Las Vegas, Nevada creation of a clear and pro-innovation regulatory framework for the crypto industry via a market structure bill is a priority for US President Donald Trump’s administration, Vice President JD Vance said Wednesday.
Vance said to a massive audience on Bitcoin 2025 in Las Vegas that a regulatory framework is needed to fully incorporate cryptocurrency into the ordinary US economy as well as to prevent future governments from rolling back Trump administration’s crypto-friendly policy.
“I hope our party is responsible for a long time, but nothing is ever guaranteed in politics. So the best way to make sure crypto is part of the mainstream economy is through a market structure bill that masters and does not limit the extraordinary value that Bitcoin and other digital assets represent,” Vance said at the event, which organizes they said. “We have a one-time-in-a-generation opportunity to loosen innovation and use it to improve the lives of countless American citizens, but if we do not create legislative clarity now, we risk chasing this $ 3 trillion offshore in search of a friendlier jurisdiction, and President Trump goes to fight to make sure it doesn’t happen.”
Vance said the Trump administration is hopeful that brilliant law, the Senate’s stablecoin proposal, will soon hit the president’s desk, giving Congress the opportunity to draw attention to a market structure bill.
He also said the administration continues to work to “clean up the wreck that [Biden] Administration left us, “including the so-called” regulation by enforcement “approach to crypto, practiced by the US Securities and Exchange Commission (SEC) under the then President Gary Gensler, and the widespread degradation of crypto companies, called by industry as Operation Chokepoint 2.0.
“Operation Chokepoint 2.0 is dead and it won’t come back under the Trump administration,” Vance said. “We reject the bite -the inheritance of the administration of a thousand enforcement actions … We fired Gary Gensler, and we will shoot everyone like him,” he added, although Gensler withdrew the day Trump was sworn in
Vance thanked the crypto industry, including Gemini’s Tyler and Cameron Winklevoss and Coinbase, for their early support for Trump’s campaign that attributes some of its success-so as well as the successful choice of other crypto-friendly politicians as late. Bernie Moreno (R-Ohio)-to Crypto Industry’s political support.
“Take the momentum for your political commitment in 2024 and before that until 2026 and over,” Vancer said.
In addition to calling on the industry to remain involved in American politics, Vancce asked Bitcoiners to remain up -to -date with developments in artificial intelligence (AI).
“Remember that what happens in AI will greatly affect, in good and bad ways, what happens to Bitcoin, and of course, what happens to Bitcoin will greatly affect what is happening in AI,” said Vance, adding:
“Make sure you keep an eye on and stay involved in what happens in artificial intelligence. I don’t want America to be adversely affected by what’s happening in AI and the best way to make sure smart people are in the AI conversation is to ensure Bitcoin is part of the artificial intelligence interview.”
