Vice President JD Vance said that China’s aversion to decentralized cryptocurrencies like Bitcoin was one more reason that the United States should embrace the technology.
*“The People’s Republic of China doesn’t like Bitcoin. Well, we should be asking ourselves, why is that? Why is our biggest adversary such an opponent of Bitcoin, and if the communist Republic of China is leaning away from Bitcoin, then maybe the United States ought to be leaning into Bitcoin, and that’s one of the things we’re going to be doing,” he said.*
Vance was speaking <www.theepochtimes.com/epochtv/live-now-vance-delivers-remarks-at-bitcoin-conference-in-las-vegas-5864431> at the Bitcoin 2025 Conference in Las Vegas on May 28 about the administration’s plans to bring cryptocurrency into the mainstream economy, the same day the Department of Labor rescinded <www.theepochtimes.com/business/labor-department-reverses-biden-era-stance-on-crypto-in-401k-plans-5864423> guidelines warning fiduciaries against including cryptocurrency in 401(k) retirement plans.
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