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Trump White House Leans Into Crypto With Stablecoin Legislation and $2.5B Bitcoin Plan

JD Vance urged crypto advocates to remain politically engaged to safeguard industry gains.

Vice President JD Vance speaks at Bitcoin 2025, Wednesday, May 28, 2025, in Las Vegas. (AP Photo/John Locher)

Overview

  • Vice President JD Vance delivered the keynote at Bitcoin 2025 in Las Vegas, declaring the White House a “champion and ally” of cryptocurrency as a driver of personal liberty.
  • He urged the sector to maintain political engagement to influence future policy and elections.
  • The administration is lobbying Congress to pass the GENIUS Act, a bipartisan bill to establish a clear regulatory framework for stablecoins and enhance market transparency.
  • Trump Media & Technology Group announced plans to raise $2.5 billion in stock and convertible notes to build a bitcoin treasury on its balance sheet.
  • Democrats and ethics experts warn the Trump family’s stakes in ventures like World Liberty Financial and American Bitcoin create conflicts of interest.