Trump Advocates Minimal AI Regulation, Defends Cryptocurrency Earnings

by AJP Posted : July 3, 2026, 10:12Updated : July 3, 2026, 10:12
President Donald Trump
President Donald Trump [Photo=AP·Yonhap News]
Donald Trump, the President of the United States, has expressed his intention to minimize regulations on artificial intelligence (AI) companies. This stance aims to support the growth of American firms competing with China in the AI sector.

In an interview with CNBC at the White House on July 2, Trump stated regarding AI regulation, "Some guardrails are necessary, but I want to keep them to a minimum." He added that if a bad actor poses a risk, action should be taken swiftly and effectively, though he did not specify who those actors might be.

A recent clash between the U.S. government and AI company Anthropic has also emerged as a significant issue. On June 12, the U.S. Department of Commerce restricted foreign access to Anthropic's top AI models, 'Mythos5' and 'Fable5,' citing national security concerns. Anthropic halted access to these models for all customers, claiming that verifying nationality was challenging, but the restrictions were lifted after 18 days.

Bloomberg reported that this action shocked Silicon Valley, as it marked a departure from the Trump administration's trend of deregulation by targeting AI models for export controls. The swift reversal of the measure suggested that the White House was concerned about undermining the competitiveness of the AI industry.

Separately, the Financial Times reported that OpenAI is discussing a plan to transfer more than 5% of its equity to the Trump administration. When asked about this, Trump avoided a direct answer but referenced last year's acquisition of a 10% stake in Intel by the U.S. government, emphasizing that it provided significant benefits to American taxpayers.

In the same interview, Trump defended his family's business dealings and the controversy surrounding cryptocurrency earnings. According to recently released annual financial disclosure documents for 2025, Trump earned over $580 million from cryptocurrency-related ventures in his first year back in the White House. This figure includes approximately $515 million from the sale of World Liberty Financial (WLF) tokens linked to the Trump family and $65 million from the sale of shares in the WLF holding company.

Trump asserted that there was "nothing illegal or wrong" about these business activities. He also noted, "The influence of the presidency is so great that almost everything my children do can appear to be a conflict of interest. I tell them to stay away, but they have lives too."



* This article has been translated by AI.