’t issue currency without a banking charter.June 2021: After leaving office, Trump labeled Bitcoin a “scam” and a threat to the US dollar, advocating for strict regulation to prevent it from undermining the US financial system.Crypto policy during his presidency (2017–2020)
Trump’s administration generally