Odaily Planet Daily News At the Bitcoin 2025 Conference in Las Vegas, Trump's deputy Vance took the stage to reiterate the centrality of cryptocurrency in the Trump administration's economic agenda. He criticized the Biden administration for "over-regulating" the crypto industry and promised to promote industry development by cutting red tape and expanding people's access to digital assets.
Vance also attended a high-end fundraising event hosted by Mega Inc. this week to raise funds for the Super PAC (Super PAC) supporting Trump. Tickets started at $1 million, and the specific amount raised was not announced.
At the same time, the U.S. Congress is accelerating the stablecoin and market structure bill. Representative Tom Emmer and Senator Bill Hagerty said they are confident that the legislation will be passed before the August recess to lay a policy foundation for institutional entry. Bitcoin has risen 61% since Trump's speech last year, and the market continues to have high expectations for regulatory benefits. (CNBC)