In a significant display of support for the cryptocurrency industry, Vice President J.D. Vance spoke to an enthusiastic crowd of approximately 35,000 attendees at the Bitcoin 2025 conference held in Las Vegas. As the keynote speaker, he emphasized a clear message: digital currency is not just a fleeting trend; it is a cornerstone of personal liberty and economic innovation that is firmly here to stay.
Vance’s speech marked a pivotal moment for crypto enthusiasts and investors alike, as he outlined the Trump administration’s commitment to nurturing the crypto landscape. “Our administration prioritizes eliminating the rules, the red tape, and the lawfare that we saw aimed at crypto by our predecessors,” he stated, signaling a shift towards regulatory clarity and support for innovation in the space.
Part of this innovative momentum includes Vance’s endorsement of the GENIUS Act, a proposed piece of legislation designed to bolster innovation within the country while ensuring that the U.S. dollar maintains its pivotal role in the global economy. “We want our fellow Americans to know that crypto and digital assets, and particularly Bitcoin, are part of the mainstream economy and are here to stay,” he reiterated, solidifying his administration’s stance on the importance of digital currencies.
The timing of Vance’s comments coincided with a remarkable surge in Bitcoin’s value, which was trading at around $107,000, just shy of its all-time high of nearly $112,000. The increase in value is attributed to multiple factors, including growing investments and amplified support from U.S. policymakers. This resurgence indicates a bolstering confidence in the cryptocurrency market, with many investors feeling optimistic about the future.
However, Vance warned that failing to create regulatory clarity could have dire consequences. “If we fail to create regulatory clarity now, we risk chasing this $3 trillion industry offshore in search of a friendlier jurisdiction, and President Trump is going to fight to make sure that does not happen,” he cautioned, underscoring the stakes involved in the current regulatory environment.
The Bitcoin 2025 conference attracted crypto enthusiasts and investors from across the nation. Jason Shephard, an investor who traveled from San Francisco, shared his positive experiences, stating, “I have tripled my money in the past year.” He reflected on the evolution of the industry since his entry in 2017, saying, “I would say it is better than it was a couple of years ago,” showcasing the broader sentiment of optimism among the attendees.
In Las Vegas, numerous businesses are beginning to embrace cryptocurrency payments, with places like The D Hotel & Casino and the Golden Gate downtown leading the charge. This shift not only highlights the growing acceptance of digital currencies but also emphasizes the potential for increased mainstream adoption.
Bo Ginn, vice president of business operations at CleanSpark, a Bitcoin mining technology company based in Las Vegas, also expressed excitement about the future of the industry. “This thing has grown over the years, and we expect it to continue to grow,” Ginn noted, recognizing the strong momentum behind cryptocurrency. He added that there is a growing sense of collaboration with lawmakers: “We definitely feel like we’ve got the ears of the folks in Washington, D.C., as well as in the states. We’re here to do business the right way.”
Vance’s call to action for the attendees was not just about investment strategies or market trends; he encouraged them to remain politically active in the face of regulatory challenges. He described the Bitcoin 2025 conference as “more than a conference and rather a movement,” illustrating the broader implications of the cryptocurrency industry beyond financial investments. As the event prepares to conclude on Thursday, it’s evident that the dialogue around crypto, regulation, and innovation is only just beginning.
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