Stablecoins Steal the Spotlight at Bitcoin 2025 — A Turning Point for U.S. Crypto Policy

Bitcoin 2025, the world’s largest Bitcoin conference held on the Las Vegas Strip, was expected to revolve around Bitcoin. But in a surprising twist, it was stablecoins — dollar-pegged digital assets — that took center stage, signaling a seismic shift in both financial and political landscapes in the United States.

Stablecoins: The New Strategic Tool for U.S. Economic Power

In a historic first, Vice President JD Vance addressed the crypto community, voicing strong support for digital assets and emphasizing the crucial role of stablecoins in boosting the U.S. economy.

“We don’t see stablecoins as a threat to the dollar — quite the opposite,” Vance said. “They’re a force multiplier of our economic might.”

This endorsement highlights a growing trend in Washington: the integration of stablecoins into the national financial strategy.

GENIUS Act: The Bill That Could Redefine the Crypto Landscape

The buzz at the event focused on the GENIUS Act, a bipartisan bill aiming to establish the first regulatory framework for stablecoin issuers. Senator Cynthia Lummis announced that the bill is ready for a crucial Senate vote after extensive negotiations.

Meanwhile, Republicans in the House are working rapidly to align their legislation, with the goal of delivering both the stablecoin and broader market structure bills to President Trump’s desk before the August recess.

“The president promised this,” said House Majority Whip Tom Emmer. “We want it done now.”

Wall Street Enters the Stablecoin Arena

Stablecoins are no longer just a crypto experiment. They are becoming core financial instruments. Tether, the largest stablecoin issuer globally, is now one of the top purchasers of U.S. Treasuries.

In response, traditional banks like JPMorgan, Citi, and Bank of America are reportedly exploring a joint digital dollar project to compete with Tether — signaling that Wall Street is preparing to go head-to-head with crypto-native firms.

Tokenization: The Future of Finance

Executives from Kraken, Robinhood, and Tether stressed that tokenization — of currencies, stocks, and other assets — is no longer a vision of the future. It’s here.

Robinhood CEO Vlad Tenev suggested that tokenized markets could be realized even without new legislation, through proactive cooperation with the SEC and existing frameworks.

“The SEC can just do it,” Tenev stated confidently.

SEC Commissioner Hester Peirce echoed this optimism, saying the time for clear, proactive regulation has finally arrived.

A New Financial Order, Driven by Stablecoins

As stablecoins move from the periphery to the core of global finance, the narrative is shifting fast. No longer just serving the "unbanked," companies like Tether are targeting the global majority left behind by traditional banking systems.

“Half of the world’s population is not a niche,” said Tether CEO Paolo Ardoino.

With political backing, regulatory momentum, and institutional interest converging, stablecoins are becoming the catalyst for a new era of U.S. financial dominance.

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Source: CNBC