There’s a new sheriff in town—or at least that’s how Vice President JD Vance framed it from the main stage at Bitcoin 2025 in Las Vegas. In a packed ballroom at The Venetian, the Republican VP laid out the clearest message yet from the Trump administration: the days of what he called “regulatory harassment” are over.
“Operation Choke Point 2.0 is dead,” Vance announced to roaring applause. “Let my words serve as its obituary.”
Vice President JD Vance Delivers Remarks at Bitcoin 2025 Conference at Las Vegas, NV https://t.co/m2IIVUS1j4
— Vice President JD Vance (@VP) May 28, 2025
JD Vance became the first U.S. vice president to address a crypto-focused crowd—and used the platform to rip into SEC overreach, elevate blockchain to national priority status, and make it clear: the White House is backing Bitcoin, not backing off.
“We reject regulators, and we fired Gary Gensler,” he said, hammering the very agency that’s spent the last four years tangling with Coinbase, Ripple, Uniswap, and just about every major protocol with a legal team.
JD Vance Bitcoin Pushes GENESIS Act, Signals Trump Administration’s Full Embrace of Crypto
Vance framed crypto as the backbone of a new economic agenda. From supply chains to digital transparency, he highlighted blockchain’s expanding reach. But the sharpest moment came when he cited Canada’s financial crackdown during the trucker protests as a warning of centralized control. “Crypto is good for bad policy,” he said, “regardless of who’s in power.”
But perhaps the most significant takeaway was the push for the GENESIS Act, new legislation aimed at defining digital asset protections and freeing up crypto innovation across the U.S.
“We’re trying to get the GENESIS Act passed and pushed as fast as possible,” Vance said.
Whether Vance’s support translates into lasting policy remains to be seen. There’s no denying crypto played a powerful role in the 2024 election, and his appearance felt as much about political calculus as conviction.
If the money keeps flowing, expect Republicans to keep showing up.
EXPLORE: XRP Price Jumps 11% After SEC Crypto Unit Tease XRP ETF Progress
Join The 99Bitcoins News Discord Here For The Latest Market Updates
Key Takeaways
- Meta is cautiously stepping back into the crypto space, and SUI crypto might be a top candidate
- Meta is once again exploring the realm of digital currencies, this time with a focus on stablecoins.
Why you can trust 99Bitcoins
Established in 2013, 99Bitcoin’s team members have been crypto experts since Bitcoin’s Early days.
Weekly Research
100k+Monthly readers
Expert contributors
2000+Crypto Projects Reviewed
