The United States is preparing to make Bitcoin an integral part of its economy during President Donald Trump’s era. This week, the annual Bitcoin Conference began in Las Vegas, and attracted industrial leaders from all over the world. On May 28, JD Vance occupied the lead in this event to determine the country’s position on encrypted currencies. The Vice President of the United States stated that Bitcoin, the first cryptocurrency in the first and most valuable world, will be strategically integrated into the US financial system to strengthen its position against China.
In 2021, China imposed a comprehensive embargo on all activities related to encryption without revealing the specified causes. While several parts of the world are now taking an embracing approach to encryption, China has been firm in the coding ban.
The United States now feels that the Chinese distance from encryption can give it an influence in the area of digital assets under Trump’s presidency, and Vans indicated in it letter. Later, US -Chinese tensions have intensified only due to the wars of customs tariffs, commercial tensions and technology recently.
“The People’s Republic of China does not like Bitcoin. Why is our biggest opponent like Bitcoin’s opponent? If the Communist Republic of China tends away from Bitcoin, the United States may tend to bitcoin,” Vans said in his speech.
US Vice President It is said He pointed out that the number of 35,000 attendees at the conference is that Bitcoin will be able to help American citizens unrestricted to become part of the financial system – which the United States aims to see to develop the sector.
Vans noted that “decentralized financing and encryption has been about how Americans deal with each other. Extensive expenses for many who may not have otherwise. Checks is a hedge against bad policies.”
At the time of writing this report, Bitcoin was trading at $ 107,900 (about 92.2 rupees) in international stock exchanges, Coinmarketcap. At its highest levels so far, the original touched the price point amounting to $ 111,500 (about 95.3 ru rupes).
In the processing of the conference, Vans also talked about expanding experiences with Blockchain use cases. He highlighted that this technology that supports Crypto can also change how to store governments, track logistics services, manage the supply chain, as well as private health records of patients.
Fans joined my son, President Trump, Eric and Donald Junior, at this event. In the background of the United States working to create comprehensive encryption rules, the older son of Trump Eric It is said He said he likes to see some large banks to become extinct.
Currently, the SEC Craftsman Square is expected to present the coding rules designed in front of President Trump by August. Meanwhile, the work group will meet with the encryption industry members as well as ordinary citizens through a series of round table discussions on the important topics related to the encryption.
