CryptocurrenciesTrump administration ties bitcoin to US-China rivalry amid regulation revamp
JD Vance calls for more crypto support, says Beijing 'doesn't like bitcoin'
U.S. Vice President JD Vance speaks at a Bitcoin conference in Las Vegas on May 28. © Reuters
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.