President Donald Trump claimed Monday he saved crypto from the Joe Biden administration, even as a new investigation found 988,905 investors lost $3.81 billion on his own TRUMP (CRYPTO: TRUMP) meme coin.
Trump Says Biden ‘Weaponized Government’ Against Crypto
Speaking from the oval Office, Trump said the Biden administration had no understanding of crypto and used government power to destroy the industry, putting people in jail and launching investigations against what he called prestigious people in the space.
“It was a weaponization of government,” Trump said. “It’s amazing it survived that onslaught.”
He claimed that Biden only turned pro-crypto in his final months because he was losing badly in the polls and needed crypto’s roughly 100 million-strong voter base, at which point his administration dropped investigations and allowed people to leave jail.
