Bitcoin will be ‘strategically important’ for us, says JD Vance

Vice President JD Vance spoke on the Bitcoin 2025 Conference in Las Vegas on Wednesday, headliner of the event less than a year after President Donald Trump was in Bitcoin 2024 in Nashville for a crowd of Bitcoin supporters.

In the main stage of the conference, named after pseudonymous Bitcoin maker Satoshi NakamotoThe VP is open by thanking the overcrowded crowd of Bitcoin supporters and wider BTC community for helping him and Trump “from candidacy to the White House”.

Vance used the rest of his time to reassure the community of digital assets of his interest and reminds the crowd that it finally has a ‘champion and an ally in the White House’.

“In our administration we understand the full potential of the digital assets industry – not only as an investment, not only as a flashy technology, but as a symbol and the engine of personal freedom for all our citizens,” Vance said. “We are committed to see that promise fulfilled.”

According to the VP, that was potentially hindered by the Biden administration, a point that made it clear several times during his keynote address, which indicates the first substantive step to fulfill Cryptos’s promise by cleaning up the mess before Trump takes on.

“We have to clean up the wreck that the last administration has left us, and since day one that’s exactly what we are trying to do,” he said. “We have given priority to eliminating the rules, bureaucracy and the Lawfare that we saw aimed at crypto by our predecessors.”

Vance added that “perhaps the most important thing we have done for this community – we reject regulators and we have fired Gary Gensler, and we will dismiss everyone like him.”

Former SEC chairman Gary Gensler was not fired, although Trump had made threats on the campaign track last year. Instead, Gensler said last November – after Trump’s election profit – that he would do that Resign from the inauguration dayJanuary 20.

VANCE added that the following two substantive steps to support the crypto industry a clear legal framework for pro-growth for stablecoins create a special mention of the Genius Act– A transparent and tailor -made regulatory framework for digital assets.

“The consistent fear that I hear is that there is still this perception that digital assets are not welcomed in the regular economy,” Vance said. “Let me promise that our efforts to change the policy is purely about changing that. We want our fellow Americans to know that crypto and digital assets – and in particular Bitcoin – are part of the regular economy and are here to stay.”

The VP’s speech was not filled with flashy promises such as that President Trump shared in his time at the conference phase on the campaign track last year, so that he was ultimately good Promise to set up a strategic Bitcoin reserveAmong other things, crypto-friendly items, after they have been chosen.

Nevertheless, VANCE ensured that the importance of Crypto repeated for a record-breaking Bitcoin conference.

“Crypto is a hedge against poor policy from Washington, regardless of which party has control,” said Vance. “It is a hedge against enveloping inflation that has eroded the real savings speed of Americans in the last four years. And as you all know well, it is a hedge against the private sector that is increasingly prepared to discriminate consumers based on their basic beliefs, including their politics.”

The political interdependence of the VP with crypto is not as huge as that of the president, but his connection with the ecosystem existed well before his time on the presidential ticket.

His bitcoin Properties in the Senate extend until 2021and in 2022, he spoke about censorshipnoted that the ascendency of crypto can be linked to losing access to banking based on a person’s political identity.

In 2023 he remained that message, Introduction of an account That would protect crypto companies, as well as arms manufacturers and energy companies, against intense legal pressure.

Now he is locked with Trump and the rest of a crypto-friendly administration Fixed regulatory obstacles For crypto companies while they are committed to a pronounced goal of becoming the world leader on crypto.

“Bitcoin is owned by around 50 million Americans. Many Americans have earned a lot of money and have created a lot of wealth for themselves, and that is great,” Vance said. “But I actually think that Bitcoin is going, the coming decade is a strategic possession for the United States.”

“We want to initiate the strategic importance of Bitcoin for the government of the United States,” he added.

Bitcoin has risen somewhat because Vance has recorded the stage, but the upper crypto activum has fallen by 2.4% in the last 24 hours and acts at $ 107,660.

Published by Andrew Hayward