United States President Donald Trump in a recent comment has stated that cryptocurrency is “a big deal”, noting that the growing everyday use of Bitcoin is taking pressure off the U.S. dollar, describing the trend as beneficial for the country.
In an exclusive interview with Punchbowl News published Friday, Trump told a reporter that he sees more people paying with Bitcoin and noted that they don’t even know about cash anymore.
He said,
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“Crypto is a big deal. I see it more and more where people are paying with Bitcoin and they don’t even know about cash anymore. That takes a lot of pressure off our dollar. It’s a good thing for our country.”
The United States has emerged as the global leader in institutional cryptocurrency adoption, driven by a combination of regulatory progress, deep capital markets, and growing participation from major financial institutions.
Recent data shows that crypto adoption in the country continues to accelerate. More than 67 million Americans now own cryptocurrency, equivalent to about one in four U.S. adults.
This marks an increase of 12 million new crypto holders compared with 2025, according to the National Cryptocurrency Association’s 2026 State of Crypto Holders Report.
Another 2026 consumer survey estimates that 30% of American adults around 70.4 million people own cryptocurrency, up from 27% in 2024.
Trump framed U.S. leadership in crypto as a strategic priority, warning against allowing China to dominate the sector. “We don’t want to see China take over crypto,” he said, linking the issue to broader competition that also includes artificial intelligence.
He argued that the United States cannot afford to fall behind in these technologies. The comments came as Congress continues work on major crypto legislation known as the CLARITY Act.
Senate Banking Committee Chairman Tim Scott has pushed for progress on the CLARITY Act before the August recess, underscoring the legislative backdrop to the president’s comments.
However, a recent report announced that the U.S. Senate has postponed a procedural vote on the CLARITY Act, until after its August recess, Senate Majority Leader John Thune confirmed late Thursday.
The decision ends hopes of advancing the long-sought crypto market structure bill before lawmakers leave Washington and shifts the next opportunity to September.
Advancing the bill requires 60 votes to overcome a potential filibuster. With Republicans holding approximately 53 seats, at least seven Democratic votes are needed. Negotiations stalled primarily over the ethics provisions and related concerns about consumer protections, illicit finance rules, conflicts of interest, and market integrity.
The postponement leaves the cryptocurrency industry waiting longer for regulatory certainty that supporters say is essential for innovation, institutional adoption, and U.S. competitiveness.
Hours after confirmation that the U.S. Senate would not vote on the CLARITY Act before its August recess, Strategy CEO Michael Saylor stated that “Bitcoin doesn’t need CLARITY. America needs clarity.”
Just days earlier, he and his company had publicly endorsed the CLARITY Act. He framed the legislation as helpful for U.S. capital markets, institutional adoption, consumer protections, and the right of individuals to own digital assets.
Outlook
The trajectory of cryptocurrency adoption in the United States is expected to remain positive regardless of the temporary delay to the CLARITY Act.
Industry analysts believe institutional demand, growing consumer participation, and continued engagement from major asset managers and publicly traded companies will continue to support the market.
While the Senate’s decision to postpone consideration of the CLARITY Act until September delays the arrival of a comprehensive market structure framework, many industry leaders argue that regulatory clarity is increasingly being shaped through existing agency actions and ongoing policy initiatives.
A successful passage of the legislation later this year could provide clearer rules for digital asset issuers, exchanges, and investors, potentially accelerating institutional participation and reinforcing the United States’ position as the global leader in the cryptocurrency industry.