Full text of U.S. Vice President Vance’s speech at the Bitcoin 2025 conference

Compiled by: Odaily (@OdailyChina)

Translator: Ethan (@ethanzhang_web3)

Translator's Note: This speech is an important address by the U.S. Vice President at the Bitcoin 2025 Conference, which not only demonstrates a clear political stance but also reveals the current U.S. government's policy attitude and strategic considerations towards digital assets, Bitcoin, and decentralized finance. The speech covers topics such as criticizing the previous government's regulatory approach, new government priorities (such as ending the "cutting off banking services" regulatory strategy), promoting the GENIUS Act legislation, establishing a clear stablecoin regulatory framework, and establishing Bitcoin as a national strategic asset. This speech not only reflects the current shift in cryptocurrency discourse in American politics but also demonstrates the collective power of the Bitcoin community in shaping policy. It is not just a policy speech, but a political mobilization order.

Note: To preserve the Vice President's original language style, speech rhythm, and emotional expression while ensuring readability, the text has been moderately refined and structurally adjusted during translation. Policy, name, and terminology references have been kept as close to the original meaning as possible, with some annotations provided (such as "Operation Chokepoint 2.0", "GENIUS Act", etc.).

Opening Remarks

Thank you, thank you everyone. First, I want to say thank you... please, sit down. Thank you all.

You know, the Secret Service is a bit nervous now because I told them: These Bitcoin supporters not only love guns, but they truly love America more, so please relax.

I want to especially thank David Bailey, I remember everything you've done for the Bitcoin community. Particularly thank you for your efforts for me and the President, helping us go from campaign to the White House. In the past 120 days, we've done many beneficial things, and none of this would have been possible without your support.

I also want to thank the Winklevoss brothers - Tyler and Cameron, who should be here today. I must say, they really helped us break the silence in Silicon Valley.

If you remember, back to last June or July - though it feels like a long time ago, it was actually less than a year ago. At that time, in Silicon Valley, people were only quietly discussing privately that they might support President Trump, saying the Democrats were too crazy and Gary Gensler needed to be removed. But before that, they didn't dare to speak out publicly.

Until Tyler and Cameron stood up and spoke out, I believe they were the first major figures in Silicon Valley to truly support Trump. After that, many others followed.

So, thank you, Tyler and Cameron.

Tribute

To the friends at Coinbase, the event organizers, and everyone who made this conference possible - it's truly an honor to be here. Especially when Bitcoin has hit $108,000, which was at least the price I saw this morning.

As the Vice President of the United States, it's an honor to be with such an energetic group. I mean, guys, you must have partied late in Las Vegas last night, but you're still here at 9 am, such energy!

I swear I'm not saying this to gain online popularity, but I truly believe this is more than just a conference.

This is not an ordinary conference, this is a movement. I'm proud to stand among you today.

Speech Theme

This movement will determine the future of cryptocurrency in the United States. Let's be clear: This future will be decided by you, not by unelected bureaucrats.

We assure every friend present here: We will not suppress you, will not obstruct you, and will not weaken your positive impact on the economy.

Stablecoin Policy and GENIUS Act

The second key policy: We are establishing a clear and scalable stablecoin regulatory framework.

Special thanks to Sen. Cynthia Lummis, a steadfast supporter in Congress. She is pushing to pass the GENIUS Act, which will bring a critical breakthrough in stablecoin legislation.Many stablecoin projects have been forced to move overseas due to unclear US regulations. We hope to change this situation.

Stablecoins will not threaten the status of the US dollar - on the contrary, they will be a new engine for the dollar. Let me be clear: President Trump will sign this bill the moment it reaches his desk.

Mainstream Legislation

Third, we are developing a suitable and innovation-friendly regulatory system to truly integrate digital assets into the mainstream economic system.

I know many people are still worried that cryptocurrencies cannot be mainstream. We will change this perception.

What will truly lock in this process is legislation: a clear market structure bill that will ensure cryptocurrencies are not suppressed or marginalized in the next few decades.

If we do not take action now, the United States will lose leadership in this $30 trillion industry.

President Trump will not let this happen.

Closing Remarks and Three Recommendations

Time is almost up, but before I return to Washington, I want to leave you with three pieces of advice:

First, continue political engagement. Cryptocurrencies are digital, but we are not. If you ignore politics, politics will find you. You made your voice heard in 2024, and you must continue in 2026 and beyond.

Second, start thinking long-term. Bitcoin is a strategic asset for the United States. So we should consider: Should we double down on Bitcoin?

Third, pay attention to AI development. Although many right-wing tech leaders lean towards Bitcoin, and many left-wing tech leaders lean towards artificial intelligence, they are not two separate worlds. AI development will affect cryptocurrencies, and vice versa.

We need Bitcoin to have a voice in the AI conversation to protect innovation and freedom.

Closing

Our government promises you: I hope you will continue to support us and support this cause.

We need your help, guidance, and encouragement, and sometimes your pressure.

So enjoy this week, but also maintain the pressure.

We will work together to make great contributions to this industry, to financial freedom, and to the United States of America.

God bless you, and thank you for inviting me.