VP JD Vance keynotes Bitcoin 2025, backs GENIUS Act to regulate stablecoins, boosting crypto’s role in the US economy.
At the Bitcoin 2025 Conference, US Vice President JD Vance held a highly anticipated discussion on several critical topics. The VP discussed the Stablecoin bill, Operation Chokepoint, and the Strategic Bitcoin Reserve, which he noted are components of the country’s strategy to dominate other countries, including China.
JD Vance Discusses the Stablecoin Bill, Chokepoint, and Bitcoin Reserve
The GENIUS Act, also known as the stablecoin measure, was emphasized by the vice president at the Bitcoin 2025 Conference. He stated that the current administration does not perceive stablecoins as a threat to the dollar but rather as a force multiplier for the dollar’s dominance.
He also confirmed that Donald Trump will sign the stablecoin bill upon its arrival at his desk. The VP also stated that the crypto industry has an ally in the current US president.
Following a vote last week, the GENIUS Act has progressed to the amendment procedure, as previously reported. The Senate will now deliberate on the measure, and if the senators vote to make it law, it could then be sent to the US House.
JD Vance remarked on Operation Chokepoint 2.0, stating that it is obsolete and will not be revived under the Trump administration. He guaranteed that all anti-crypto regulators would be terminated, similar to the actions of former SEC Chair Gary Gensler.
Following this, the vice president discussed the Strategic Bitcoin Reserve. He disclosed that this is a component of their strategy to establish a monopoly in other countries’ BTC and cryptocurrency markets.
Vance stated that the current administration does not believe that BTC competes with the US dollar but instead that it will become a “strategically important asset” for the US. He also observed that they aspire to be at the forefront of the industry even though their “adversary,” China, is opposed to the premier cryptocurrency.
Senator Cynthia Lummis disclosed that the Senate will deliberate on the “BITCOIN” Act next week during a panel discussion on Day 1 of the conference. The United States will be able to acquire 1 million Bitcoin (BTC) over the next five years if the measure is passed.
The Relationship Between AI and Cryptocurrency and Bitcoin Ownership
JD Vance disclosed that he continues to possess a substantial quantity of Bitcoin. Before the 2016 US presidential election, the vice president admitted possessing between $250,000 and $500,000 in Bitcoin. In the interim, during his keynote address, he foresaw that the number of Americans who possess Bitcoin (BTC) would shortly increase from 50 million to 100 million.
He maintained that Bitcoin and other digital assets, including crypto, are a permanent fixture in the conventional economy. He encouraged all individuals to acquire some BTC to participate in the immediate future. It was recently reported that there has been a historical transition, with more US residents owning BTC than Gold.
Finally, JD Vance addressed the connection between AI and Bitcoin. He observed that the two are inextricably linked and encouraged crypto industry stakeholders to demonstrate an interest in the AI sector to prevent the latter’s expansion from precipitating BTC’s decline.
