Stablecoins stole the show on Bitcoin 2025

Las Vegas – the largest in the world Bitcoin At this week’s meeting at Vegas Strip, the most consequential story was not about Bitcoin.

Stablecoins, a dollar-covered digital token driving full-scale financial and political change in Washington, stole the show.

The momentum behind Stablecoin’s laws and crypto market reform is accelerating, attracting a new kind of donors, investors and voters. That shift was central to Bitcoin 2025 in Las Vegas.

Vice President JD Vance became the first US vice president to address the Bitcoin community on Wednesday, offering full approval for the crypto.

“In fact, I think it’s wrong to call this a mere meeting,” Vance told a crowd of 35,000. “It’s a movement, and I’m proud to be standing with you.”

“I don’t think that in this administration stubcoin would threaten the integrity of the US dollar. It’s the exact opposite,” Vance said. “We see them as multipliers of the forces of our potential economics.”

Stablecoins are designed to have a stable value for non-cryptic assets, typically the US dollar.

Bo Hines, a White House official who leads the president’s Digital Assets Council, told CNBC on the sidelines of Bitcoin 2025.

He added that Stablecoin’s integration into the US financial system could unlock trillions of dollars in global demand for US debt.

These ambitions depend on passing the genius law. This is the Senate bill that establishes the first comprehensive regulatory framework for stable publishers.

R-Wyo. Sen. Cynthia Ramis, of the Bitcoin 2025, told the Bitcoin 2025 crowd that the bill would move to solidified votes on Monday after weeks of negotiations with Democrats.

“I think there’s a final deal,” Ramis said. “If we can pass this, this will be the first digital assets law to pass through the US Senate.”

On the House side, Republicans are competing to keep up with that pace.

R-Minn. House majority Whip Tom Emmer, R-Tenn. He praised Sen. Bilhagerty, pushing the “calcified” Senate to act at record speeds and saying he is determined to acquire both President Donald Trump’s desk stubcoin and the broader market structure bill before the August break.

“The president has made this promise,” Emmer said. “We want to do that now.”

R-Wisc, chairing the House Subcommittee of Digital Assets. Rep. Bryan Steil of said that it is a major effort to promote companion law, and hopes that the bill will reach the Financial Services Commission by July.

“The publisher of Stablecoin will be purchasing US finances during a period that is very important,” Steil told CNBC in Vegas. “It embarrasses the US dollar on our dominant role as a global reserve currency.”

Tether – the world’s largest Stablecoin publisher – is currently ranked among the top buyers of the US Treasury around the world.

Steil has rejected democratic efforts by government officials to propose amendments that would ban Stablecoin Ventures’ interests. Trump’s family has connections with the world’s Liberty Financial and its newly launched Stablecoin USD1.

Advising behind the scenes, Kraken CEO Dave Ripley has been called a vital legislation to bring financial institutions, including consumer brokers and major banks, into the digital asset ecosystem.

However, he warned that important provisions are still under discussion, such as whether stubcoin yields can be shared with users and how government officials can join the market.

“The ciphers are all about individuals,” he said. “Let’s bring value to them.”

Tether CEO Paolo Ardoino said the commodity trading company will become the “largest driver” for Stablecoin adoption over the next five years. As mainstream financial players begin to launch their own digital dollars on blockchain, he is already preparing for the next wave of competition.

Ardoino, which manages more than 60% of the Stablecoin market, emphasized that traditional financial companies entering the Stablecoin space are constrained by their reliance on high-end customers.

“All traditional financial companies create stubcoins that are offered to existing customers,” he told CNBC.

According to the Wall Street Journal, major banks, including JPMorgan, Bank of America and Citi, will be discussing early to issue unified digital dollars to compete with Tether.

In contrast, Tether targets the global majority that have been excluded from the bank.

“A lot of our competitors say, ‘Yeah, Tether serves this niche with no banks,” he said. “Half of the world’s population should not be called a niche.”

Its global reach is one of the reasons why policymakers in Washington are moving so rapidly.

Momentum has changed crucially under Trump’s newly appointed regulatory team.

Long considered the industry’s leading enemy, the Securities and Exchange Commission has begun dismantling its enforcement-first framework, clearing the path to more institutional participation in crypto.

SEC Commissioner Hester Peirce said the change had been delayed for a long time.

“For many years, I have complained about the fact that the committee has not taken any positive steps to provide clarity, and finally, we are where we can do that,” she said.

Robinhood CEO Vlad Tenev meets with the SEC personally and says tokenization of not only the dollar, but public and private markets, now out of reach, even without the new law.

“We’ve actually been involved in the SEC Crypto Task Force and the administration,” he told CNBC. “And in reality, there’s no need for Congress to make tokenization a reality. The SEC can do that.”

Watch: Vice President Vance sells stubcoin as a new pillar of US economic diplomacy