In a fiery and unapologetically pro-crypto speech at the Bitcoin Conference in Las Vegas, U.S. Vice President JD Vance declared an end to regulatory hostility toward digital assets.
He reaffirmed the administration’s full support for crypto, particularly Bitcoin. Speaking to an audience of developers, investors, and industry leaders, Vance emphasized a new era of cooperation between Washington and the crypto world under the Trump administration.
“Crypto Finally Has a Champion in the White House”
First, Vance expressed gratitude to prominent figures in the crypto ecosystem, including the Winklevoss twins and event organizer David Bailey. He credited them with helping shift the political winds in favor of Bitcoin, particularly in tech-forward communities like Silicon Valley.
“Crypto finally has a champion and an ally in the White House,” Vance proclaimed, drawing a contrast with the previous administration’s approach. He went on to announce a sweeping rejection of earlier regulatory enforcement tactics targeting the crypto space.
“We Fired Gary Gensler…”
Specifically, Vance asserted that Operation Chokepoint 2.0 is dead and will not return under the Trump administration. He proudly declared that they had fired former SEC Chair Gary Gensler, who tendered his resignation on the same day as the Trump administration’s inauguration.
Vance emphasized that Gensler, notorious for his hostility toward crypto, would not be the last of his kind to face such consequences. “We’re going to fire everyone like him,” he declared to loud applause.
“The game they played under the pretense of consumer protection was to attack every single effort to democratize our financial markets. That is over,” Vance said.
The vice president framed the Trump administration’s ongoing actions as part of a campaign to dismantle regulatory overreach and “end the weaponization of federal regulations against the crypto community.”
Indeed, this campaign is becoming effective. Several federal agencies, including the FED, have rolled back previous restrictions on crypto engagement.
“Bitcoin Is Here to Stay”
Vance also laid out a multi-step policy agenda to provide the crypto industry with clarity and support. One of his major highlights was the GENIUS Act, a bill to establish a legal framework for stablecoins. The bill has gained bipartisan support and is currently awaiting a full Senate vote, with strong optimism for its passage.
Beyond stablecoins, Vance stated that the administration wants Americans to know that crypto, especially Bitcoin, is now a part of the mainstream economy and is here to stay. This affirms the administration’s long-term commitment to integrating digital currencies into the broader financial system.
🇺🇸 Vice President Vance:
"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." pic.twitter.com/o9314zMYyg— Bitcoin Archive (@BTC_Archive) May 28, 2025
In his closing remarks, Vance urged the crypto community to maintain political momentum beyond 2024. He warned that the industry’s future depends on continued civic involvement.
“Don’t ignore politics, because I guarantee you politics is not going to ignore this community,” he said. “Not now, and not in the future.”
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
