As China Stands Against Bitcoin, Vance Vows Trump Admin Will ‘Champion’ It.

4 weeks ago 2

PULSE POINTS:

What Happened: Vice President J.D. Vance highlighted China’s opposition to Bitcoin as a reason for the U.S. to embrace cryptocurrency, emphasizing its strategic importance.

👥 Who’s Involved: Vice President J.D. Vance, President Donald J. Trump, the Department of Labor, the U.S. Senate, and the Chinese Communist Party (CCP).

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📍 Where & When: Bitcoin 2025 Conference, Las Vegas, May 28.

💬 Key Quote: “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.” – J.D. Vance.

⚠️ Impact: U.S. policy shifts toward cryptocurrency include rescinding restrictions, promoting digital assets, and establishing a Bitcoin national strategic reserve.

IN FULL:

Vice President J.D. Vance has called for the United States to embrace Bitcoin, citing China’s opposition to the decentralized cryptocurrency as a strategic opportunity. Speaking at the Bitcoin 2025 Conference in Las Vegas on May 28, Vance emphasized the importance of leveraging America’s advantage in digital assets.

“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,” Vance stated.

The event coincided with the Department of Labor’s withdrawal of guidelines discouraging fiduciaries from including cryptocurrency in 401(k) retirement plans. Vance argued that Bitcoin serves as a hedge against inflation and political persecution, referencing cases where individuals were denied financial services due to their political beliefs.

“With President [Donald] Trump, crypto finally has a champion and an ally in the White House,” Vance noted, adding that the administration views digital assets not just as an investment but as a driver of personal liberty.

China banned cryptocurrency trading in 2019 and intensified its crackdown in 2021, positioning itself against the technology. Meanwhile, President Trump recently signed an executive order to establish the U.S. as a leader in digital assets and financial technology, creating a working group chaired by David Sacks to oversee progress.

The administration has also rolled back prior restrictions, including overturning reporting requirements for digital asset transactions and rescinding policies that limited banks’ cryptocurrency-related activities. In March, Trump hosted a White House summit to engage industry leaders on crypto policy.

WATCH:

PULSE POINTS:

❓ What Happened: Communist China is celebrating British Prime Minister Sir Keir Starmer’s surrender of the Chagos Islands to its ally Mauritius as a “massive achievement,” contradicting Starmer’s claim that Beijing opposed it. The Indian Ocean archipelago hosts a strategic British-American military base.

👥 Who’s Involved: Keir Starmer, Chinese Ambassador Huang Shifang, Mauritius, and the U.S. military.

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📍 Where & When: The British government signed the Chagos deal with Mauritius on May 22, although ratification is still pending.

💬 Key Quote: “China offers massive congratulations to Mauritius for securing the disputed territory,” Ambassador Huang Shifang said.

⚠️ Impact: Starmer’s deal weakens British and American security, hands China a strategic win, and undermines Trump’s America First stance by risking the Diego Garcia base’s integrity.

IN FULL:

The Chinese Communist Party (CCP) is celebrating British Prime Minister Keir Starmer’s surrender of the Chagos Islands to Mauritius, bolstering Beijing’s influence in the Indian Ocean at the expense of Western security. On May 27, 2025, China’s ambassador to Mauritius, Huang Shifang, hailed the agreement as a “massive achievement,” directly contradicting Starmer’s claim that Beijing opposed the transfer of the Chagos Archipelago to Mauritius.

Mauritius, aligned with China’s Belt and Road Initiative, will be paid billions of pounds by the British government for the privilege of taking the islands. This is in part to pay for a 99-year lease on the island of Diego Garcia, which hosts a major American military base alongside a small British contingent.

Speaking at the Chinese embassy in Mauritius, Ambassador Huang offered “massive congratulations” to Mauritius for securing the territory. She confirmed China “fully supports” Mauritius’s sovereignty push and revealed plans for the island nation to join the Belt and Road Initiative, a sprawling infrastructure project advancing Beijing’s global influence.

Huang also tied Mauritius’s Chagos claim to China’s One-China policy, drawing parallels between the Chagos dispute and China’s stance on Taiwan. The Chinese Ministry of Foreign Affairs echoed this, urging Mauritius to join Belt and Road “as soon as possible” to build a “China-Africa community with a shared future.”

Starmer’s deal, finalized on May 22, 2025, transfers sovereignty of the Chagos Islands, formally the British Indian Ocean Territory, to Mauritius along with £30 billion (~$40.5 billion) over 99 years, in exchange for a lease of Diego Garcia, where Britain was previously sovereign at no cost. However, the Diego Garcia base could now be undermined and potentially rendered redundant if Mauritius allows China to establish a base on another of the Chagos Islands nearby.

Starmer claimed the one-sided agreement was necessary to secure the base, after the International Court of Justice issued an opinion in favor of Mauritius’s territorial claims. However, the United Nations court’s opinion was non-binding and unenforceable, and Starmer was under no obligation to obey it. He also asserted that Britain’s allies supported the deal while “Russia, China, [and] Iran” opposed it, which has now been exposed as a lie by China’s enthusiastic endorsement.

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