Trump administration ties bitcoin to US-China rivalry amid regulation revamp

Trump administration ties bitcoin to US-China rivalry amid regulation revamp Trump administration ties bitcoin to US-China rivalry amid regulation revamp

LAS VEGAS, Nevada — Bitcoin, once the symbol of decentralized, nongovernment digital assets, is now emerging as a chip in geopolitics, with the Trump administration calling for supporters to buy and hold the cryptocurrency as a way to outcompete China. 

Speaking at the Bitcoin Conference in Las Vegas on Wednesday, U.S. Vice President JD Vance said bitcoin is going to be a “strategically important asset” for the U.S. over the next decade.