JD Vance: "Crypto finally has a champion" in the White House

Vice President JD Vance on Wednesday touted the Trump administration's ties with the cryptocurrency industry  — a once-fringe business that President Trump and his allies have embraced in recent months.$BNB

"I'm here today to say loud and clear, with President Trump, crypto finally has a champion and an ally in the White House," Vance told the Bitcoin 2025 $BTC Conference in Las Vegas.

The Trump administration has leaned into cryptocurrency, looking to ease regulations, promote growth in the industry, and bring it into the mainstream. A longstanding backer of cryptocurrencies, Vance owned between $250,000 and $500,000 worth of Bitcoin, according to an August 2024 financial disclosure. "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," Vance said Wednesday.  Vance said it's been a while since he's been to a conference with "this level of energy," adding, "but I promise I'm not just saying that to juice my own memecoins." Vance gave few policy specifics in his speech. But he insisted that, through decentralized finance, crypto has "transformed" how Americans make transactions and acts as a "hedge" against bad policy. 

"Crypto is a hedge against bad policymaking from Washington, no matter what party's in control," he said. "It's a hedge against skyrocketing inflation, which has eroded the real savings rates of Americans over the last four years. And as you all know well, it's a hedge against a private sector that's increasingly willing to discriminate against consumers on the basis of their basic beliefs, including their politics."  $WCT

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