Bitcoin and $XRP may be part of President Donald Trump\u2019s broader crypto plans, but Vice President JD Vance is not backing them as a direct way to reduce the U.S. debt.<\/p>\n
With national debt now above $40 trillion, Vance pointed to economic growth, foreign investment, and Treasury Secretary Scott Bessent\u2019s plan instead.<\/p>\n
Vance Reveals Trump\u2019s Economic Strategy<\/p>\n
During a Newsmax interview, host Carl Higbie asked JD Vance,<\/p>\n
\u201cPresident Trump was talking about a crypto reserve with Bitcoin and $XRP and a few other things. Is there anything on the horizon to start offsetting this?\u201d<\/p>\n
In response, Vance noticeably avoided backing crypto as the direct solution, pivoting instead to Treasury Secretary Scott Bessent\u2019s traditional economic growth model, which aims to make the U.S. economy grow faster than its debt.<\/p>\n
Vance said Bessent has a \u201cvery discreet plan,\u201d of course, supported by the president of the United States, to get the United States to a point where our economy is growing faster than our debt. And if you look, we are on track.\u201d<\/p>\n
The focus is also shifting toward traditional capital.<\/p>\n
Vance said nearly $19 trillion in foreign investment is expected to enter the U.S. over the next decade, which could expand the tax base and support the Treasury market.<\/p>\n
Sovereign Wealth Fund Could Still Include Bitcoin<\/p>\n
Vance also points out Trump\u2019s interest in creating a U.S. sovereign wealth fund. While Bitcoin could potentially become part of a wider asset mix, the fund would focus more broadly on domestic equities, energy and other strategic assets.<\/p>\n
That makes crypto look more like a possible supporting asset than a direct tool for paying down the debt.<\/p>\n
Trump also addressed the reserve question at the White House gathering, saying a Bitcoin reserve \u201chas been talked about\u201d and that it had \u201ctaken a lot of pressure off the dollar.\u201d<\/p>\n
However, he pointed to SEC Chairman Paul Atkins and CFTC Chairman Michael Selig for the final structural decisions.<\/p>\n
CLARITY Act Takes Priority Over Crypto Reserve<\/p>\n
The administration\u2019s immediate crypto focus also appears to be regulation. Vance has backed the CLARITY Act, calling it \u201cvery important\u201d for the U.S. technology sector.<\/p>\n
The bill aims to establish clearer rules for digital assets and blockchain projects, potentially giving companies more certainty to build in the U.S.<\/p>\n","protected":false},"excerpt":{"rendered":"Bitcoin and $XRP may be part of President Donald Trump\u2019s broader crypto plans, but Vice President JD Vance…\n","protected":false},"author":2,"featured_media":198587,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[119],"tags":[169,168],"class_list":["post-198586","post","type-post","status-publish","format-standard","has-post-thumbnail","category-jd-vance","tag-james-david-vance","tag-jd-vance"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@people\/117142998668712463","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/posts\/198586","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/comments?post=198586"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/posts\/198586\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/media\/198587"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/media?parent=198586"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/categories?post=198586"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/tags?post=198586"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}