Compiled by: Deng Tong, Jinse Finance
The Bitcoin 2025 Conference opened on May 27th local time in Las Vegas. What messages did industry insiders convey? What notable speeches are worth paying attention to? Jinse Finance has compiled the conference content for readers.
Donald Trump Jr.: Family's Interest in Cryptocurrency Stems from "Need"
The son of former U.S. President Donald Trump stated that his family's interest in cryptocurrency was initially "a product of necessity". During Trump's first presidential term, the Trump family and their organization experienced a massive wave of de-banking.
Donald Trump Jr. was not an early Bitcoin adopter, but turned to blockchain technology after realizing the "fragility" of the traditional financial system.
"We are in the real estate business, we deal with hard assets, we build buildings - (Bitcoin) was a bit fuzzy at the time," "But once we entered the political arena... we would be stripped by the banking system, we would be stripped by the insurance system, we would be stripped by everything. It was brutal."
Donald Jr. and Eric "certainly" played a role in helping their father (who called Bitcoin a scam in 2021) understand the potential of cryptocurrency and blockchain technology. "We are the ones who were subpoenaed in those ridiculous lawsuits, we are the ones facing bank account seizures... we might be the ones who experienced all of this firsthand,"
After Trump began accepting cryptocurrency during the campaign, other candidates, including Democratic candidate and former Vice President Kamala Harris, joined the Bitcoin trend, which made him laugh. "I would spend money, a lot of money, even my entire crypto wallet, to have Kamala Harris explain blockchain technology," Donald Jr. said. "That would be Kamala Harris's most brilliant nonsense ever."
Donald Jr. added that his father "cares about doing the right thing for America" and stated that financial democratization "is a fundamental principle of what he hopes to achieve in this administration, after world peace". "I think, as people say, Bitcoin is in a perfect storm and about to rocket to the moon," he said.
[Rest of the translation continues in the same professional manner, maintaining the specified translations for specific terms]WBTC Advisor Justin Sun: Integrating BTC into DeFi
Justin Sun emphasized the importance of integrating Bitcoin into decentralized finance (DeFi) platforms: "Raw Bitcoin is a way to bring Bitcoin into smart contract platforms," "You can use your Bitcoin as collateral to borrow tokens of other mainstream cryptocurrencies, just like borrowing stablecoins, and of course, your held Bitcoin can also generate income because Bitcoin is a network proof." "Any transaction you see on the blockchain, and all reserve addresses, can be found on the blockchain. It is secure, transparent, and yet smart." "The progress we have made in the United States is crucial because we are all further encouraging people around the world to join the Bitcoin industry." "Once Bitcoin passes this stage and gains institutional adoption in the United States, this will accelerate Bitcoin applications globally."
BitGo CEO Mike Belshe: Stablecoin Success Lies in Liquidity
Mike Belshe elaborated on the fundamental elements of stablecoin success, especially in Bitcoin application scenarios. "Whether you're talking about dollars or Bitcoin, the key to a good stablecoin is the liquidity it has in the global market."
In a panel discussion titled "America's Next Golden Age" hosted by Bitcoin Policy Institute Co-Chair Grant McCarthy, guests focused on policy changes for digital assets in the United States.
U.S. Congressman Byron Donalds: Bitcoin is a Value Holder Outside of Fiat Currency and Central Banks
Donalds noted: "What the President and his team are doing is choosing to venture into the digital asset market," Bitcoin is a key asset because it has proven to be a value holder outside of fiat currency and central banks. President Trump is looking long-term - strategically recognizing Bitcoin's role in national reserves.
"If you talk to any business owner in the world, what they crave most is certainty and consistency." This is precisely the key to Bitcoin developing into a trillion-dollar industry in the United States, rather than an industry struggling with regulatory ambiguity and legal costs. "Bitcoin's total supply will always be only 21 million. Central banks cannot reduce this amount. In my view, establishing a strategic Bitcoin reserve is crucial for the United States."
Brian Steil: Trump's Influence is the Driving Force of Legislative Momentum
Brian Steil pointed out: Trump's media and political influence is the driving force behind recent legislative momentum. "All he did was focus on these three bills... This gives us the ability to move forward." He noted that legislation is difficult to pass, but with executive branch support, we have gained new vitality and opportunity to ultimately succeed.
"Under the Biden administration, policies are made through enforcement actions. Bitcoin is decentralized and should be viewed as a commodity." Shirzad agreed, pushing for a "regulatory therapy" to release billions of dollars still marginalized.
Coinbase Chief Policy Officer Faryar Shirzad: Legislators Need to Support Innovation
Shirzad: "The high-level tone is exactly what Donald Trump showed us... He wants to establish a market structure. He wants to take a more strategic approach." Coinbase has witnessed this impact - legislators now recognize the need to support innovation, not stifle it.
White House Executive Director Bo Hines, U.S. Treasury's Tyler Williams, and host Miles Jennings in a roundtable titled "Making the U.S. a Global Bitcoin Superpower" indicated that the United States will fully commit to Bitcoin - and quickly.
White House Executive Director Bo Hines: We Will Become a Bitcoin Superpower
White House Executive Director Bo Hines noted: "We are steadily moving on the path to becoming the world's Bitcoin superpower. This is not about party lines, but a revolution in the financial system." "Updating payment channels is necessary, and we are smoothly achieving this goal. The upcoming market structure legislation will clarify how to regulate intermediaries like exchanges and brokers, and how to classify digital assets - whether as securities or commodities."
