Vice President JD Vance delivered a bold message to crypto investors and policymakers during a high-profile Bitcoin conference in Las Vegas this week: stablecoins and Bitcoin do not threaten the U.S. dollar—and the Trump administration is ready to work with the digital asset industry.
Vance’s remarks, made Wednesday during a packed keynote session, mark a significant escalation in Republican efforts to embrace cryptocurrency as a pillar of the new economy.
It also reflects the growing influence of crypto lobbyists within the inner circles of power as Donald Trump’s administration pushes toward a second term in the White House.
Vance: Bitcoin and Stablecoins Are Compatible With the Dollar
Vance said during his address that stablecoins—cryptocurrencies tied to the value of traditional fiat currencies like the dollar—should not be seen as a threat to America’s financial dominance.
“Stablecoins are pegged to the U.S. dollar,” Vance told the crowd. “Why would a technology that increases the reach of the dollar be considered a danger to it?”
He went on to praise Bitcoin as a critical innovation that embodies decentralized freedom, calling it “an important hedge” for Americans concerned about long-term monetary inflation and global financial instability.
Watch Vice President Vance’s full keynote at Bitcoin 2025
Key Moments From Vance’s Crypto Speech🔵 Defended stablecoins as tools for dollar proliferation, not competition🟠 Framed Bitcoin as a “hedge against fiscal irresponsibility”🔴 Criticized central bank digital currencies (CBDCs) as tools for government overreach⚪ Positioned crypto innovation as central to America’s tech leadership
Vance’s rhetoric echoed similar pro-crypto comments made by Donald Trump in recent campaign appearances, further solidifying the administration’s pivot toward digital assets.
Trump’s Evolving Crypto Stance
Formerly skeptical of Bitcoin, Trump has reversed his tone in recent months. At recent rallies and interviews, Trump has called Bitcoin “freedom money” and suggested the U.S. must “lead, not follow” in crypto innovation.
Trump’s campaign is now accepting Bitcoin donations through the Lightning Network, and administration officials have met multiple times with leaders from Coinbase, Gemini, and Block.
Vance’s appearance in Las Vegas comes just days after the Trump team revealed plans to consult crypto advisors on blockchain-based payment infrastructure and potential tax reform aimed at digital assets.
Crypto’s Growing Political Clout
The event, attended by thousands of developers, investors, and regulators, served as a snapshot of crypto’s growing mainstream appeal—and its deepening relationship with GOP politics.
Industry insiders say the Vance-Trump crypto strategy could become a key wedge issue in 2025 and beyond, especially as Democrats remain divided on regulation, taxation, and environmental concerns related to Bitcoin mining.
Why It Matters🇺🇸 Crypto policy is becoming a defining issue in the Trump 2024 platform💵 Stablecoins may play a critical role in global dollar distribution🗳️ Voters increasingly see crypto as tied to broader debates on freedom, finance, and technologyWhat’s Next?
A Trump-Vance administration could signal:
Deregulation of crypto marketsClarity for stablecoin issuers like Circle and PaxosAn end to SEC crackdowns on exchangesFavorable tax treatment for crypto holdings and mining
With JD Vance positioning himself as a top surrogate for crypto policy and Trump leaning into Bitcoin’s populist appeal, Bitcoin could be set for a massive price boost in the coming months.
For more coverage of the intersection of cryptocurrency and U.S. politics, follow our updates here.
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