JD Vance points to growth, not Bitcoin or XRP, to tackle $40 trillion debt

Vice President JD Vance declined to endorse Bitcoin or XRP as a direct solution to the U.S. national debt, which has risen above $40 trillion. In a Newsmax interview with host Carl Higbie, Vance instead pointed to Treasury Secretary Scott Bessent’s plan to make the U.S. economy grow faster than its debt, supported by economic growth and foreign investment. He said nearly $19 trillion in foreign investment is expected to enter the United States over the next decade, potentially expanding the tax base and supporting the Treasury market. Vance also noted President Donald Trump’s interest in a U.S. sovereign wealth fund (a state-managed investment fund), which could hold domestic equities, energy and other strategic assets alongside any potential crypto exposure. Trump said a Bitcoin reserve had been discussed and had taken pressure off the dollar, while directing final structural decisions to SEC Chairman Paul Atkins and CFTC Chairman Michael Selig. Vance has also backed the CLARITY Act, which aims to establish clearer rules for digital assets and blockchain projects and provide companies with greater certainty to build in the U.S.

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