Vance: Cryptocurrency will become the economic core of the Trump administration

Odaily News At the Bitcoin 2025 conference in Las Vegas, Trump's deputy Vance took the stage to reiterate the centrality of cryptocurrency in the Trump administration's economic agenda. He criticized the Biden administration for "over-regulating" the crypto industry and promised to promote the industry by cutting red tape and expanding people's access to digital assets.
Vance also attended a high-end fundraiser this week hosted by Mega Inc. to raise money for a pro-Trump Super PAC, with tickets starting at $1 million. The exact amount raised was not disclosed.
At the same time, the U.S. Congress is accelerating the stablecoin and market structure bill. Representative Tom Emmer and Senator Bill Hagerty expressed confidence that the legislation will be passed before the August recess to lay a policy foundation for institutional entry. Bitcoin has risen 61% since Trump's speech last year, and the market continues to maintain high expectations for favorable regulation. (CNBC)