LAS VEGAS, Nevada — Establishing a clear and pro-promoting regulatory framework for the crypto industry through market structure is a priority for US President Donald Trump’s administration, Vice President JD Vance said Wednesday.
Talking to the massive crowd at Bitcoin 2025 in Las Vegas, Vance said a regulatory framework is needed to fully incorporate cryptocurrencies into the US economy to prevent future governments from rewinding the Trump administration’s crypto-friendly policies.
“We hope our party is in charge for a long time, but politics doesn’t guarantee anything. So the best way to ensure that crypto is part of the mainstream economy is through a market structure bill that does not limit the extraordinary value that Bitcoin and other digital assets represent.” “We have a generation of opportunity to unlock innovation and use it to improve the lives of countless American citizens, but now if we fail to generate clarity of regulations, we will chase this $3 trillion industry for more familiar jurisdiction and President Trump will fight to make sure it doesn’t happen.”
Vance said the Trump administration hopes that the Senator’s Stubcoin bill, Genius Act, will soon hit the president’s desk and that Congress will turn his attention to the Market Structure bill.
He also said the administration continues to work to “cleanse the wreckage that the (Biden) administration has left us,” including the so-called “enforcement-based regulatory” approach to cryptography practiced by the U.S. Securities and Exchange Commission (SEC) under the then Chair Gary Gensler, and the extensive debanking of crypto companies that are ingrained as industrial and industrial as a professional industry.
“Operation Chalkpoint 2.0 is dead and has not returned to the Trump administration,” Vance said. “We reject the legacy of the Biden administration’s death with 1,000 enforcement measures… We fired Gary Gensler and we’re going to fire everyone like him,” he added.
Vance thanked the crypto industry, including Gemini Tyler and Cameron Winclevos and Coinbase, and thanked Trump for his early support of the campaign, and part of its success and successful elections of other encrypted politicians, such as Sen. Bernie Moreno (R-Ohio) for political support for the crypto industry.
“We’ll take the momentum of your political engagement in 2024 and move it forward from 2026 onwards,” Vance said.
In addition to encouraging the industry to engage in American politics, Vance asked Bitcoiner not to be late in developing artificial intelligence (AI).
“Remember, what happens with AI is in good ways and bad ways, and so on, so many things that affect what happens with Bitcoin and of course, what happens with Bitcoin has a huge impact on what happens with AI,” Vance added, adding:
“Look at what’s going on with artificial intelligence and make sure you’re still caught up in it. You don’t want America to be negatively affected by what’s going on with AI. And the best way to ensure that there are smart people in AI conversations is to ensure that Bitcoin is part of an AI conversation.”
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