VP JD Vance Endorses Cryptocurrency, Pledges US Support at Bitcoin Conference

At the Bitcoin 2025 Conference in Las Vegas, U.S. Vice President JD Vance delivered a strong endorsement of cryptocurrency, emphasizing the Trump administration's commitment to supporting digital assets rather than imposing restrictive regulations. Vance highlighted bitcoin's strategic importance for the U.S., contrasting it with China's rejection of the cryptocurrency, and predicted a significant increase in bitcoin holders. He also championed stablecoins as beneficial to the U.S. economy, calling them a "force multiplier" for American economic power, while advocating for legislation like the GENIUS Act to regulate them. Vance criticized the Biden administration's regulatory approach as overly punitive and praised the crypto community's political engagement, urging continued activism. Despite market volatility and significant trader liquidations, Vance's remarks reflected the administration's pro-crypto agenda, with endorsements from key figures and substantial industry political spending backing pro-crypto candidates. Additionally, prominent traders signaled cautious optimism, noting critical support levels for bitcoin and potential buying zones for altcoins like Solana.