‘Crypto Finally Has a Champion in the White House’: JD Vance [WATCH]

Vice President JD Vance addressed the Bitcoin 2025 Conference in Las Vegas on Wednesday, emphasizing the Trump administration’s commitment to supporting cryptocurrency and digital asset innovation. His appearance marked the first time a sitting vice president has spoken at the annual event.

During his speech, Vance contrasted the current administration’s approach with what he described as four years of regulatory hostility from the previous administration under Joe Biden.

He credited President Donald Trump with reversing course and making the United States more welcoming to the digital asset industry.

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“There’s a new sheriff in town because, after four years of mistreatment and outright hostility led by Democrat regulators, lawmakers in this country have a choice,” Vance said.

“Will we lead our nation into a future of financial sovereignty, of innovation and of prosperity, or will we let unelected bureaucrats and foreign competitors write the rules for us?”

Vance declared that the Trump administration views cryptocurrency not only as a technological advancement but also as a tool for advancing individual freedom.

“I’m here today to say loud and clear: with President Trump, crypto finally has a champion and an ally in the White House,” he told attendees.

“And our administration, we understand the full potential of the digital assets industry, not just as an investment, not just as a flashy technology, but as a symbol and driver of personal liberty for all our citizens.”

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He also referenced what critics have called “Operation Choke Point 2.0,” a term used by cryptocurrency advocates to describe regulatory pressure on financial institutions involved in digital asset transactions.

Vance made it clear that under the current administration, that type of regulatory strategy would no longer be tolerated.

“Operation Choke Point 2.0 is dead, and it’s not coming back,” he stated.

Vance went on to describe the role of cryptocurrencies like bitcoin as an important safeguard in an era where digital technologies can be used to exert control rather than promote innovation.

“I see crypto as a hedge against the most dangerous trends in the digital era, and both the public and private sectors,” Vance said.

“And that’s of elites who, rather than innovate themselves, prefer to simply take over and co-opt cutting-edge technologies to assert their control over other people.”

The vice president also called for swift congressional action on the GENIUS Act, bipartisan legislation designed to establish regulatory guidelines for stablecoins—digital assets tied to fiat currencies or commodities to reduce volatility.

“We’re optimistic that the Senate is able to move quickly on passing a clean GENIUS Act and for the House to follow up and do the same,” Vance said.

“And of course, once that happens, our great President Trump will sign it into law the minute it comes across his desk.”

The Bitcoin 2025 Conference featured speakers from across the financial and technology sectors, and Vance’s appearance was seen as a clear signal of the administration’s alignment with the digital asset community.

The Trump administration has publicly embraced digital currencies in recent months, with the president launching his own memecoin and signaling plans to incorporate cryptocurrency into broader economic policy.

Vance’s remarks reinforced the administration’s message that it intends to support innovation in financial technology while opposing regulatory frameworks that hinder its growth.

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