Crypto
Trump Backs Bitcoin Again as Stablecoin Growth and Ethereum Fuel Bullish Crypto Outlook
President Donald Trump reiterated his support for Bitcoin and crypto during a recent speech, stating the U.S.
Key takeaways
- Trump called himself a 'big fan of crypto' and said the U.S. needs to stay ahead of China in the sector.
- Trump criticized the previous administration for trying to hurt the crypto industry through investigations and enforcement.
- Trump suggested his pro-crypto stance helped him win support from the crypto community.
- Stablecoin transaction volume reached a record $1.79 trillion in June 2026.
- Ethereum could eventually power trillions of dollars in tokenized assets and financial products.
President Donald Trump reiterated his support for Bitcoin and crypto during a recent speech, stating the U.S. must lead in the sector to avoid ceding ground to China. He criticized the previous administration's regulatory approach, calling it harmful to the industry, and suggested his pro-crypto stance helped him gain community support. Trump also hinted at future crypto integration in his Trump Accounts savings program. Separately, an analyst highlighted record stablecoin transaction volume of $1.79 trillion in June 2026, with Ethereum, Tron, and Solana hosting most of the supply. Vivek Raman expressed confidence in Ethereum's long-term potential, predicting it could power trillions in tokenized assets and targeting a $250,000 ETH price. The analyst suggested these factors indicate the next crypto bull market phase may be approaching.
In their words
“I’m a big crypto guy only for one reason. If we don’t have it, China is going to have it.”
“I went very pro-crypto, as you know, Biden was totally against it. But he had no idea what crypto is. They were very violently against it. What they were doing to crypto was horrible. It’s amazing it survived that onslaught.”
By the numbers
- $1.79T
- Stablecoin transaction volume in June 2026
- $250k
- Vivek Raman's long-term Ethereum price target
- ETH $1,772.23
- Ethereum price on July 7, 2026
How it unfolded
- Stablecoin volume record $1.79T
- Zach Pandl tweets record volume
- Trump speech supporting crypto
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Common questions
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