We see stable coins not as a threat, but as a multiplier that will increase the power of the dollar.”

Vance also said that Congress, under the leadership of US senator Cynthia Lummis, is working hard to pass the bill GENIUS, which regulates stable coins, as soon as possible and submit it to Trump's signature. The vice president said, "When the GENIUS bill comes into effect, the use of stable coins as a digital payment system for millions of Americans will become widespread. At the same time, coin owners will be protected and more transparency will come to the market. We do not see stable coins as a threat to the US dollar. On the contrary, we see stable coins as a multiplier that will increase the power of the American economy and the dollar. When GENIUS is approved, dollar-indexed stable coins will contribute to the American economy and the dollar," he said.

“We want to make Bitcoin a part of the main economy”

Following the entry into force of the GENIUS bill, Vance explained that their next goal is to create a clear regulatory framework for digital assets, transparent and in favor of innovation, thus fully incorporating crypto into the mainstream economy. “We want U.S. citizens to see crypto and digital assets, and Bitcoin in particular, being part of the mainstream economy,” the vice president said.