Trump: Past presidents also held assets such as oil—crypto is similar to traditional assets.

When asked by reporters about allegations of conflicts of interest involving himself and his family businesses—including cryptocurrency ventures—U.S. President Trump responded: “Every president has their own issues.” Addressing the criticism that “no previous U.S. president has owned a cryptocurrency company,” he noted that past presidents have similarly held assets in critical sectors such as oil, and stressed that cryptocurrencies are, at their core, no different from traditional business assets. He also made it clear that he cannot—and will not—require his sons to shut down their independently run businesses during his four-year presidential term.