Speaking at the Bitcoin 2025 conference in Las Vegas, US Vice President JD Vance issued a clear and bold statement about cryptocurrencies, particularly Bitcoin.
Vance said the current administration would pursue a code-friendly line, but he vehemently criticised the financial regulators and policies of the previous era.
“We’ve removed Gary Gensler and say goodbye to someone like him,” Vance said.
“Cryptocurrency is a hedge against surge inflation that erodes savings, the private sector discriminates on the basis of faith and bad public policy,” Vance said, describing cryptocurrency as a hedge against Washington’s bad policies and high inflation.
Vance, who openly declared that the Trump administration is crypto-friendly, said, “Along with Trump, Crypto has allies and champions in the White House.” But he said “it’s over and isn’t back” of Operation Chalk Point 2.0, a regulatory crackdown that allegedly targeted the crypto community during the Biden era.
Vance added, “This administration will never try to shut down your community,” and addressed the crypto community directly.
JD Vance, who also said he owns Bitcoin, shared his personal investment by saying, “We still have a fair amount of Bitcoin today.” Vance also said he believes Bitcoin will play a bigger role in the US economy in the coming period, predicting that “100 million Americans will soon own Bitcoin.”
Vance also criticized China’s policy of leaving Bitcoin in China’s speech, saying, “If communist China is away from Bitcoin, the US should move in the opposite direction. That’s exactly what we’re trying to do.”
Conclusion of his speech with his vision that Bitcoin has strategic importance to America, the Vice President said, “Bitcoin will become a strategic asset for the United States over the next decade.”
*This is not investment advice.
