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Trump backs crypto, highlights US leadership; stablecoin transactions hit $1.79T, Ethereum gains market interest.

Market News
07 Jul 2026
TheNewsCrypto
View Source
Bullish
Trump backs crypto, highlights US leadership; stablecoin transactions hit $1.79T, Ethereum gains market interest.

U.S. President Donald Trump expressed strong support for cryptocurrency, emphasizing the need for America to lead in digital assets to compete with China. He criticized previous regulatory approaches that hindered crypto industry growth. Meanwhile, stablecoin transactions reached a record $1.79 trillion in June, driven by major coins like USDT and USDC, with Ethereum, Tron, and Solana networks leading activity. Analysts foresee Ethereum hosting trillions in tokenized assets, reinforcing growing institutional and market interest in blockchain technology and digital finance.

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