Compiled by: Deng Tong, Jinse Finance
US Vice President JD Vance attended the Bitcoin 2025 Conference and delivered a keynote speech. In his speech, Vance encouraged crypto practitioners to participate in policy-making, praised Trump's attitude towards crypto, and disclosed his own crypto assets...
Encouraging Crypto Practitioners to Participate in Politics
Vice President JD Vance expressed appreciation for the cryptocurrency industry at the Bitcoin 2025 Conference and urged it to continue being active in US politics and policy-making, emphasizing the close connection between the Trump administration and this financially powerful industry that has become a strong force in Washington.
He urged crypto executives and enthusiasts to continue pressuring Congress to pass White House-supported legislation supporting cryptocurrencies.
Vance praised the cryptocurrency industry's ability to organize and influence US politics during last year's election, particularly commending Gemini's billionaire founders Cameron and Tyler Winklevoss.
Vance said: "You chose to speak up, chose to get involved, and I believe you changed the trajectory of our country as a result."
Vice President JD Vance delivering a keynote speech at the Bitcoin 2025 Conference in Las Vegas, Nevada.
Cryptocurrency is Changing America
Vance described cryptocurrency as a "truly bottom-up innovation" that has improved the "welfare of millions of fellow citizens". Vance stated in his speech: "We have a once-in-a-generation opportunity to unleash innovation and use it to improve the lives of countless American citizens. But if we do not establish a clear regulatory framework now, we risk driving this $3 trillion industry overseas to find a friendly jurisdiction."
Bitcoin will become a strategically significant asset for the United States in the next decade.
Vance praised cryptocurrency as a hedge against Washington's poor policy-making, a hedge against inflation, and a hedge against "the private sector's increasing willingness to discriminate against consumers based on their fundamental beliefs (including political views)". He cited examples of people who had their bank accounts "canceled" for "supporting the Second Amendment or being associated with the first Trump administration". This can help conservative populists protect themselves from bad politicians, overly aggressive regulators, and unethical elites. He predicted that cryptocurrencies will continue to integrate into the financial mainstream and stated that it is strategically important for the US to become a global leader in the industry.
Praising Trump's Fulfillment of Promises to the Crypto Industry
Vance described Bitcoin as a "movement" and promised that the Trump administration would promote the development of digital assets rather than weaponizing federal regulations against them. "I am here today to declare loud and clear: Under President Trump, cryptocurrencies finally have advocates and allies in the White House."
Vance believed it was necessary to establish a regulatory framework to fully integrate cryptocurrencies into the US mainstream economy and prevent future governments from revoking the crypto-friendly policies of the Trump administration.
"I hope our party can govern long-term, but nothing is absolute in politics. Therefore, the best way to ensure cryptocurrencies become part of the mainstream economy is through a market structure bill that will support, not restrict, the extraordinary value represented by Bitcoin and other digital assets."
Vance also praised the Trump administration's record of fulfilling last year's campaign promises.
As president, Trump established strategic Bitcoin reserves for the federal government and pardoned Ross Ulbricht, the founder of the dark web site Silk Road, which was crucial to Bitcoin's early development. Trump also used outspoken crypto supporters to consolidate his government while suspending or halting multiple enforcement actions against large crypto companies.
Vance criticized the Biden administration's approach to crypto regulation, calling it "death by a thousand enforcement actions", and stated that Trump fired former SEC Chairman Gary Gensler, accusing Gensler of "attacking every effort to democratize our financial markets" under the guise of consumer protection. The Trump administration will continue to work to "clean up the mess left by the Biden administration". "'Stifling Operation 2.0' has failed and will not happen under the Trump administration."
Vance urged the passage of bipartisan legislation called the Guiding and Establishing National Innovation for Stablecoins Act (GENIUS), which he said would greatly expand the use of stablecoins as a digital payment system, protect stablecoin holders, and further improve market transparency.
"From the perspective of this administration, we do not believe stablecoins threaten the integrity of the US dollar," Vance said, "Quite the opposite."
Vance stated at the conference that he personally holds a "substantial amount" of Bitcoin, with disclosed assets valued between $250,000 and $500,000.
Vance Calls for Crypto Users to Focus on AI
Vance also called on crypto users to pay attention to AI development.
"Remember that what happens in the AI field will greatly impact Bitcoin, for better or worse, and of course, what happens with Bitcoin will also greatly impact AI." "I do not want the United States to be negatively affected by what is happening in the AI field, and the best way to ensure smart people are involved in the AI conversation is to ensure Bitcoin is part of the AI conversation."
Sources: Reuters, CoinDesk, CoinTelegraph, WDHN, Cleveland, etc.
