Vance Encourages Crypto Industry to Influence Policy
Vice President JD Vance addressed attendees at the Bitcoin 2025 conference in Las Vegas, emphasizing the importance of the cryptocurrency industry’s involvement in U.S. politics. He highlighted the Trump administration’s commitment to fostering crypto innovation and warned that a lack of regulatory clarity could push the $3 trillion industry overseas.
Vance praised the industry’s mobilization during the last election, particularly acknowledging the efforts of Gemini founders Cameron and Tyler Winklevoss. He described cryptocurrency as a safeguard for conservative populists against overreaching regulators and emphasized its strategic importance in maintaining U.S. leadership in the global financial landscape.
Trump Administration’s Pro-Crypto Measures
Vance outlined several initiatives undertaken by the Trump administration to support the cryptocurrency sector. These include establishing a federal Bitcoin reserve and pardoning Ross Ulbricht, the founder of the Silk Road marketplace. The administration has also paused or reversed several enforcement actions against major crypto companies.
Additionally, the Trump family holds a significant stake in World Liberty Financial, a crypto project that recently launched its own stablecoin. The administration is advocating for the swift passage of a Senate bill to regulate stablecoins, aiming to provide a clear federal framework for this rapidly growing segment of the cryptocurrency market.
Industry’s Role in Shaping Crypto-Friendly Policies
Vance’s speech underscores the administration’s view of the cryptocurrency industry as a vital partner in shaping future financial policies. He urged industry leaders to continue their political engagement to ensure the development of a regulatory environment conducive to innovation. By maintaining active participation in the political process, the crypto industry can help solidify the U.S.’s position as a global leader in digital finance. Vance’s remarks reflect a broader strategy to integrate cryptocurrency into the mainstream financial system while safeguarding it from overregulation.
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