Crypto News Roundup: White House Backs Bitcoin, XRP Faces Pressure, and Major Developments in DeFi

Big news from the Bitcoin 2025 Conference: Vice President JD Vance declared that crypto finally has a champion

in the White House.

The Trump administration is pushing to ease regulations and bring digital assets like Bitcoin into the mainstream.

Vance called crypto a “hedge against bad policymaking” and urged Congress to pass the GENIUS Act for stablecoin

regulation.

But not everyone’s cheering—critics warn of conflicts of interest as the Trump family’s crypto investments grow.

Still, Bitcoin has soared 60% since Trump’s re-election, hitting record highs.

Despite the hype, only about 1 in 6 Americans have ever used crypto, and just 8% used it

in the past year.

Usage is highest among young men, while older women are least likely to own crypto.

Vance says Bitcoin can help the unbanked, but for now, crypto ownership still lags far behind stocks and

retirement accounts.

The administration is working to make crypto more accessible, but there’s a long way to go before it’s

truly mainstream.

XRP is in the spotlight as its price hovers near $2.30, with technical indicators turning bearish and network

activity dropping by 90% this month.

The ongoing SEC lawsuit keeps investors cautious, and analysts warn that unless XRP breaks above key resistance, more

downside could follow.

Ripple’s CTO insists XRP is decentralized, but the debate continues.

Meanwhile, traders are watching closely for any big moves or legal updates.

XpFinance is making waves with its presale, filling 30% of its softcap as it prepares to launch a

decentralized lending and borrowing platform on the XRP Ledger.

The project promises lower fees, passive income, and community governance.

Early investors could see instant gains when the token lists, fueling FOMO in the XRP community.

With XRP’s price under pressure, some are betting on new DeFi projects for the next big opportunity.

In a shocking case, two suspects have been arrested for allegedly kidnapping and torturing an Italian tourist in

Manhattan to steal his Bitcoin.

The victim endured weeks of abuse before escaping.

Experts warn that as crypto grows, so do risks of crime targeting investors.

Authorities urge caution and strong security for anyone holding digital assets.

Nvidia’s blockbuster earnings—up 69% year-over-year—gave a small lift to AI-linked crypto tokens like Bittensor and NEAR Protocol.

However, global trade tensions could impact future growth.

The intersection of AI and crypto remains a hot trend to watch as both sectors evolve rapidly.