7 important Bitcoin and crypto messages from US Vice President Vance

U.S. Vice President JD Vance took the stage on the second day of the Bitcoin 2025 conference in Las Vegas and gave an important speech. In his relatively long speech, Vance gave important messages to Bitcoin investors, the US's plans for Bitcoin and cryptocurrencies, and regulators.

Vance, who stated that cryptocurrency has already increased the wealth of tens of millions of American citizens, said, "I believe that approximately 50 million Americans own Bitcoin, and I am of the opinion that this number will soon reach 100 million."

"Crypto is a hedge against inflation"

Vance also mentioned that cryptocurrency benefits many individuals who do not have access to banking, and that blockchain technology is used in many areas, from supply chain management to hospitals. The vice president also stated that cryptocurrency serves as insurance against both poor policy decisions in Washington and inflation, as well as the private sector that "increasingly excludes consumers due to their beliefs and political views." In continuation of his remarks, Vance spoke about "elites who seize new technologies and use them as tools of control" and emphasized that cryptocurrency also serves as insurance against them. Vance suggested that Bitcoin will never turn into such a control mechanism, stating, "You will also ensure that this does not happen."

"There is a true friend and supporter of crypto in the White House"

The vice president expressed in later parts of his speech that the Biden administration harbors an open hostility towards crypto. "Today, I am saying loud and clear here... Together with President Trump, there is finally a true friend and supporter of crypto in the White House!" Vance emphasized that they are aware of the full potential of this sector. Vance stated, "We see crypto not just as an investment tool, but also as a symbol and driving force of our citizens' individual freedoms. We are determined to bring this valley to life."

“We will continue to remove people like Gary Gensler”

Vance, who stated that they have been working to clean up the damage left by the Biden administration since day one of taking office, said, "We prioritize ending the rules, bureaucratic obstacles, and legal attacks that our predecessors imposed against crypto. We say 'No' to the effort to silence the crypto community by using the power of the state. We will never strike this community. We reject the approach of the Biden administration. We will continue to remove anyone who thinks like Gary Gensler."

"We see stablecoins not as a threat, but as a multiplier that will increase the power of the dollar"

Vance also said that Congress, led by U.S. Senator Cynthia Lummis, is working hard to pass a bill called GENIUS, which regulates stablecoins, as soon as possible and submit it to Trump for his signature. "When the GENIUS bill goes into effect, the use of stablecoins as a digital payment system for millions of Americans will be greatly expanded. At the same time, coin holders will be protected, and there will be more transparency in the market. We don't see stablecoins as a threat to the U.S. dollar. On the contrary, we see stablecoins as a multiplier that will increase the strength of the American economy and the dollar. Once GENIUS is approved, dollar-pegged stablecoins will contribute to the U.S. economy and the dollar."

"We want to make Bitcoin a part of the main economy"

Vance explained that after the enactment of the GENIUS bill, his next objectives are to create a transparent and innovation-friendly regulatory framework for digital assets, thereby fully integrating crypto into the mainstream economy. The Vice President stated, "We want U.S. citizens to see that crypto, digital assets, and especially Bitcoin, are part of the mainstream economy."

"If you do not actively participate in politics, they will ignore this sector"

Vance devoted the last part of his speech to some advice. The vice president first urged people involved in the crypto industry to actively participate in politics. "If you don't actively participate in politics, politics will ignore this industry," Vance said. You've taken a big step in 2024, you've raised your voice, but you have to keep going. Maintain your momentum in 2024 and sustain it in 2026 and beyond. Don't ignore politics," he said.

Vance also stated that Bitcoin will become an asset of strategic importance for the U.S. over the next decade.

"If our biggest rival, communist China, is opposing Bitcoin, maybe America should embrace Bitcoin even more. We will do exactly that."

Artificial Intelligence Warning for Bitcoin

Finally, Vance stated that what is happening in the field of artificial intelligence will affect Bitcoin either positively or negatively, saying, "Do not ignore the developments in artificial intelligence. I do not want Bitcoin to be negatively affected by artificial intelligence, and most importantly, I do not want America to be negatively affected by artificial intelligence. Bitcoin also needs to be a part of the discussions related to artificial intelligence. As management, we are behind you. You should also stand with us on this matter."

Published: May 28, 2025 21:22