JD Vance tells bitcoin conference that stablecoins don't threaten the dollar

LAS VEGAS — Vice President JD Vance used his position on stage at the biggest bitcoin conference of the year to push the Trump administration's efforts on stablecoin legislation, touting its potential benefits to the U.S. economy. "In this administration, we do not think that stablecoins threaten the integrity of the U.S. dollar. Quite the opposite," Vance said, in his keynote at Bitcoin 2025 in Las Vegas on Wednesday. "We view them as a force multiplier of our economic might." Months after a successful campaign for the White House that was heavily funded by the crypto industry and less than a year after then-candidate Donald Trump spoke at Bitcoin 2024 in Nashville, Tennessee, Vance reiterated the message that the Trump-Vance administration is pursuing a decidedly pro-crypto agenda. Stablecoins, which are designed to have a stable value against a non-crypto asset, usually the U.S. dollar, are a big topic at the moment as Republicans attempt to pass the GENIUS Act, a bill that would ... Read full article.