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Compiled by: Deng Tong, Bitchain Vision
The Bitcoin 2025 conference kicked off in Las Vegas on May 27 local time.What information have the industry insiders conveyed?What are the speeches of bigwigs worth paying attention to?Bitchain Vision compiles the content of the conference for readers.
Donald Trump Jr.: Family interest in cryptocurrencies comes from “need”
The eldest son of US President Donald Trump saidHis family’s interest in cryptocurrencies was at least “a product of need” at the beginning.During Trump’s first presidency, the Trump family and their organizations experienced a massive wave of debanization.
Donald Trump Jr. was not an early adopter of Bitcoin,Only after realizing the “fragility” of the traditional financial system did we turn to blockchain technology.
“We are in the real estate industry, we run hard assets, we build buildings – (Bitcoin) was a little vague at the time,” “But once we get into the political field… we’re going to be taken away by the banking system, we’re going to be taken away by the insurance system, we’re going to be taken away by everything. It’s so cruel.”
Donald Jr. and Eric “certainly” played a role in helping his father (who called Bitcoin a scam in 2021) understand the potential of cryptocurrency and blockchain technology.“We are the people who have been summoned to those ridiculous lawsuits, we are the people who are facing confiscation of bank accounts…we may have experienced it in person.”
After Trump accepted cryptocurrency during his campaign, other candidates, including Democratic candidate and former Vice President Kamala Harris, joined the Bitcoin trend, which made him laugh.“I’m willing to spend money, a lot of money, even my entire cryptocurrency wallet, and have Kamala Harris explain blockchain technology,” said Donald Jr.“That would be the most exciting empty talk in Kamala Harris’ history.”
Donald Jr. added that his father “cares to do the right thing for America” and saidFinancial democratization “is the fundamental principle of the goals he hopes to achieve in this administration after world peace.”“I think, as people say, Bitcoin is in a perfect storm, about to rush to the moon,” he said.
U.S. Senator Cynthia Lummis discussed issues such as the Market Structure Act, the Stablecoin Act, the Future Taxation System, Bitcoin Strategic Reserves, and Bitcoin Mining.
Wyoming Sen. Loomis: What is the biggest problem for lawmakers when it comes to digital assets?
Loomis first commented on the Market Structure Act and the Stablecoin Act.
“For many of the people at this meeting, the market structure bill may be more important than the stablecoin bill because there are a lot of businesses involved and you are there. Some businesses serve those who buy and hold Bitcoin, so they need custody services; some companies offer Bitcoin lending services; and there are Bitcoin futures markets where Bitcoin can be connected to fiat currencies such as the US dollar in a variety of ways.”
Loomis also mentioned the tax system she wanted to implement and the documents her office submitted to the Finance Committee.
“As the Lightning Network grows, companies like Strike have become leaders in the field to some extent. Create an opportunity to trade daily with Bitcoin. From buying a cup of coffee to going for dinner, everything is included. It would be very beneficial if certain transactions with a transaction amount below $600 are not taxed.”
In her speech, she detailed one of the biggest problems lawmakers face when it comes to digital assets.
“The problem in the past four years is largely due to the fact that regulators are very hostile to digital assets, so we are working hard to make changes as soon as possible.This is not something that can be achieved overnight.We haven’t even identified the IRS Director, so it’s hard to get IRS rulemakers to enact these structural reforms when the IRS committee is not yet established.”
At the end of the panel, Loomis talked about one of the biggest reasons why the U.S. government should get involved in Bitcoin.
We have $37 trillion in debt, and if we buy and hold 1 million bitcoin for 20 years, we can cut our debt by half, and we have some underperforming assets that can be converted into bitcoin without additional borrowing.Bitcoin is a very important global strategic asset, not only in the economic field, but also in our global defense field, because our defense contains multiple components.One is to have a deadly combat machine that can defeat other troops and military forces.The other is to have an economic machine that can defeat other currencies.She continued: “Even our military generals believe that Bitcoin is an important deterrent to contain other countries.”
