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Vice President J.D. Vance declared the end of “Operation Chokepoint 2.0” and pledged unwavering support for digital assets during his address at the Bitcoin 2025 conference in Las Vegas.
Crypto ‘Is a Movement,’ Vance Tells Packed Bitcoin 2025 Crowd
Speaking before an energized crowd, J.D. Vance outlined the Trump administration’s crypto agenda, emphasizing deregulation, innovation, and political alignment with the bitcoin community. “This isn’t a gathering of people—it’s a movement,” Vance said. “And I’m proud to stand with you today.”
The vice president credited early crypto advocates—including David Bailey and the Winklevoss twins—for catalyzing Silicon Valley’s public support for the Trump campaign. “Cameron and Tyler Winklevoss helped break the dam in Silicon Valley,” he said, pointing to their early endorsement as a signal that shifted the political tide.
Vance announced three core digital asset policy goals: eliminating adversarial regulations, advancing stablecoin legislation via the GENESIS Act, and creating a clear market framework for all crypto assets and stablecoins. “Stablecoins don’t threaten the dollar—they amplify it,” he said, adding that the proposed GENESIS Act will bring stablecoin activity back onshore while reinforcing dollar strength.
“Under the guise of ‘consumer protection,’ [former SEC Chair] Gary Gensler attacked every attempt to democratize finance,” Vance said. “That ends now.” He confirmed Gensler’s dismissal and framed the move as part of a broader strategy to protect innovation from what he called “bureaucratic warfare.”
Highlighting crypto’s role in protecting civil liberties, Vance called digital assets a hedge against financial censorship and elite overreach. He cited the 2022 Canadian trucker protest and U.S. “debanking” incidents as proof points. “At its core, crypto is a hedge—against bad policymaking, against inflation, and against discrimination,” he said.
The vice president closed by urging political involvement from the crypto community, calling the industry “a national asset” and praising initiatives like the Bitcoin Reserve and the Bitcoin Policy Institute. “If you don’t get involved in politics, politics will ignore you,” he warned. “Let’s not wake up 10 years from now in a poorer, weaker country because we made bad decisions today.”