♦️On Wednesday, U.S. Vice President JD Vance stated that China's reservation about Bitcoin should encourage the United States to embrace the largest cryptocurrency in the world and build on its strategic advantage in digital assets.
♦️Vance confirmed, as the White House pushes for cryptocurrency policy reform, that Bitcoin will be a strategically important asset for the United States over the next decade.
♦️In his speech at the Bitcoin conference in Las Vegas, Vance praised President Donald Trump's executive order issued in March, which created a strategic reserve of Bitcoin using tokens owned by the U.S. government.
♦️Digital assets saw a resurgence under President Trump's administration, which garnered support from the cryptocurrency industry during his campaign by promising to be the first pro-cryptocurrency president.
♦️In his first week in office, Trump ordered the creation of a cryptocurrency task force to propose regulatory measures for digital assets, and in March, he hosted a group of cryptocurrency executives at the White House.
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