By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
IndebtaIndebta
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Notification Show More
Aa
IndebtaIndebta
Aa
  • Banking
  • Credit Cards
  • Loans
  • Dept Management
  • Mortgage
  • Markets
  • Investing
  • Small Business
  • Videos
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Follow US
Indebta > News > JD Vance touts bitcoin’s emergence and hails pro-Trump crypto investors
News

JD Vance touts bitcoin’s emergence and hails pro-Trump crypto investors

News Room
Last updated: 2025/05/28 at 2:44 PM
By News Room
Share
5 Min Read
SHARE

Unlock the White House Watch newsletter for free

Your guide to what Trump’s second term means for Washington, business and the world

JD Vance has hailed the arrival of cryptocurrencies into the US economy’s “mainstream”, vowed to establish “pro-innovation” rules for digital assets, and praised the crypto billionaires who backed Donald Trump’s White House bid last year.

Speaking to thousands of orange-clad bitcoin investors in Las Vegas on Wednesday, the US vice-president touted the emergence of crypto, and predicted that the number of Americans holding bitcoin would soon double.

“This is a movement — and I’m proud to stand with you here today,” said Vance from a stage named after Satoshi Nakamoto, the pseudonymous developer of bitcoin, in the Venetian hotel.

“We want our fellow Americans to know that crypto and digital assets, and particularly bitcoin, are part of the mainstream economy and are here to stay.”

Vance said that the Trump administration would swiftly enact a regulatory framework for tokens tied to the dollar. Its next priority would be to create a “transparent and tailored regulatory framework for digital assets — one that’s pro-innovation and fully incorporates crypto into the mainstream economy”.

The vice-president praised bitcoin investors for supporting Trump in the 2024 presidential race. He singled out billionaire donors Cameron and Tyler Winklevoss, co-founders of crypto platform Gemini, for winning over the Silicon Valley elites to Trump.

“Thanks in particular for what you did for me and the president, helping us get from candidacy to the White House,” he said to the bitcoin conference’s chair David Bailey.

The comments from the vice-president come just days after the Financial Times revealed that Trump’s own media group was planning to raise up to $3bn to buy cryptocurrencies. The group confirmed the move on Tuesday, on the eve of the conference in Nevada.

The Trump administration has delivered a series of victories for the crypto community, including naming tech entrepreneur and podcast host David Sacks as crypto and artificial intelligence tsar. He has also signed an executive order to create a strategic bitcoin reserve.

The price of bitcoin recently hit a new high above $111,000, but was trading slightly lower on Wednesday.

Vance said that he was among 50mn Americans who own bitcoin and predicted that the number would rise to 100mn “before too long”. The vice-president disclosed in 2023 that he owned up to $250,000 in bitcoin and said he still owned a “fair amount” of it.

Trump has already overseen a loosening of the federal government’s approach to regulation of digital assets.

The Securities and Exchange Commission has dropped, paused or reached agreements in more than a dozen cases and investigations, according to CoinDesk, and the Department of Justice disbanded its crypto enforcement team.

Vance touted cryptocurrency exchange Coinbase — a sponsor of the Las Vegas event — which the SEC sued in 2023, saying digital currencies were unregistered securities. The SEC dropped the lawsuit after Trump took office.

Vance’s remark over the replacement of Gary Gensler — former president Joe Biden’s SEC chief — drew the loudest applause.

“We’ve got to clean up the wreckage that the last administration left us,” said Vance. “And since day one, that is exactly what we’ve been trying to do.”

Some executives on the sidelines of the conference expressed concern about potential conflicts of interest in the Trump administration but overall were supportive, given what they said was the Biden administration’s “war” on crypto.

During the 2024 campaign, Trump promoted his sons’ company World Liberty Financial, which has since launched its own stablecoin. Before his inauguration, Trump and his wife Melania also launched their own memecoins that raised hundreds of millions of dollars. The president played host to some owners of his coin last week at his resort outside Washington.

Conference chair Bailey introduced Vance and praised the president, noting that 35,000 people had arrived for this year’s event — thousands more than at a gathering last year in Nashville, where Trump said he would make the US the world’s “bitcoin superpower”.

 “In 100 days, promises made, promises kept,” said Bailey.

Read the full article here

News Room May 28, 2025 May 28, 2025
Share this Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finance Weekly Newsletter

Join now for the latest news, tips, and analysis about personal finance, credit cards, dept management, and many more from our experts.
Join Now
Turkey to probe opposition leader for insulting Recep Tayyip Erdoğan

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects…

Trump’s ominous ICE security state

Unlock the White House Watch newsletter for freeYour guide to what Trump’s…

Investors pile into tokenised Treasury funds

Crypto companies and traders are pouring billions of dollars into tokenised versions…

Liechtenstein hit by Russia-linked ‘zombie trust’ crisis

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects…

BlackRock tried private credit once before. Will this time be better?

Seven years after BlackRock’s last big foray into private credit, last week…

- Advertisement -
Ad imageAd image

You Might Also Like

News

Turkey to probe opposition leader for insulting Recep Tayyip Erdoğan

By News Room
News

Trump’s ominous ICE security state

By News Room
News

Investors pile into tokenised Treasury funds

By News Room
News

Liechtenstein hit by Russia-linked ‘zombie trust’ crisis

By News Room
News

BlackRock tried private credit once before. Will this time be better?

By News Room
News

The global economy is suffering from the Rashomon effect

By News Room
News

Hong Kong listings pipeline hits record high as equity market booms

By News Room
News

Donald Trump calls Elon Musk a ‘train wreck’ as feud escalates over third party

By News Room
Facebook Twitter Pinterest Youtube Instagram
Company
  • Privacy Policy
  • Terms & Conditions
  • Press Release
  • Contact
  • Advertisement
More Info
  • Newsletter
  • Market Data
  • Credit Cards
  • Videos

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

I have read and agree to the terms & conditions
Join Community

2023 © Indepta.com. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?