VanEck Digital Assets Director Siegel: Establishing permanent strategic Bitcoin reserves may require targeted legislation
Matthew Sigel, VanEck’s digital assets director, saidEstablishing a permanent U.S. strategic Bitcoin reserve may require targeted legislation rather than administrative actions.Siegel said at the Bitcoin 2025 conference in Las Vegas,The most feasible option may be to incorporate Bitcoin mining incentives into the Congressional budget coordination process.
Siegel believes thatThe most effective way to increase US strategic Bitcoin reserves is through targeted revisions to Congressional budget legislation.These measures may include tax credits for mining companies using methane gas, and other incentives designed to encourage miners to share some of their mining gains with the federal government.He believes this approach can allow reserves to grow organically over time.Siegel also highlights the limitations of administrative measures in achieving this goal:
“The problem with administrative measures is that it will trigger lawsuits. Any money that exceeds $100 million will be sued by someone like Elizabeth Warren. So, I suggest taking $100 million from the Forex Stabilization Fund first.”
From left to right are: Alex Thorn, Matthew Sigel, Matthew Pines and Fred Thiel.
In the roundtable forum on “Creating America’s Future Financial Products”, industry insiders expressed their opinions:
Hunter Horsley, CEO of Bitwise Asset Management: 2025 begins a new chapter
Hunter Horsley, CEO of Bitwise Asset Management, notes that as the regulatory environment changes,We will open a new chapter in 2025.“In the U.S., wealth management companies manage $30 to $60 trillion in assets,” if wealth management companies can eventually allocate 1% of their funds to the field on behalf of their clients, helping them seize the opportunity of hundreds of billions of dollars.”
“Companies are buying Bitcoin.” “This is an unusual theme this year. As of the first quarter of this year, 79 publicly traded companies have included Bitcoin on their balance sheets. More than 600,000 bitcoins, and the total number of Bitcoin is only 21 million. That’s a big number.”
WBTC Consultant Justin Sun: Integrating BTC into DeFi
Justin Sun stressed the importance of integrating Bitcoin into a decentralized finance (DeFi) platform: “Raw Bitcoin is a way to connect Bitcoin to a smart contract platform,” “You can use your Bitcoin as collateral to borrow tokens from other mainstream cryptocurrencies like you borrow stablecoins, and of course, the bitcoin you hold can generate returns because Bitcoin is a proof of the network.” “Any transaction you see on the blockchain, and all reserve addresses, can be found on the blockchain. It is secure and transparent, and at the same time smart.” “The progress we’ve made in the U.S. is crucial because we’re all further encouraging people around the world to join the Bitcoin industry.” “Once Bitcoin goes through this stage and gets institutional adoption in the U.S., this will accelerate Bitcoin applications around the world.”
BitGo CEO Mike Belshe: Stablecoin success lies in liquidity
Mike Belshe elaborates on the basic elements of the success of stablecoins, especially in Bitcoin application scenarios.“Whether you mean USD or Bitcoin, the key to a good stablecoin is the liquidity it has in the global market.”
In a panel discussion titled “The Next Golden Age of America” hosted by Grant McCarthy, co-chair of the Bitcoin Policy Institute, the guests focused on policy shifts in U.S. digital assets.
U.S. Rep. Byron Donalds: Bitcoin is a value holder outside fiat currencies and central banks
“What the president and his team are doing is choosing to enter the digital asset market,” Donalds noted.Bitcoin is a key asset because it has been proven to be a value holder outside fiat currencies and central banks.President Trump is looking at the long term—strategically recognizing the role of Bitcoin in national reserves.
“If you talk to any business owner in the world, what they most desire is certainty and consistency.” This is the key to Bitcoin’s development into a trillion-dollar industry in the United States, not an industry trapped by regulatory ambiguity and legal costs.“The total amount of Bitcoin will always be only 21 million. The central bank cannot cut this amount. In my opinion, building a strategic reserve of Bitcoin is crucial to the United States.”
