PULSE POINTS:
❓What Happened: Vice President J.D. Vance addressed the Bitcoin 2025 Conference in Las Vegas, Nevada, detailing the Trump administration’s efforts to integrate digital assets into the U.S. economy and reverse Biden-era anti-cryptocurrency regulations.
👥 Who’s Involved: Vice President J.D. Vance, President Donald J. Trump, American investors, retirees, and the digital asset and financial industries.
📍 Where & When: Vance’s address occurred on Wednesday, May 28, at the Bitcoin 2025 Conference in Las Vegas, Nevada.
💬 Key Quote: “I’m here today to say loud and clear, with President Trump, crypto finally has a champion and an ally in the White House,” the Vice President declared.
⚠️ Impact: The Trump administration’s move to roll back anti-crypto regulation could ease the way for the technology’s broader adoption and use in the American economy.
IN FULL:
Vice President J.D. Vance detailed the Trump administration’s aggressive deregulation of cryptocurrencies and associated technologies in an address at the Bitcoin 2025 Conference in Las Vegas, Nevada. Speaking before attendees, Vance announced that “there’s a new sheriff in town” before emphasizing that President Donald J. Trump’s America First agenda includes a comprehensive rollback of the former Biden government’s anti-cryptocurrency regulatory actions.
“But as you know, there’s a new sheriff in town, because after four years of mistreatment and outright hostility led by Democrat regulators, lawmakers in this country have a choice,” Vance said in Las Vegas on Wednesday, May 28. He continued: “Will we lead our nation into a future of financial sovereignty, of innovation, and of prosperity? Or will we let unelected bureaucrats and foreign competitors write the rules for us?”
“And I’m here today to say loud and clear, with President Trump, crypto finally has a champion and an ally in the White House,” the Vice President declared.
Notably, Vance’s speech coincided with a move by the Trump administration earlier on Wednesday to remove Biden-era regulations barring cryptocurrency as an asset in 401(k) retirement plans—a policy goal pushed for by many in the financial and digital assets industries.
“In our administration, we understand the full potential of the digital assets industry,” Vance said, adding: “Not just as an investment, not just as a flashy technology, but as a symbol and driver of personal liberty for all our citizens.”
Since his inauguration in January, President Trump has enacted a series of significant reforms that have cleared the way for the broader adoption and use of cryptocurrencies in the American economy. In March, Trump announced the establishment of a national Bitcoin reserve with the goal of retaining an estimated 200,000 Bitcoin, mainly sourced through cryptocurrency assets already seized by federal agencies in criminal proceedings.
WATCH:
After four years of mistreatment and outright hostility from Democrat regulators, there’s a new sheriff in town.
With President Trump, crypto finally has a champion and an ally in the White House. pic.twitter.com/WJPJJFUESX
— JD Vance (@JDVance) May 28, 2025