Vice President JD Vance spoke to a packed crowd at the Bitcoin 2025 Conference in Las Vegas.
He said that the Biden era of digital assets crackdown is over, and the Trump administration is all in on Bitcoin, stablecoins and blockchain.
In an inspiring speech on May 28, JD Vance said:
“This isn’t a gathering of people—it’s a movement. And I’m proud to stand with you today.”
The annual Bitcoin Conference, one of the biggest events in the Bitcoin world, drew thousands of investors, industry leaders and policymakers.
Vance’s speech was the main event and made it clear that digital assets are now a priority for the White House.
Vance outlined three main goals for the administration’s digital asset policy:
- End anti-digital-asset regulations
- Pass stablecoin legislation through the GENIUS Act
- Create clear and friendly rules for the Bitcoin industry
He blamed past regulations for holding back innovation and said that era is over.
“Under the guise of ‘consumer protection,’ Gary Gensler attacked every attempt to democratize finance,” Vance said. “That ends now.”
Gensler stepped down in January and Trump has since appointed Paul Atkins to lead the agency with a more Bitcoin-friendly approach.
“Maybe the most important thing that we did for this community, we reject regulators and we fired Gary Gensler,” Vance added. “And we’re going to fire everybody like him.”
Much of Vance’s speech at Bitcoin 2025 focused on stablecoins – digital assets tied to the U.S. dollar. He called them a tool to grow the economy, not a threat.
“Let me be emphatic—this administration does not think that stablecoins threaten the integrity of the United States dollar. Quite the opposite. We view them as a force multiplier of our economic might,” he said.
The GENIUS Act, recently passed in the House, would regulate stablecoins by setting reserve requirements and transparency.
According to Vance, it would bring stablecoin activity back to the U.S. while protecting consumers.
JD Vance said millions of Americans already own bitcoin and that number will double soon.
“I believe it’s 50 million Americans own bitcoin, and I believe that’s going to be 100 million before too long,” he said.
He also talked about his personal history with Bitcoin.
“The first time I’d ever enter politics, back in 2022 … one of the frustrations I had with the crypto community … was [being] one of the only people running for office who actually owned bitcoin,” he said.
“and I still own a fair amount of bitcoin today.”
He celebrated bitcoin’s recent price surge and thanked companies like Coinbase for organizing the conference.
He thanked Bitcoin advocates like David Bailey and the Winklevoss twins for their support during the 2024 Trump campaign.
One of the best lines of the speech was when JD Vance declared an end to what the Bitcoin community has called “Operation Chokepoint 2.0”.
It’s a term used to describe what many saw as government efforts to cut off Bitcoin companies from banking services.
“Operation Chokepoint 2.0 is dead, and it’s not coming back under the Trump administration,” he said.
He framed the battle over Bitcoin adoption as not just about finance but also about civil liberties.
“Crypto is a hedge—against bad policymaking, against inflation, and against discrimination,” he said.
He referenced Canadian truckers and “debanking” incidents in the U.S. as examples of how digital assets can protect from government and corporate overreach.
The Vice President warned that regulatory clarity is needed now, or else, the $3 trillion digital asset industry will move overseas.
“If we fail to create regulatory clarity now, we risk chasing this $3 trillion industry offshore in search of a friendlier jurisdiction,” he said. “President Trump is going to fight to make sure that does not happen.”
He ended with a call to action for the Bitcoin community to stay involved in politics.
“If you don’t get involved in politics, politics will ignore you,” he said. “Let’s not wake up 10 years from now in a poorer, weaker country because we made bad decisions today.”
Vance’s speech at Bitcoin 2025 was a big moment of alignment between the United States government and the Bitcoin industry.
With new laws, friendlier regulators and the White House on board, it’s clear that Bitcoin is now on the national agenda.
As he said: “Crypto finally has a champion and an ally in the White House.”
