May 30, 2025
By Our Correspondent
According to U.S. Vice President JD Vance, China’s hesitancy about bitcoin should push the United States to adopt the biggest cryptocurrency in the world and strengthen its strategic edge in the digital asset, Vance stated on Wednesday.
According to Vance, bitcoin will be a strategically significant asset for the US over the next ten years as the White House works to change crypto policy.
Vance praised President Donald Trump’s executive order in March that established a strategic bitcoin reserve using government-owned tokens while speaking at the Bitcoin Conference in Las Vegas.
“Bitcoin is disliked in the People’s Republic of China. We ought to ask ourselves, though, why that is the case. Perhaps the United States should be leaning into bitcoin if the Communist Republic of China is moving away from it, he said, adding, “Why is our biggest adversary such an opponent of bitcoin?”
During his campaign, President Donald Trump courted money from the cryptocurrency industry by promising to be a “crypto president.” As a result, digital assets have experienced a return.
Trump directed the formation of a working group on cryptocurrencies to suggest restrictions for digital assets during his first week in office. He invited a delegation of cryptocurrency businessmen to the White House in March.
Legislation to provide a legislative framework for stablecoins—a category of cryptocurrency based on the US dollar—is being considered by Congress. In the previous year’s elections, the cryptocurrency sector spent over $119 million supporting pro-crypto congressional candidates and persuaded lawmakers to approve legislation establishing new regulations for digital assets.
