Trump administration embraces pro-crypto shift with bold policy agenda at Bitcoin 2025

Vice President JD Vance calls for regulatory overhaul, national Bitcoin reserve, and stablecoin legislation in landmark speech to industry leaders.

29 May 2025

Bitcoin conference 2025
  • VP JD Vance confirms deepening White House support for crypto, promising to dismantle anti-crypto regulation.

  • Trump administration is pushing a strategic Bitcoin reserve as a hedge against China and inflation.

  • Legislative priorities include a crypto market structure bill and stablecoin regulation under the GENIUS Act.

Administration signals break from past hostility toward crypto

In a sweeping address at the Bitcoin 2025 conference in Las Vegas, Vice President JD Vance laid out the Trump administration’s most comprehensive and overtly pro-crypto agenda to date. With a mix of policy declarations, ideological positioning, and strategic vision, Vance’s remarks offered perhaps the clearest indication yet that digital assets are becoming a central pillar of Republican economic thinking.

Vance’s tone was defiant as he declared the administration’s intention to purge regulators opposed to crypto innovation, framing the firing of former SEC Chair Gary Gensler as “only the beginning.” He accused prior regulatory regimes of conducting “death by a thousand enforcement actions” and proclaimed the end of what he called “Operation Chokepoint 2.0.”

“We fired Gary Gensler, and we’re going to fire everybody like him,” Vance said to thunderous applause, vowing the administration would continue rejecting “regulators who punish innovation.”

Bitcoin reserve framed as geopolitical counter to China

Vance revealed new details surrounding the administration’s controversial executive order to establish a national Bitcoin reserve. Framing the move as both an economic hedge and a geopolitical play, he argued that opposition to Bitcoin from China’s Communist Party should serve as a strategic signal to U.S. policymakers.

“If China fears Bitcoin, perhaps we should consider embracing it,” he suggested, describing digital assets as a form of defense against both inflation and authoritarianism.

The vice president also linked Bitcoin to domestic concerns, including financial discrimination and the erosion of civil liberties. He referenced past debanking of political groups and Canada’s crackdown on trucker protests as examples of why decentralized financial systems are necessary.

Legislative agenda: Market structure, stablecoins, and dollar dominance

Vance emphasized that policy changes would not rely solely on executive orders. “We need smart, pro-innovation rules of the road,” he said, outlining the administration’s intention to pass comprehensive crypto market structure legislation.

At the top of the legislative agenda is the GENIUS Act, a bill that aims to provide regulatory clarity for stablecoins. Vance dismissed concerns that stablecoins might weaken the dollar, instead arguing they would strengthen its global role. “Dollar-pegged stablecoins will help the American economy and help the American dollar,” he said.

He warned that failure to act swiftly could drive the $3 trillion crypto industry offshore, squandering what he called “a once-in-a-generation opportunity.”

Crypto and AI: The policy intersection of the future

Vance also addressed the increasingly intertwined futures of cryptocurrency and artificial intelligence. “What happens in AI will affect Bitcoin, and vice versa,” he said, urging the crypto community to stay active in AI policymaking. The vice president stressed that both technologies represent a new frontier of freedom and innovation — one that must be defended legislatively and culturally.

He encouraged attendees not to view crypto policy as a niche concern, but as central to the broader digital economy.

A political movement, not just an industry

Vance acknowledged the political force the crypto community wielded in the 2024 elections, highlighting Senate victories and an energized voter base. But he also warned against complacency: “Politics will not ignore this community,” he said. “So don’t ignore politics.”

The vice president predicted that the number of Bitcoin holders in the U.S. would soon double to 100 million, and celebrated the industry's role in democratizing financial access across sectors from healthcare to logistics.

Capping off his remarks, Vance touted the administration’s early accomplishments — including a White House Crypto Summit, a Cryptocurrency Working Group, and the executive orders on Bitcoin reserves — while calling for deeper industry collaboration moving forward.

“We’re going to need your help. We’re going to need your guidance. And yes, we’re going to need your pressure,” he concluded.