In a landmark address at the Bitcoin 2025 Conference in Las Vegas, Vice President JD Vance delivered a resoundingly pro-cryptocurrency speech that outlined the Trump administration’s supportive stance toward digital assets and blockchain technology.
A Bullish Outlook on Cryptocurrency
Speaking to a packed audience at the largest annual Bitcoin gathering, Vice President Vance expressed strong optimism about cryptocurrency’s future, describing it as “genuine, ground-up innovation” that is already making a positive impact on thousands of lives. His most striking prediction came when he stated that 100 million people would own Bitcoin “before not too long,” signaling confidence in the continued mainstream adoption of the world’s leading cryptocurrency.
Cryptocurrency as Financial Protection
Vance articulated a vision of cryptocurrency that extends beyond investment opportunities, framing it as a crucial hedge against multiple vulnerabilities in the traditional financial system. He specifically highlighted Bitcoin’s role as protection against:
• Poor policy decisions in Washington, regardless of which political party holds power
• Escalating inflation that erodes savings and purchasing power
• Discrimination by private sector entities based on consumers’ personal beliefs and political views
Regulatory Reform Promises
The Vice President took a firm stance against what he described as “weaponized regulators,” specifically mentioning the administration’s dismissal of former SEC Chair Gary Gensler. Vance pledged that the Trump administration would eliminate similar officials who, in his words, “under the pretense of consumer protection, attacked every single effort to democratize our financial markets”.
He also committed to ending “Operation Chokepoint 2.0,” a controversial regulatory initiative, and promised that the administration would not “try to handicap” the cryptocurrency community’s development and innovatio.
Administration’s Crypto Vision
The speech represented part of the Trump administration’s “bold vision for Bitcoin,” which includes ending regulatory hostility and promoting innovation in the digital asset space. Vance’s remarks align with the administration’s broader efforts to create a pro-crypto legal framework that supports both digital assets and personal financial freedom.
