In Nashville on Wednesday, US Vice President JD Vance spoke at a bitcoin conference and urged the crypto world to stay plugged into politics.
He said the industry must back lawmakers who promise clear rules. He warned that without action, the $3 trillion industry could leave the country. Vance spoke with a mix of urgency and optimism. His goal was to rally support for a Washington‐friendly approach to rules.
Vance Warns Of Offshore Risk
According to Vance, “If we fail to create regulatory clarity now, we risk chasing this $3 trillion industry offshore in search of a friendly jurisdiction.” He pointed out that firms have already started to look abroad for clearer rules. He did not name any specific companies. He made it clear that the current window is rare and fast‐closing.
Crypto’s Political Clout On Display
Based on reports, crypto heavyweights played a big role in last year’s election. Vance singled out Cameron and Tyler Winklevoss of Gemini for their campaign giving. He said their efforts helped elect pro‐crypto lawmakers. He praised how quickly the industry organized. He also thanked conference attendees for their own donations. It showed just how much clout crypto now has in US politics.
Trump Administration’s Crypto Moves
Vance highlighted steps taken since US President Donald Trump took office. He noted the creation of a strategic bitcoin reserve funded by Treasury‐forfeited coins. He mentioned the pardon of Ross Ulbricht, who founded Silk Road, as a sign of a softer stance. He said regulators have paused some enforcement actions against big crypto firms, and argued those moves have sent a signal that America wants this business.
Trump Family’s Stakes And Stablecoin Push
The Trump family holds about 60% of World Liberty Financial, which just launched its own stablecoin. Based on reports, that stablecoin ties its value to the US dollar. He said stablecoins could grow fast under a clear federal framework. Vance pointed to Senate action earlier this month on a bill to regulate those coins. He urged lawmakers to pass it quickly.
New Ventures And Big Bets
Vance also mentioned that the Trump media company is raising $2.5 billion to buy bitcoin. He noted that both the president and first lady have minted their own meme coins. Eric and Don Jr., he said, are teaming up with a firm to start a crypto mining business, adding that the family’s moves show confidence in digital assets.
Featured image from Unsplash, chart from TradingView
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