Vice President JD Vance will speak at Bitcoin 2025 in Las Vegas on Wednesday, May 28th, 2025.
John Locker | AP
LAS VEGAS – Vice President JD Vance used his stage position at the biggest Bitcoin conference of the year to drive the Trump administration’s efforts on stable laws and tout potential benefits to the US economy.
“I don’t think that in this administration stubcoin will threaten the integrity of the US dollar. It’s quite the opposite,” Vance said in his keynote speech at Bitcoin 2025 in Las Vegas on Wednesday. “We see them as multipliers of the forces of our potential economics.”
A few months after the success of the less than a year-old White House campaign, which was heavily funded by the crypto industry and then Donald Trump spoke at Bitcoin 2024 in Nashville, Tennessee, Vance reiterated the message that the Trump Vance administration is clearly pursuing a procrypted agenda.
When Republicans try to pass on the Genius Act, a bill regulating digital assets, Stablecoins, which are usually designed to have stable value against non-cryptic assets (usually US dollars), is a big topic at the moment. The law, which launched a key procedural vote in the Senate last week with support from 15 Democrats, could still face a difficult battle in the House.
President Trump’s top crypto and AI advisor David Sachs told CNBC last week that he’s been trending with over $200 billion of stupid, unregulated products, with the legal framework “the demand from our Treasury can actually give demand overnight.”
Democrats have previously rejected genius over concerns that President Trump’s personal cryptocurrency venture, including his own meme coins and stupid coins from his family’s crypto business, have led to an unprecedented conflict of interest.
Vance didn’t address the issue from the Venetian stage on Wednesday, but joked that he wasn’t just praising the crowd for “juicing his own meme coins.” Rather, he focused on the value in justifying stablecoins.
“The stubcoins, where dollars are imposed, especially when geniuses are enacted, will only help the American economy,” Vance said. “And that just helps the US dollar.”
The event in Las Vegas is expected to attract 35,000 participants. In addition to using this opportunity to promote Stablecoin law, Vance praised the administration’s efforts to roll back the creation and regulations of strategic Bitcoin reserves.
Vance revealed he owns “a fair amount of Bitcoin today,” and he shot former SEC chairman Gary Gensler, who became a regular punching bag for many lawmakers and crypto executives.
“We fired Gary Gensler, and we fired everyone like him,” Vance said.
Prior to Vance’s keynote, the Labor Department rescinded its 2022 guidance that discouraged cryptocurrency investments in retirement plans. Labor Secretary Lori Chavez Deremar said that trustees, not bureaucrats, should decide whether the code belongs to the 401(k) plan.
“The Biden administration has put their thumbs on scale,” Chavez Deremar said in a press release.
Rollbacks are part of a broader effort to strengthen digital assets. Banks can detain crypto after the repeal of the major accounting rules known as SAB 121. The Federal Deposit Insurance Corporation and the Currency Secretary also cancelled their anti-crypto guidance, and the Federal Reserve was partially tracked.
Watch: Vance Headlines Bitcoin Conference
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