Bitcoin 2025 Vance's full speech: Bitcoin makes America great again

Compiled by: MetaEra

On May 28th, U.S. local time, U.S. Vice President Vance delivered a speech at the 2025 Bitcoin Conference, emphasizing that digital assets are a symbol and driving force of personal freedom. He announced that the Trump administration has ended its hostile policy towards cryptocurrencies, promoting stablecoin legalization and national strategic Bit reserves, and calling on the crypto community to continue participating in politics to shape America's innovative and free future. Below is a compilation of the speech content.

Key Speech Quotes

This is a movement that will determine the future of cryptocurrencies in the United States.

Who will decide the future? You will decide.

Let me be clear: from our government's perspective, stablecoins do not threaten the status of the U.S. dollar. On the contrary (it will enhance the dollar's status).

U.S. dollar-pegged stablecoins will become a multiplier of our economic strength.

So we should ask: Why? Why do our top competitors so strongly resist it?

Anything that happens with AI - whether good or bad - will affect the development of Bit.

What happens with Bit will also, in turn, affect the development path of AI.

Full Speech

It is a symbol and driving force of personal freedom for American citizens.

Each of you present is a pioneer of the digitalization of the American economy.

Therefore, we are doing something unusual in Washington:

We are seriously listening to your voices.

You are solving problems, expanding boundaries, and driving innovation,

You are bringing unprecedented transparency to the business world.

So you should equally receive:

Transparent, clear rules, and respect and support from the government,

Rather than interference and suppression from bureaucrats.

Having said that, we must take several substantive actions.

And the primary task is also the simplest and clearest:

Clean up the ruins left by the previous government.

From the first day we took office, this is what we have been doing.

Our government prioritizes: eliminating red tape, restrictive rules, and the "legal war" against the crypto industry.

We have ended the weaponization of regulation against the crypto industry.

In a word, Operation Chokepoint 2.0 is dead,

And it will never be revived under the Trump administration.

By the way, it is simply incredible that this would cause controversy.

Just think about it, destroying an industry with government regulatory power just because you disagree with their views - how could that be reasonable?

So, let this speech today serve as the obituary of Chokepoint 2.0.

This is the promise I make to each of you present:

This administration will never suppress your community or deny your contribution to the economy.

We refuse the Biden administration's approach of tormenting this industry with piecemeal enforcement.

We refuse the games of those so-called regulators.

Perhaps the most important thing we do for this community is:

We have fired Gary Gensler, and we will fire all those like him.

We are clear that people like Gensler, under the banner of "protecting consumers",

Are actually destroying all efforts to democratize finance.

But all of this is now over.

I am an American from a working-class family.

I have always believed that America is a country where anyone can become rich, regardless of their origin or education.

In the past few years, I cannot think of any field that better embodies this spirit than the digital asset industry.

Next is our second substantive work:

We are committed to establishing a clear, growth-supporting legal framework for stablecoins.

I know we have firm allies in Congress, such as Cynthia Lummis.

Is she here today? Or has she already gone home?

I was supposed to have dinner with Cynthia last night, we had an event, I was looking for her everywhere, asking "Where is she?"

Someone told me: "She has a dinner."

I said: "I am the Vice President! Unless she is having dinner with the President, Cynthia has no reason not to be here."

However, we all love Cynthia, she is indeed one of the most steadfast supporters of the crypto industry in Congress.

I know that under the leadership of Cynthia and other great legislators, Congress is working to pass an important bill, which is:

The Genius Act - to be sent to the President's desk as soon as possible.

This is a very important step.

Why?

Because in the past few years, the uncertainty of US regulation has forced too many stablecoin businesses overseas.

Someone told me yesterday:

"Bitcoin has survived so many headwinds in the past few years,

Wouldn't it be better if the government could provide some tailwind?"

This is exactly the goal of our government.

Once the Genius Act is passed, it will greatly promote the widespread use of stablecoins in the US as a digital payment system, serving millions of Americans.

It will also protect coin holders and bring more transparency to the market.

I want to emphasize one point especially:

In our administration's view, stablecoins do not threaten the integrity of the US dollar.

On the contrary:

We believe stablecoins are multipliers of American economic strength.

Dollar-pegged stablecoins - especially after the Genius Act is passed - will only enhance the American economy and the international status of the US dollar.

So we are confident that the Senate will quickly push forward a clear version of the Genius Act,

And we hope the House of Representatives will follow suit.

And once the bill reaches the President's desk,

President Trump will sign it into law at the first opportunity.

After completing this step, the government will fully advance our third priority:

Develop a transparent, tailor-made, innovation-supporting digital asset regulatory framework,

To truly integrate cryptocurrencies into the mainstream economic system.

In the past few days, I have spoken with many of you.

Although everyone is excited about the achievements of the past few months, they have also expressed a continuing concern:

That is - cryptocurrencies are still not fully accepted in the mainstream economy.

To this, I solemnly promise you:

The reason we are pushing for policy reforms is to change all this.

