Vance Backs Cryptocurrency at Bitcoin Conference
LAS VEGAS, Nevada – In a powerful address at the Bitcoin 2025 Conference, Vice President JD Vance threw his support behind cryptocurrency, portraying the bitcoin sector as a “movement.” He assured that the Trump administration is committed to fostering digital assets rather than imposing federal regulations against them.
“I’m here today to say loud and clear: With President Trump, crypto finally has a champion and ally in the White House,” Vance declared.
Vance commended cryptocurrency supporters for rallying behind Trump in the previous election, including congressional candidates like the newly elected U.S. Senator Bernie Moreno, a Republican from Westlake. The pro-crypto super PAC, Defend American Jobs, played a major role in funding Moreno’s campaign with a nearly $41 million advertising effort.
He called on crypto advocates to stay politically active, encouraging them to use the momentum from their involvement in the 2024 elections for future political engagement. “Don’t ignore politics; politics will not ignore this community,” he warned.
Criticizing the Biden administration’s regulatory stance, Vance described it as “death by 1,000 enforcement actions.” He accused former SEC Chair Gary Gensler of undermining efforts to democratize financial markets under the guise of consumer protection.
Vance shared that he personally holds “a fair amount” of bitcoin, with assets disclosed between $250,000 and $500,000. While Trump had previously expressed skepticism about cryptocurrency, he recently initiated a Trump memecoin and announced plans to raise $2.5 billion to purchase bitcoin.
Vance emphasized that cryptocurrency represents a “genuine ground-up innovation” improving the lives of millions. He advocated for the bipartisan Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act to enhance stablecoin usage and protect coin holders. He warned that, without regulatory clarity, the U.S. risks pushing a $3 trillion industry offshore. “Crypto and digital assets, particularly bitcoin, are part of the mainstream economy and are here to stay,” he concluded, to enthusiastic cheers from attendees.
