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Coin Edition 2025-05-29 12:30:00

Peter Schiff Slams Trump-Vance Crypto Stance as Misguided Hedge Strategy

Peter Schiff Slams Trump-Vance Crypto Stance as Misguided Hedge Strategy

JD Vance aims to double U.S. Bitcoin users from 50 to 100 million. Peter Schiff argues Bitcoin isn’t real wealth and gold is safer. Trump’s media firm plans a $2.5B raise, including a Bitcoin treasury. US Vice President JD Vance made a strong pitch for Bitcoin (BTC) and cryptocurrencies in a headline-grabbing speech in Las Vegas. Vance told the crowd that 50 million Americans already own Bitcoin, and their goal is to double that number to 100 million. Vance didn’t hold back when criticizing regulators, saying the administration plans to “fire everyone like Gary Gensler”, the former head of the U.S. Securities and Exchange Commission (SEC). Many in the crypto community cheered these comments, seeing it as a signal for a more supportive government approach towards digital assets. After four years of mistreatment and outright hostility from Democrat regulators, there's a new sheriff in town. With President Trump, crypto finally has a champion and an ally in the White House. pic.twitter.com/WJPJJFUESX — JD Vance (@JDVance) May 28, 2025 His speech came just a day after Trump’s media company announced plans to raise $2.5 billion. Part of this plan… The post Peter Schiff Slams Trump-Vance Crypto Stance as Misguided Hedge Strategy appeared first on Coin Edition .

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