President Donald Trump said Bitcoin (BTC) transactions “take a lot of pressure off the dollar” and argued that US leadership in digital assets blocks China from dominating the sector.

He made the comments during a White House press conference on June 27, which was held after what he described as a major Supreme Court victory for his administration.

Trump called cryptocurrency “an industry” and said he became a “fan of crypto” several years ago. He noted that Bitcoin and other tokens fell less than equities during the most recent market decline and claimed the US has “created a very powerful industry” that now produces jobs and investment. 

He added that more merchants now accept Bitcoin for payments and repeated his…