Brian Steele: Trump’s influence is the driving force of legislative momentum
Brian Steele pointed out:Trump’s media and political influence are the driving force behind the recent legislative momentum.“What he did was focus on these three bills…it gave us the ability to move forward.” He noted that legislation was difficult to pass, but with the support of the executive branch, we gained new vitality and opportunities to eventually succeed.
“Under the Biden administration, policies are formulated through law enforcement actions.Bitcoin is decentralized and should be regarded as a commodity.” Hilzade agreed, pushing for “regulatory therapy” to release billions of dollars that are still marginalized.
Fayal Hirzade, Chief Policy Officer of Coinbase: Legislators need to support innovation
Hilzade: “The tone of the top is exactly what Donald Trump showed us… He wants to build a market structure. He wants to take a more strategic approach.” Coinbase witnessed this impact first-handLegislators now recognize the need to support innovation, not kill it.
White House executive director Bo Hines, Tyler Williams of the U.S. Treasury Department and host Miles Jennings pointed out in a roundtable forum titled “Make the United States a Global Bitcoin Superpower” that the United States will invest all its efforts in Bitcoin—and very quickly.
Bo Hines, executive director of the White House: We will be the Bitcoin superpower
White House Executive Director Bo Hines pointed out:“We are steadily moving toward becoming a world’s Bitcoin superpower. It’s not about parties, but a revolution in the financial system.” “Updating payment channels is necessary, and we are achieving this goal smoothly.” The upcoming market structure legislation will clarify how to regulate intermediaries such as exchanges and brokers, and how to classify digital assets – whether they are securities or commodities.
“We hope everyone is innovating here, and we don’t have to worry about them coming into the SEC and receiving notifications from the Wells Act before they even get on the elevator,” he added.U.S. regulators are now encouraging cryptocurrency innovators to return: “We said to those who have left overseas: Welcome home.”
“Bitcoin is indeed the gold standard…we should use this asset on behalf of the American people. We want to get as much as we can.”
Miles Jennings: Bitcoin Act Will Be Active
Miles Jennings pointed to the key regulatory measures currently under implementation.“If the bill becomes law (I hope so), we will play a pretty positive role.The connection between the traditional financial system and Bitcoin, stablecoins and everything else will be truly paved by stablecoin legislation.”
Tyler Williams: Any new law must reflect the decentralized financial structure
Williams emphasizes:Any new law must reflect the unique architecture of decentralized finance.“The traditional market is based on the principal-agent model, but cryptocurrencies push us toward the principal-to-principal structure.”
Institutional Bitcoin adoption surged after regulators supported the ETP market – and believed that the same would happen again under the legislation of stablecoins and market structures.“We are vigorously developing digital assets, and you will surely see the United States becoming the world’s Bitcoin superpower.
Chris LaCivita, co-manager of President Trump’s 2024 campaign, Congressman Brian T. Jack, Coinbase Chief Policy Officer Faryar Shirzad and former U.S. Treasury Secretary Rosie Rios discussed the 250th anniversary of the founding of the United States, Bitcoin, freedom and cryptocurrencies.
Former U.S. Treasury Secretary Rosie Rios: Bitcoin will continue to exist
Rosie Rios stressed that it is difficult to change consumer behavior unless it has an impact on the existing system.In the past four months, the real implementation of innovation and the momentum of change have amazed her.“You’ll hear me saying a lot, the train has left the station. Bitcoin will continue to exist. Blockchain will continue to exist.”
“The eyes of the whole world are watching us. We should not only set the tone for our history, but also for the future. For all of us, this is the American dream. It is about the values of our nation’s founding.”
“Whoever creates this dominant digital infrastructure for Bitcoin and blockchain will set the tone for the entire global financial system, and it all starts with this meeting, moving forward under the leadership of this president.”
Chris LaCivita: The United States is at the forefront of establishing and planning the future of currency
Chris LaCivita, co-manager of President Trump’s 2024 campaign, noted:“It’s about freedom, and what cryptocurrency represents at the national level,” “This country is built on the entrepreneurship of Americans, and we are at the forefront of building and planning the future of currency.”
