JD Vance says Trump offers first real support for crypto from White House, pledges allyship during campaign event
US Vice President JD Vance on Wednesday declared the Trump administration's full support for the cryptocurrency industry, telling a major blockchain event that digital assets now have a strong ally in the White House.
"I'm here today to say loud and clear, with President Trump, crypto finally has a champion and an ally in the White House," Vance said at the Bitcoin 2025 Conference in Las Vegas.
A long-time advocate for digital currencies, Vance holds between $250,000 and $500,000 in Bitcoin, according to an August 2024 financial disclosure.
"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," he said.
Vance offered few policy details but praised decentralized finance as a key innovation in the economy. He said the crypto industry provides an alternative to flawed economic strategies and acts as a hedge against "bad policy."
He also urged lawmakers to approve the GENIUS Act — short for Guiding and Establishing National Innovation for U.S. Stablecoins — which would create a regulatory framework for stablecoins, a form of digital currency tied to underlying assets like the US dollar.
"In this administration, we do not think that stablecoins threaten the integrity of the United States dollar, quite the opposite," he said. "In fact, we view them as a force multiplier of our economic might."
The Trump administration has increasingly embraced crypto-related initiatives, including proposals to ease regulatory oversight and explore a federal strategic reserve for Bitcoin. Vance's presence at the high-profile industry event was widely seen as an endorsement of the sector's long-term role in US economic policy.