"We want everyone to innovate here, we don't have to worry about them walking into the SEC and receiving a Wells notice before even getting in the elevator." He added that U.S. regulators are now encouraging crypto innovators to return: "To those who have left overseas: Welcome home."
"Bitcoin is indeed the gold standard... We should utilize this asset on behalf of the American people. We want to acquire as much of it as possible."
Miles Jennings: Bitcoin Bill Will Play a Positive Role
Miles Jennings highlighted the key regulatory measures currently being implemented. "If this bill becomes law (which I hope it does), we will play a quite positive role. The connection between the traditional financial system and Bitcoin, stablecoins, and everything else will truly be paved by stablecoin legislation."
U.S. Treasury's Tyler Williams: Any New Law Must Reflect Decentralized Finance Architecture
Williams emphasized: Any new law must reflect the unique architecture of decentralized finance. "Traditional markets are based on an agency model, but cryptocurrencies push us towards a principal-to-principal structure."
After regulatory support for the ETP market, institutional Bitcoin adoption surged - and they believe the same will happen under stablecoin and market structure legislation. "We are vigorously developing digital assets, and you will definitely see the United States become a global Bitcoin superpower."
Trump 2024 Campaign Co-Manager Chris LaCivita, Congressman Brian T. Jack, Coinbase Chief Policy Officer Faryar Shirzad, and former U.S. Treasury Secretary Rosie Rios discussed the United States' 250th anniversary, Bitcoin, freedom, and cryptocurrency.
Former U.S. Treasury Secretary Rosie Rios: Bitcoin Will Continue to Exist
Rosie Rios emphasized that consumer behavior is difficult to change unless it disrupts existing systems. The true landing of innovation in these four months has amazed her with its transformative momentum. "You'll hear me say a lot: the train has left the station. Bitcoin will continue to exist. Blockchain will continue to exist."
"The eyes of the world are watching us, and we must set the tone not just for our history, but for the future. For all of us, this is the American dream. It's about the values our country was founded on."
"For Bitcoin and blockchain, whoever creates this dominant digital infrastructure will set the tone for the entire global financial system, and it all begins with this conference, moving forward under this president's leadership."
Chris LaCivita: The U.S. is at the Forefront of Establishing and Planning the Future of Money
Trump 2024 Campaign Co-Manager Chris LaCivita noted: "This is about freedom and what cryptocurrency represents at the national level," "This country is built on the entrepreneurial spirit of Americans, and we are at the forefront of establishing and planning the future of money."
Congressman Brian T. Jack: Crypto Payment Processors Will Bear Heavy Burden from CFPB
Congressman Brian T. Jack mentioned that earlier this year, they began using a congressional tool called the Congressional Review Act, which would enable them to repeal any regulations implemented by the Biden administration in its final months across any domain.
"One of the first laws signed by Donald Trump was to repeal an issue that some people here were very focused on and interested in," he said. "This policy was imposed by the Consumer Financial Protection Bureau (CFPB) last December, which actually helped them regulate payment processors, or rather, over-regulated payment processors. Therefore, many payment processors handling Bitcoin and cryptocurrencies will bear the heavy burden brought by the CFPB."
Non-Profit Organization MACS Established
Founded by Lyn Ulbricht, the non-profit organization "Mothers Against Cruel Sentences" (MACS) was officially established today at the 2025 Bitcoin Conference, issuing a strong statement against unjust sentencing. The organization is dedicated to advocating for prisoners suffering from excessive and inhumane punishments and supporting families affected by such penalties.
MACS is committed to bringing together voices from different political parties and the tech community to promote meaningful sentencing law reforms.
"Thousands of people, many like Ross who are not violent criminals, are serving sentences - imprisoned for years, decades, or even life," Ulbricht said. "MACS aims to give families a voice and push for fair and reasonable sentencing that corresponds to the crime."
Ross Ulbricht's Life Journey: From Life Imprisonment to Presidential Pardon
Ross Ulbricht founded the Silk Road in 2011, an online trading platform using Bitcoin for anonymous transactions, which subsequently became highly controversial. Although the site was unfortunately used for illegal drug trade, it also became the first real-world application of Bitcoin, demonstrating the power of a decentralized, censorship-resistant currency.
In 2015, Ulbricht was sentenced to double life imprisonment without parole. His sentence quickly became a symbol of government overreach in the eyes of many in the tech and Bitcoin communities. Critics argued that his punishment far exceeded the bounds of justice, especially considering the non-violent nature of his actions.
Shortly after taking office, Trump announced a pardon for Ulbricht, which was seen as a powerful move to fulfill campaign promises and support Bitcoin individual freedoms and resist government overreach. This not only sparked cheers throughout the Bitcoin community but also reminded advocates that the fight for justice was far from over.
The Bitcoin community continues to call for clemency and support for others, including the Samourai wallet developers facing prosecution for developing privacy tools and Edward Snowden, who is in exile for exposing government surveillance programs.
What Will the Market Do After the Bitcoin 2025 Conference?
Last July, the 2024 Bitcoin Conference in Nashville laid the groundwork for a sudden drop in early August, causing BTC/USD to fall 30% from $70,000 to $49,000.
With the 2025 Bitcoin Conference taking place as scheduled, will the crypto market replay last year's market movement?
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