JD Vance: Trump Administration a “Champion” for Crypto

During a keynote speech at a major Bitcoin conference in Las Vegas, U.S. Vice President JD Vance declared that the cryptocurrency industry now has a strong supporter in President Donald Trump. Vance emphasized that the administration aims to halt what he called the regulatory “weaponization” that has targeted the crypto sector in recent years.

He highlighted the administration’s plan to foster a pro-growth regulatory environment for stablecoins—digital tokens pegged to stable assets like the U.S. dollar, which are designed to minimize price volatility.

Vance’s comments came shortly after Trump Media & Technology Group—operator of the social media platform Truth Social—announced it intends to raise $2.5 billion to help build a “Bitcoin treasury.” The company also stated that cryptocurrency would form a central pillar of its financial strategy.

In addition to policy changes, Trump himself has been actively engaging with the digital asset space. Just last week, he hosted a dinner at his golf club near Washington, D.C., attended by hundreds of investors in his newly launched crypto memecoin. While the event was well-received by attendees, it drew criticism from Democratic rivals and protestors who claimed it blurred ethical lines between business interests and presidential power.

Vance criticized previous regulatory approaches, especially under former Securities and Exchange Commission (SEC) Chair Gary Gensler. He pointed to Gensler’s lawsuits against major crypto platforms like Coinbase, Binance, and Kraken as examples of excessive enforcement.

“We’re moving toward a regulatory structure that embraces innovation and fully integrates crypto assets into the U.S. economy,” Vance said. “Our message is clear: Bitcoin and digital currencies are not fringe—they are part of our economic future.”

Trump’s sons, Donald Jr. and Eric Trump, were also scheduled to appear at the Las Vegas event, reflecting the broader family’s growing involvement in digital finance. Their expanding crypto portfolio reportedly includes investments in platforms such as Binance, whose founder is currently seeking a presidential pardon to return to U.S. markets.

Meanwhile, on Capitol Hill, lawmakers have made progress on a key piece of legislation: the GENIUS Act. This bill outlines a comprehensive framework for regulating stablecoins and has recently passed a crucial procedural vote, signaling bipartisan interest in establishing clearer rules for digital assets.

With strong backing from the executive branch, growing legislative momentum, and an increasingly mainstream presence, cryptocurrency may be poised for a significant shift in the American financial landscape.