In a statement focusing on crypto in Las Vegas, Vice President JD Vance praised the crypto industry and called out officials in Washington.
Will we allow unelected bureaucrats and international competitors write the rules for us, or will we lead our country toward a prospect of financial independence, technology, and prosperity? At the Bitcoin 2025 event, Vince said. I’m here now to reaffirm unwaveringly that bitcoin now has a hero and ally in the White House with President Trump.
According to Vance, almost 50 million Americans currently own bitcoin, and they anticipate that number will soon surpass 100 million. He also referred to the Biden presidency and former SEC Chairman Gary Gensler as business foes, and he also pledged to flame another officials like Gensler.
” We reject authorities,” Vance remarked. ” We rejected officials, fired Gary Gensler, and we’re going to flame everyone like him,” Gary Gensler said.” Even the most important thing that we did for this group was that we did it.”
Vance continued with the warning that overregulation could lead to foreign funding and development in crypto.
” The individuals, by you, never by appointed officials, will decide the future,” he continued.
According to Vance, Bitcoin and other cryptocurrencies can serve as a defense against “bad policy from Washington,” while industry advocates are “digital pioneers of the British market.”
The Trump , Media &, Technology Group made announcements ahead of the statement that would allow them to secure approximately$ 2.5 billion in funding for cryptocurrency.
The organization behind President Donald Trump’s Truth Social system, TMTG, announced today that the investment may result in the creation of a bitcoin bank, which it hailed as one of the “largest Cryptocurrency treasury deals of any common company.”
Donald Jr. and Eric Trump, the two sons of Donald Jr. and Eric, were expected to join David Sacks, the president’s” crypto emperor,” at the cryptocurrency event. Trump himself delivered the keynote address at the event’s previous week’s edition.
Trump is urging in his second term to make the United States the” crypto capital of the world.” The government’s rivals assert, however, that the mayor’s businesses are profiting from pro-crypto White House practices, which have raised questions about morality violations, and that such behavior could result in conflicts of interest.
Democratic National Committee Chairman Ken Martin cited Donald Trump’s” just last week threw a luxurious dinner for foreign citizens and entrepreneurs funneling money into his bitcoin system to get benefits from the White House.” JD Vance is double down on the blockchain sleaze as Trump continues to rocket prices and his GOP continues to sabotage Americans ‘ care and food aid.
Vance is the first vice president to handle a conference on cryptocurrency. However, he presided over a political fundraiser for MAGA Inc. that required a$ 1 million donation to attend, according to the Washington Post.
He made it clear in his notes that he wants cryptocurrency supporters to be socially active, claiming that they contributed to both Sen. Bernie Moreno’s (R-OH) win over former Ohio senator Sherrod Brown.
Vance urged people to “don’t overlook politics, because I assure you, my friends, that politics will not overlook this community.”
Beyond a warning that violent regulation could devastate the U.S. industry, Vance especially praised the Senate’s pending GENIUS Act.
When the GENIUS Act is passed, Vance predicted that the use of cryptocurrencies as a online payment method for millions of our own Americans will increase significantly. Additionally, it may safeguard penny buyers and increase market clarity.
According to Vance, bitcoin supporters are more socially left-leaning than left-leaning individuals, with a preference for artificial intelligence. In light of this, he urged participants of the conference to also monitor AI.
” My last piece of advice is to make sure you’re monitoring and staying informed about what’s happening with artificial intelligence,” Vance said. Because I don’t need bitcoin to suffer any harm from what happens in AI, and I don’t want America to suffer any harm from what happens in AI, I say that’s because I don’t want it to be negatively impacted.
