US Vice President Vance Predicts US Bitcoin Holders Will Double, Promises to Develop a Friendly Regulatory Framework

According to a report by Jinse Finance, U.S. Vice President Vance stated that approximately 50 million Americans hold Bitcoin, and he believes this number will soon increase to 100 million. Vice President Vance welcomed the entry of cryptocurrency into the "mainstream" of the U.S. economy, vowing to establish "innovation-supporting" rules for digital assets and praised the cryptocurrency billionaires who supported Trump's presidential bid last year. On Wednesday, Vance addressed thousands of Bitcoin investors dressed in orange uniforms in Las Vegas, touting the rise of cryptocurrency and predicting that the number of Americans holding Bitcoin will soon double. "This is a movement—I am proud to stand with you today," Vance said on a stage named after Bitcoin's anonymous developer Satoshi Nakamoto. "We want our fellow Americans to know that cryptocurrencies and digital assets, especially Bitcoin, are part of the mainstream economy and are here to stay." Vance stated that the Trump administration will quickly establish a regulatory framework for tokens pegged to the dollar. The next priority will be to create a "transparent and tailored regulatory framework for digital assets—a framework that supports innovation and fully integrates cryptocurrency into the mainstream economy."