Congressman Brian T. Jack: Cryptocurrency Payers Will Be Heavy Burden from CFPB
Congressman Brian T. Jack mentioned that earlier this year they began using a congressional tool called the Congressional Review Act that would allow them to repeal any regulation implemented by the Biden administration in any area in the last few months of his term.
“One of the first laws signed by Donald Trump was to repeal an issue that some people present were very concerned and very interested in,” “This policy was imposed on the industry by the Consumer Financial Protection Bureau (CFPB) in December, and it actually helped them regulate payment processors, or over-regulate payment processors. As a result, many payment processors that process bitcoin and cryptocurrencies will bear the heavy burden of CFPB.”
Other meeting content worth paying attention to:
MACS is established
The nonprofit “Mother Against Cruelty” (MACS), founded by Lyn Ulbricht, was officially launched today at the 2025 Bitcoin Conference, and issued a strong statement against unfair sentencing.The organization is committed to voice the prisoners who suffer excessive and inhumane punishment and supports families affected by such punishment.
MACS is committed to bringing voices from different political factions and technology communities to promote meaningful reforms in sentencing laws.
“Thousands of people, many of whom are like Rose, are not violent criminals, are serving sentences – they are imprisoned for years, decades, and even for life,” Ubrich said.“MACS is designed to make families voice and promote fair and reasonable sentencing that match the sentence with the crime.”
Ross Ubrich’s life journey: From life imprisonment to presidential pardon
Ross Ublich founded Silk Road in 2011, an online trading platform that uses Bitcoin for anonymous transactions, and has since been controversial.Although the website was unfortunately used to traffic illegal drugs, it has also become the first real-world application of Bitcoin, demonstrating the power of decentralized, censored currencies.
In 2015, Ublich was sentenced to double life imprisonment without parole.His punishment quickly became a symbol of government overstepping power in the eyes of many in the tech and Bitcoin worlds.Critics believe his punishment goes far beyond the boundaries of justice, especially given the nonviolent nature of his criminal acts.
Trump announced his pardon to Ubrich shortly after taking office, which was seen as a powerful move to fulfill his campaign promises, support Bitcoin’s personal freedom and boycott government values overstepping.This not only sparked cheers from the entire Bitcoin community, but also reminded advocates that the struggle for justice is far from over.
The Bitcoin community continues to call for forgiveness and support for others, including Samourai wallet developers facing prosecution for developing privacy tools, and Edward Snowden, who has been in exile for revealing government surveillance programs.
How will the market trend follow after the Bitcoin 2025 conference?
Last July, the 2024 Bitcoin Conference in Nashville, Tennessee laid the foundation for a sudden drop in early August, causing BTC/USD to drop 30% from $70,000 to $49,000.
With the 2025 Bitcoin Conference held as scheduled, will the crypto market repeat the trend of last year?
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“Recently ongoing volatility increases show that traders are preparing for the Bitcoin conference in Las Vegas from May 27 to 29 to deal with major risks. The convention’s guest speaker lineup has gradually become the focus, including JD Vance, Michael Saylor, Donald Trump Jr. and Eric Trump.”The Nashville Bitcoin Conference in July last year provided a useful reference.At that time, when President Trump delivered a keynote speech, Bitcoin’s implicit volatility surged to above 90 per day, and then quickly reversed, with Bitcoin falling nearly 30% in two days.This incident still affects market memory.
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Cryptocurrency trader, analyst and entrepreneur Michaël van de Poppe reiterated that BTC’s drop from $110,000 to around $70,000 has happened once.“The adjustments do happen, and they continue to happen” and think that up to 20% of adjustments “should not disappoint you.”
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Daan Crypto Trades, a well-known trader, is one of the traders who leverage exchange order book liquidity to identify potential targets.He summarized based on data from monitoring resource CoinGlass:“The longer the price hovers in this price area, the more dense the liquidity clusters will be above and below.”“At a low of around $106,000, there is a lot of liquidity gathering, and many are $111,000 and above. Pay close attention to when prices touch both areas, because when prices approach, these areas usually act as magnetism.”
BTC clearing heat map.Source: CoinGlass
More exciting content continues to be updated…
