Cryptocurrency Gains Support in the Trump Administration: Vice President Vance at Bitcoin 2025 Conference
Las Vegas, NV – At the Bitcoin 2025 Conference on Wednesday, Vice President JD Vance declared that the Trump administration is a staunch advocate for cryptocurrency, affirming that digital assets like bitcoin are an integral part of the mainstream economy. Speaking to an enthusiastic crowd at The Venetian Resort in Las Vegas, Vance emphasized that the emergence of cryptocurrency has found a supportive ally in the White House.
“Crypto finally has a champion and an ally in the White House,” Vance stated, declaring the administration’s commitment to promoting the growing cryptocurrency sector. His remarks echo the sentiments of President Donald Trump, who previously headlined the same annual conference while campaigning for re-election.
Cryptocurrency and the Economy
During his keynote address, Vance expressed confidence in the future of cryptocurrency in the United States. “We want our fellow Americans to know that crypto and digital assets, and particularly bitcoin, are part of the mainstream economy and are here to stay,” he said. The Vice President added that the Trump administration does not consider stablecoins—digital currencies pegged to traditional assets like the U.S. dollar—as a threat to the economy, but rather as assets that enhance it.
“A stablecoin is a force multiplier for our economic might,” Vance told attendees, reassuring them of the administration’s supportive stance towards these digital assets.
The Importance of Advocacy
Vance also urged those involved in the cryptocurrency space to engage actively in political advocacy. He highlighted the significant impact that financial support for cryptocurrency-friendly candidates had during the 2024 general election. According to Vance, approximately $200 million was funneled toward candidates who championed crypto interests, leading to notable victories including that of Senator Bernie Moreno, who defeated incumbent Sherrod Brown in Ohio.
“Part of the reason that I’m standing here, part of the reason that Bernie Moreno defeated Sherrod Brown in the Senate campaign last year, is because you guys got organized and got involved in American politics,” Vance remarked. This win has subsequently reduced resistance towards crypto-friendly legislation, as Brown previously chaired the Senate Banking Committee.
Advocacy for Legislative Progress: The GENIUS Act
Vance discussed the proposed GENIUS Act, officially known as the Guiding and Establishing National Innovation in U.S. Stablecoins Act. He expressed optimism about the bill’s potential to gain approval in the Senate and to navigate through the House of Representatives effectively. The Vice President pointed out that significant amounts of investor capital are currently locked in unregulated stablecoins, with estimates suggesting a potential growth into trillions if a clear legal framework is established.
Trump’s lead crypto adviser, David Sacks, recently highlighted that U.S. investors currently hold over $200 billion in unregulated stablecoins—a figure that could dramatically increase with regulatory clarity.
Conclusion
As the cryptocurrency industry continues to evolve, the support from the Trump administration, as articulated by Vice President JD Vance, marks a pivotal moment for advocates and stakeholders in the digital asset space. With encouragement to engage politically and the introduction of legislative initiatives like the GENIUS Act, the administration is signaling its intention to solidify the United States’ position within the thriving global cryptocurrency market.
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