Vance at the Venetian
JD Vance, the Vice President of the United States, urged cryptocurrency investors to stay engaged in US politics during a speech at the Bitcoin 2025 Conference in Las Vegas.
Vance mentioned that the Trump administration was poised to pass supportive crypto legislation, but emphasized the need to keep pressure on congress to ensure the bills’ passage.
a once-in-a-generation opportunity to unleash innovation”
In his keynote at the Venetian hotel, Vance expressed: “We have a once-in-a-generation opportunity to unleash innovation and use it to improve the lives of countless American citizens, but if we fail to create regulatory clarity now, we risk chasing this $3 trillion industry offshore in search of a friendly jurisdiction.”
Stablecoins given support
The Trump administration aligned closely with the crypto industry before securing the 2024 election. Trump addressed the previous Bitcoin 2024 Conference in Nashville during his presidential campaign, promising to make the US the “crypto capital of the planet.”
Several prominent figures in the crypto industry have been major supporters of Trump, including Gemini exchange co-founders Cameron and Tyler Winkelvoss, whom Vance praised.
“You chose to speak up and you chose to get involved and I believe you changed the direct trajectory of our country because of it,” the VP stated.
Vance highlighted the potential for cryptocurrencies to protect people from poor legislation, aggressive regulators, and elites. Comparing the US’ position with China’s anti-crypto stance, Vance also mentioned government plans to push for new legislation supporting stablecoins, seeing them as beneficial for the economy.
“In this administration, we do not think that stablecoins threaten the integrity of the US dollar. Quite the opposite. We view them as a force multiplier of our economic might.”
Family gathering
Vance was joined by President Trump’s sons, Donald Jr and Eric, at the conference.
Outside the crypto world, Trump and his family have faced criticism for their closeness to investors in the space and efforts to profit from launching tokens. The president recently participated in a dinner open to the ten largest holders of his own coin, introduced in January this year.
Trump family also holds around 60% stake in World Liberty Financial
Recently, Trump’s media company announced raising $2.5 billion to buy bitcoin, further supporting the industry. The Trump family also holds a 60% stake in World Liberty Financial, which recently announced a new stablecoin backed by U.S. treasuries.
- SCCG Management. The Gambling Industry’s Global Connector. Access Here.
- Source: SCCGManagement.com