Key Takeaways
- JD Vance declared that 100 million Americans will hold Bitcoin.
- He announced the end of anti-Bitcoin policies and backed the GENIUS Act for stablecoin regulation.
- The Trump administration now considers Bitcoin and stablecoins a national economic priority.
At the Bitcoin 2025 Conference in Las Vegas, U.S. Vice President JD Vance delivered a major policy speech declaring the end of anti-Bitcoin regulation and full support from the Trump administration.
Prioritizing digital assets
Speaking to thousands on May 28, Vance said the administration will prioritize digital assets, promising to “fire everybody like” former SEC Chair Gary Gensler.
Vance told attendees:
This isn’t a gathering of people—it’s a movement. And I’m proud to stand with you today.
Key policy goals
He laid out three key policy goals: end restrictive regulations, pass the GENIUS Act to regulate stablecoins, and create favorable rules for the Bitcoin sector.
The GENIUS Act sets reserve requirements and aims to bring stablecoin operations back to the U.S.
Stablecoins and economic strength
Vance was emphatic that stablecoins strengthen, not undermine, the U.S. dollar.
He said:
We view them as a force multiplier of our economic might.
Bitcoin ownership and future growth
On Bitcoin ownership, he claimed:
I believe it’s 50 million Americans own bitcoin, and I believe that’s going to be 100 million before too long.
Vance added he still personally holds Bitcoin, as he did during his 2022 Senate campaign.
Ending Operation Chokepoint 2.0
He also announced the end of “Operation Chokepoint 2.0,” referencing alleged efforts to deny banking to Bitcoin companies.
Vance declared:
It’s dead.
Bitcoin as a hedge against poor policy
Vance framed Bitcoin as a hedge against poor policy and financial discrimination.
He warned that without regulatory clarity, the $3 trillion digital asset industry could relocate overseas.
