Vice President Vance Urges Crypto Industry to Sustain Political Influence
Vice President Vance Urges Crypto Industry to Sustain Political Influence

Vice President Vance Urges Crypto Industry to Sustain Political Influence

News summary

Vice President JD Vance praised the cryptocurrency industry at a Las Vegas bitcoin conference, urging continued political involvement to ensure the passage of pro-crypto legislation supported by the White House. He highlighted the Trump administration's strong ties to the crypto sector, crediting the industry's political organization for influencing the 2024 elections, including the key Senate race in Ohio that unseated crypto-skeptical Senator Sherrod Brown. Vance emphasized the need for regulatory clarity to prevent the $3 trillion industry from relocating offshore and stressed the strategic importance of the U.S. maintaining global leadership in crypto amid opposition from hostile governments like China. He also framed cryptocurrency as a protective hedge for conservative populists against bad politicians and regulators and called on the crypto community to sustain their political momentum beyond recent victories. The administration prioritizes key crypto bills, and the industry is poised to continue its political spending, with super PACs holding significant funds for future elections. Vance's remarks underscore the deepening relationship between the crypto sector and conservative political forces aiming to shape U.S. policy.

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Last Updated
1 day ago
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