Scoop: JD Vance says Bitcoin strategic reserve act is coming soon originally appeared on TheStreet.
In a Roundtable interview at Bitcoin 2025 conference, Sam Kazemian, founder of Frax Finance, shared insights from his private meeting with Vice President JD Vance on stablecoin regulation.
Kazemian told TheStreet Roundtable that Vance conveyed his commitment to fostering innovation in the American economy.
“Vice President is deeply committed to bringing innovation to the American economy and promoting American entrepreneurs,” Kazemian said, quoting Vance’s message. He added that the Stablecoin Act in the House and its Senate counterpart “are common sense bills” designed to provide nonpartisan regulatory stepping stones.
Admin’s roadmap via JD Vance
According to Kazemian, Vance emphasized that stablecoin legislation is only the first phase. “Everything builds up individually on each individual thing. So after stablecoins comes market structure,” Kazemian said, relaying Vance’s view.
This next phase will clarify rules around tokens, NFTs and real-world asset tokenization. Vance also outlined the administration’s plan for the Bitcoin Reserve Act to “enshrine legislatively the Bitcoin Reserve of the United States,” ensuring long-term support for Bitcoin within federal policy.
Kazemian noted that Vance confirmed the administration’s enthusiasm.
“The vice president and the administration have a plan and they’re very, very committed to executing it.” He said Vance made clear that “the crypto, Bitcoin and stablecoin industry is very, very supportive of the administration because they understand this.”
The $20 trillion opportunity
When TheStreet Roundtable pressed on how Frax USD is preparing for new rules, Kazemian explained that Vance had reviewed the bills’ language and agreed that Frax USD already “meets the wording of these bills as they stand.” Under the soon-to-be-enacted legislation, the U.S. government could designate Frax USD as legal tender. “The issuer of the U.S. dollar could point to your asset and say, this is legally a U.S. dollar,” Kazemian said, paraphrasing the vice president’s summary.
Banks, he added, view “payment stablecoins as the 20 trillion opportunity,” referring to M1 supply in the U.S. economy. “These banks know that M1 money is going to be digitized as compliance stablecoins,” Kazemian said. He believes Frax USD is “fully compliant and slated to be a legal digital dollar,” positioning it to be among the first payment stablecoins adopted by large banks once the legislation passes.
Kazemian concluded that Vance’s private remarks confirmed a bipartisan belief that stablecoin clarity will bring “efficiency to markets” and benefit “all market participants.”
Story ContinuesScoop: JD Vance says Bitcoin strategic reserve act is coming soon first appeared on TheStreet on Jun 3, 2025
This story was originally reported by TheStreet on Jun 3, 2025, where it first appeared.
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Scoop: JD Vance says Bitcoin strategic reserve act is coming soon
Scoop: JD Vance says Bitcoin strategic reserve act is coming soon originally appeared on TheStreet.
In a Roundtable interview at Bitcoin 2025 conference, Sam Kazemian, founder of Frax Finance, shared insights from his private meeting with Vice President JD Vance on stablecoin regulation.
Kazemian told TheStreet Roundtable that Vance conveyed his commitment to fostering innovation in the American economy.
“Vice President is deeply committed to bringing innovation to the American economy and promoting American entrepreneurs,” Kazemian said, quoting Vance’s message. He added that the Stablecoin Act in the House and its Senate counterpart “are common sense bills” designed to provide nonpartisan regulatory stepping stones.
Admin’s roadmap via JD Vance
According to Kazemian, Vance emphasized that stablecoin legislation is only the first phase. “Everything builds up individually on each individual thing. So after stablecoins comes market structure,” Kazemian said, relaying Vance’s view.
This next phase will clarify rules around tokens, NFTs and real-world asset tokenization. Vance also outlined the administration’s plan for the Bitcoin Reserve Act to “enshrine legislatively the Bitcoin Reserve of the United States,” ensuring long-term support for Bitcoin within federal policy.
Kazemian noted that Vance confirmed the administration’s enthusiasm.
“The vice president and the administration have a plan and they’re very, very committed to executing it.” He said Vance made clear that “the crypto, Bitcoin and stablecoin industry is very, very supportive of the administration because they understand this.”
The $20 trillion opportunity
When TheStreet Roundtable pressed on how Frax USD is preparing for new rules, Kazemian explained that Vance had reviewed the bills’ language and agreed that Frax USD already “meets the wording of these bills as they stand.” Under the soon-to-be-enacted legislation, the U.S. government could designate Frax USD as legal tender. “The issuer of the U.S. dollar could point to your asset and say, this is legally a U.S. dollar,” Kazemian said, paraphrasing the vice president’s summary.
Banks, he added, view “payment stablecoins as the 20 trillion opportunity,” referring to M1 supply in the U.S. economy. “These banks know that M1 money is going to be digitized as compliance stablecoins,” Kazemian said. He believes Frax USD is “fully compliant and slated to be a legal digital dollar,” positioning it to be among the first payment stablecoins adopted by large banks once the legislation passes.
Kazemian concluded that Vance’s private remarks confirmed a bipartisan belief that stablecoin clarity will bring “efficiency to markets” and benefit “all market participants.”
Story ContinuesScoop: JD Vance says Bitcoin strategic reserve act is coming soon first appeared on TheStreet on Jun 3, 2025
This story was originally reported by TheStreet on Jun 3, 2025, where it first appeared.
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