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Vance urges crypto industry to stay involved in politics as he touts Trump administration's record

  • Vice President J.D. Vance spoke at the Bitcoin 2025 Conference in Las Vegas on May 28, 2025, urging the crypto industry to stay politically involved and praising the Trump administration's record.
  • Vance credited crypto supporters for aiding Trump's 2024 campaign and highlighted the need for pro-crypto legislation amid opposition from the prior Biden administration's regulations.
  • He emphasized the administration's efforts to pause enforcement actions and advance the GENIUS Act, which creates a federal stablecoin regulatory framework, aiming for swift congressional approval.
  • Vance highlighted the crypto sector's $3 trillion valuation and cautioned that without clear regulatory guidelines, the U.S. may lose this major market to other countries with more favorable regulations.
  • He urged continued engagement in politics and innovation regulation, asserting that with Trump as a crypto ally, digital assets are becoming integral to the mainstream U.S. economy.
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Benzinga broke the news in New York, United States on Wednesday, May 28, 2025.
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