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Vance backs GENIUS Act at Bitcoin 2025
The Street
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5/29/2025
Vice President Vance spoke at Bitcoin 2025 to back the GENIUS Act.
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Sports
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00:00
As President Trump's Genius Act sits in the Senate, Vice President J.D. Vance took the stage
00:04
at Bitcoin's biggest conference of the year to back the stablecoin legislation.
00:08
Speaking at Bitcoin 2025 in Las Vegas, Vance told the crowd,
00:12
in this administration, we do not think that stablecoins threaten the integrity of the U.S.
00:16
dollar. Quite the opposite. We view them as a forced multiplier of our economic might.
00:21
He went on to add that dollar-pegged stablecoins, particularly once genius is enacted, is only
00:25
going to help the American economy. Earlier in May, Trump's crypto czar, David Sachs, said the
00:30
Genius Act could create trillions of dollars of demand for U.S. treasuries. However, Democrats
00:35
previously rejected the Genius Act because of concerns over Donald Trump's own crypto projects.
00:39
Those include Trump-branded meme and stablecoins from his family's businesses. At the time of this
00:44
taping, Bitcoin, a popular barometer for the overall crypto industry, traded upwards of $108,000,
00:50
near all-time highs. That'll do it for your Daily Briefing. From New York City,
00:53
I'm Kelsey Barbario with The Street.
00:55
We are adding a partner for Bin Laden from
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mandala.
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We are for Bin Laden from New York City,
01:00
payment to New York City,
01:02
avin
01:10
ины,
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