#US Vice President JD Vance took the stage and made an important speech on the second day of the #bitcoin 2025 conference held in Las Vegas.
In his relatively long speech, Vance gave important messages to Bitcoin investors, the US's plans for Bitcoin and cryptocurrencies, and regulators.
Stating that crypto has already increased the welfare of tens of millions of American citizens, Vance said, "I think about 50 million Americans own Bitcoin, and I think that number will soon reach 100 million."
"Crypto is an insurance against inflation"
Vance also mentioned that crypto benefits many people who do not have access to banking, and that blockchain technology is used in many areas from supply chain management to hospitals. The vice president also stated that crypto is an insurance against both bad policy decisions in Washington, inflation, and the private sector, which "is increasingly excluding consumers because of their beliefs and political views." Vance continued his words by mentioning “the elites who seize new technologies and use them as a means of control” and emphasized that crypto also serves as an insurance against them. Vance, who claimed that Bitcoin would never become such a control mechanism, said, “You will ensure that this does not happen.”
“Crypto has a true friend and supporter in the White House”
The vice president expressed in the later parts of his speech that the Biden administration was openly hostile to crypto. “I am saying it loud and clear here today… With President Trump, crypto finally has a true friend and supporter in the White House!” Vance said, emphasizing that they are aware of the full potential of this sector. Vance said, “We see crypto not only as an investment vehicle, but also as a symbol and driving force of our citizens’ individual freedoms. We are determined to bring this opportunity to life.”
“We will continue to remove people like Gary Gensler”
Stating that they have been trying to clean up the damage left by the Biden administration since the first day they took office, Vance said, “We prioritize ending the rules, bureaucratic obstacles and legal attacks that our predecessors imposed on crypto.
We say ‘No’ to the effort to silence the crypto community by using the power of the state. We will never strike a blow to this community. We reject the Biden administration’s approach. We will continue to remove anyone who thinks like Gary Gensler.”
“We see stablecoins not as a threat, but as a multiplier that will increase the strength of the dollar”
Vance also said that Congress is working hard to pass the GENIUS bill, which regulates stablecoins, under the leadership of US Senator Cynthia Lummis, as soon as possible and present it to Trump for his signature. The vice president said, “When the GENIUS bill is enacted, stablecoins will become widely used as a digital payment system for millions of Americans.
At the same time, coin holders will be protected and there will be greater transparency in the market. We do not see stablecoins as a threat to the US dollar. On the contrary, we see stablecoins as a multiplier that will increase the strength of the US economy and the dollar. When GENIUS is approved, stablecoins pegged to the dollar will contribute to the US economy and the dollar.”
“We want to make Bitcoin part of the mainstream economy”
Vance explained that their next goal after the GENIUS bill is enacted is to create a clear regulatory framework for digital assets that is transparent and pro-innovation, thus fully integrating crypto into the mainstream economy. The vice president said, “We want US citizens to see that crypto and digital assets, and especially Bitcoin, are part of the mainstream economy.”
“If you do not actively participate in politics, they will ignore this sector”
Vance devoted the last part of his speech to some advice. The vice president first called on people in the crypto sector to actively participate in politics. Vance said, “If you do not actively participate in politics, politics will ignore this sector. You took a big step in 2024, you raised your voice, but you need to continue. Maintain your momentum in 2024, continue it in 2026 and beyond. Do not ignore politics.”
Vance also noted that Bitcoin will become an asset of strategic importance for the United States in the next decade, saying:
“If our biggest rival, communist China, opposes Bitcoin, perhaps America should embrace Bitcoin more. That is exactly what we will do.”