China’s wariness of bitcoin should encourage the US to embrace the world’s largest cryptocurrency and build on its strategic advantage in the digital asset, US Vice-President J.D. Vance said on Wednesday.
As the White House pushes for an overhaul of crypto policy, Vance said bitcoin will be a strategically important asset for the United States over the next decade.
Speaking at the Bitcoin Conference in Las Vegas, Vance applauded President Donald Trump’s executive order in March that created a strategic bitcoin reserve with tokens already owned by the government.
Crypto trading and mining has been banned in China since 2021.
“The People’s Republic of China doesn’t like bitcoin. Well, we should be asking ourselves, why is that? Why is our biggest adversary such an opponent of bitcoin, and if the communist Republic of China is leaning away from bitcoin, then maybe the United States ought to be leaning into bitcoin,” he said.
Digital assets have enjoyed a resurgence under President Donald Trump, who courted cash from the crypto industry on the campaign trail by pledging to be a “crypto president”.