We want all Americans to know:

Cryptocurrencies, digital assets, especially Bit, are already part of the mainstream economy and will continue to exist for a long time. [Applause]

We believe that from a legislative perspective, the most effective way is:

To introduce a market structure bill,

Which is not meant to limit the value of Bit and digital assets,

But to support their extraordinary potential.

Now, with the cooperation of this Congress and this administration,

We are facing an unprecedented opportunity

To improve the lives of thousands of Americans through innovation.

But if we do not establish a clear regulatory direction now,

We may hand over this $30 trillion industry to countries more friendly to crypto.

President Trump will do everything to prevent this from happening.

Just think:

If we lock in a set of smart, innovation-supporting policy rules today,

We can also prevent any party from launching a war against the crypto community in the future.

I know I have already gone overtime, but before returning to Washington,

Please allow me to give you three more suggestions or directions for thought, sharing my observations about this industry.

This is just the view of a political figure,

Whether it's worth a Bit, you can judge for yourselves.

First point:

I still remember when I first ran for Senate in 2022,

I was one of the few candidates at the time who actually held Bit. I still hold a lot of Bit today.

Just think, that was 2021 and 2022.

Although it feels like it has been a lifetime ago, it was actually only four years ago.

At that time, like many Bit supporters,

I saw the regulatory disaster of the Biden administration and Gary Gensler.

But what frustrated me was:

At that time, the entire crypto industry had almost no political organization to resist them.

What I want to say is:

The reason I can stand here today,

Bernie Moreno could defeat Sherrod Brown in the Senate election,

Is because you stood up and began to participate in American politics.

I thank you for your participation.

But please learn a lesson from this experience:

If you do not participate in politics,

Politics will ignore you, and even harm you.

You have taken an important step in 2024.

But I want to remind you: every victory is a temporary victory.

A good friend of mine in Silicon Valley once said to me:

"The Bit community believes in 'exiting the system', the AI community believes in 'changing the system'."

What I see is that in 2024, many friends in the crypto community chose to "change the system".

You chose to speak up and participate in politics.

I believe you have changed the trajectory of the country.

But you must continue to choose to speak up.

Bit is called "digital gold".

But Bit is digital, and you are not.

What happens in politics and bureaucracy,

Even the most valuable and disruptive technologies,

If we make the wrong decisions today, will not be spared from impact.

So my first advice to you is:

Carry the momentum of your political participation in 2024

All the way to 2026 and even further into the future.

Do not ignore politics.

Because I promise you:

Politics will never ignore this community.

The second suggestion:

We must think about the future role of Bit from a strategic level.

Now, about 50 million Americans hold Bit,

Many people have become rich because of this, creating their own wealth, which is a good thing.

But I think the next stage of Bit is:

To become a national strategic asset for the United States in the next decade.

This is why - under the push of President Trump,

and with the help of our excellent AI advisor David Sacks,

we established the Bitcoin Reserve.

We want to promote this and make Bit a strategic tool for the US government.

Whether Bit can truly integrate into national strategy must be a two-way dialogue.

This is why I constantly emphasize: you must participate in politics.

You must continue to provide feedback to us, telling us how Bit can contribute to the long-term strategic development of the United States.

I know the Bitcoin Policy Institute is researching this direction,

But each of you should be part of this conversation.

Because none of us want to wake up in 10 years and find that the country has become poorer and less free due to today's wrong decisions.

We will make the right decisions,

But the premise is - you must participate in these decisions.

So, the third suggestion:

You may have heard a saying:

"Cryptocurrency is essentially a conservative or right-wing technology, while AI is essentially a left-wing or authoritarian technology."

I admit that this statement is somewhat generalized, but there is some truth to it.

I have not been involved in the daily operations of tech companies for four years since entering politics.

But I noticed a phenomenon:

Many smart right-wing tech talents are attracted to Bit,

While many smart left-wing tech talents are dedicated to AI.

This is of course a rough classification, but it reveals a cultural tendency.

What I want to remind everyone is:

The development of AI will inevitably affect Bit;

And the fate of Bit will also in turn affect AI.

So, although this is a Bit conference,

And we are all proud of the achievements of the Bit community over the past 10 years,

But my final suggestion is:

You must pay attention to the progress in the AI field and actively participate in it.

I do not want the development of AI to have a negative impact on Bit.

More importantly:

I do not want the development of AI to have a negative impact on US national interests.

The best way to ensure that smart, visionary people participate in this AI dialogue is:

Let the Bit community also become part of the AI dialogue.

Our current government has promised to do this.

I also hope you can join us in this effort.

Lastly, I want to say:

In the coming years, we have done a lot for this industry, but we have even more ambitious plans.

For this industry, and for the Americans who depend on it, we need everyone to:

Provide help, offer opinions, stay focused,

And apply political pressure when needed.

So enjoy the conference this week.

But also continue to speak up, continue to apply pressure, and we will achieve great things together:

Not just for this industry,

But for personal freedom and the future of the United States of America.

God bless you,

Thank you for letting me be here.