Vice President JD Vance Advocates for Bitcoin in U.S.-China Rivalry
At the Bitcoin 2025 Conference in Las Vegas, Vice President JD Vance emphasized the strategic importance of Bitcoin in the United States' rivalry with China. He highlighted China's ban on cryptocurrency trading and mining since 2021, suggesting that the U.S. should leverage Bitcoin as a comparative advantage in this geopolitical competition. Vance's remarks align with the Trump administration's pro-crypto stance, including the establishment of a strategic Bitcoin reserve composed of government-held tokens.
Vance also underscored the need for regulatory clarity to prevent the $3 trillion crypto industry from relocating abroad. He advocated for the passage of pro-crypto legislation, particularly concerning stablecoins, to foster innovation and maintain the U.S.'s leadership in digital assets. The Vice President praised the crypto community's political engagement, noting their significant contributions to the 2024 election and encouraging continued involvement to support favorable policies.
Despite these positive developments, Bitcoin's price experienced a slight decline, falling by 2.2% to $107,800 during the conference. Other cryptocurrencies such as XRP, Solana, and Ether also saw declines. Analysts suggest that while the conference highlighted strong political support for crypto, market participants may be awaiting further regulatory clarity and adoption before driving prices higher.
