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

JD Vance calls for more crypto support, says Beijing 'doesn't like bitcoin'

20250529 Bitcoin conference

U.S. Vice President JD Vance speaks at a Bitcoin conference in Las Vegas on May 28. © Reuters

YIFAN YU

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.

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