Donald Trump, at last year's Bitcoin Conference, passionately supported cryptocurrency and promised to fire SEC chair Gary Gensler, aligning himself with crypto advocates. However, he did not pledge to replace traditional banking or fiat currency. A year later, Trump skipped the event but sent representatives, including Vice President JD Vance, whose statements conflicted, asserting Bitcoin as a digital asset rather than a currency. The GENIUS Act, promoting regulated stablecoins, has garnered support but leaves the future of crypto's role in the economy unclear amidst contrasting opinions from Trump's administration.
We will make America and Bitcoin bigger, better, stronger, richer, freer, and greater than ever before.
Vance emphasized that Bitcoin is part of the mainstream economy, calling it a digital asset—but not a currency.
He [Eric Trump] said that he'd like to see some major banks go extinct.
While Vice President JD Vance emphasized that stablecoins regulated by the administration's new proposal don't threaten the integrity of the U.S. dollar.
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