At the Bitcoin 2025 Conference, the Vice President highlighted the importance of the stablecoin bill, also known as the GENIUS Act. He stated that the current administration does not see stablecoins as a threat to the dollar, but rather as a force multiplier for the dominance of the dollar.
He also assured that Donald Trump will sign the stablecoin bill once it reaches his desk. This coincided with the Vice President's statement that the cryptocurrency industry has an ally in the current President of the United States.
The GENIUS Act has moved to the amendment process following last week's vote. The Senate will now deliberate it, after which the bill could move to the U.S. House of Representatives if the senators vote in favor of its enactment.
JD Vance continued commenting on Operation Chokepoint 2.0, stating that it is dead and will never return under the Trump administration. He assured that they will fire all anti-cryptocurrency regulators, just like former SEC chairman Gary Gensler.
The Vice President continued talking about the Strategic Bitcoin Reserve. He revealed that this is part of their plans to dominate other countries in BTC and cryptocurrencies in general.
Vance commented that the current administration does not believe that BTC competes with the U.S. dollar, but rather that it will become a strategically important asset for the United States. He also noted that they want to lead the way while their adversary, China, opposes the flagship cryptocurrency.
JD Vance revealed that he still holds a considerable amount of Bitcoin. The Vice President had disclosed that he owned between $250,000 and $500,000 in Bitcoin before last year's U.S. presidential elections. Meanwhile, he predicted during his inaugural speech that the number of Americans with BTC would soon increase from 50 million to 100 million.
He stated that cryptocurrencies and digital assets, particularly Bitcoin, are part of the overall economy and are here to stay. In line with this, he urged everyone to own BTC if they want to be part of the near future. CoinGape recently reported that a historic shift has occurred, as now more U.S. residents own BTC compared to gold.
Finally, JD Vance addressed the relationship between Bitcoin and AI. He pointed out that both go hand in hand and urged players in the cryptocurrency industry to also take an interest in the AI sector so that its growth does not cause the price of BTC to drop.
