Compiled | Odaily (@OdailyChina)
Translator | Ethan (translator (@ethanzhang_web3)
Translator's Note: This speech is an important address by the U.S. Vice President at the Bitcoin 2025 Conference, which not only demonstrates a clear political stance but also reveals the current U.S. government's policy attitude and strategic considerations towards digital assets, Bitcoin, and decentralized finance. The speech covers topics such as criticizing the previous government's regulatory approach, new government priorities (like ending the off services" strategy), promoting the GENIUS Act legislation, establishing a clear stablecoin regulatory framework, and establishing Bitcoin as a national strategic asset. This speech not only reflects the current in discourse in U.S. politics but also demonstrates the collective power of the Bitcoin community in policy shaping. It is not just a policy speech, but a political mobilization order.
Note: ToIng vance's language style, speech rhythm, and emotional expression while ensuring readability, the text has been moderately refined and structurally during adjusted. Policy, names, and terms are preserved attempted as close to the original meaning as possible, with some annotations provided (such as "Operation Chokepoint 2.0", "GENIUS Act", etc.).
We've abandoned the tradition of "rules without following". Yes, we fired Gary Gensler - and we will continue to fire those who attack this community.
We assure every friend present here: We will not suppress you, will not obstruct you, and will not weaken your positive impact on the economy.
Stablecoin Policy and the GENIUS Act
The second key policy: We are establishing a clear and scalable stablecoin regulatory framework.
Special thanks to Sen. Cynthia Lummis, a steadfast supporter in Congress. She is pushing to pass the GENIUS Act, which will bring a critical breakthrough in stablecoin legislation.Many stablecoin projects have been forced to move overseas due to unclear US regulations. We hope to change this situation.
Stablecoins will not threaten the status of the US dollar - on the contrary, they will be a new engine for the dollar.Let me be clear: President Trump will sign this bill the moment it reaches his desk.
Mainstream Legislation
Third, we are developing a suitable and innovation-friendly regulatory system to truly integrate digital assets into the mainstream economic system.
I know many people are still worried that cryptocurrencies cannot be mainstream. We will change this perception.
What will truly lock in this process is legislation: a clear market structure bill that can ensure cryptocurrencies will not be suppressed or marginalized in the coming decades.
If we do not take action now, the United States will lose leadership in this $30 trillion industry.
President Trump will not let this happen.
Closing Remarks and Three Recommendations
Time is almost up, but before I return to Washington, I want to leave you with three recommendations:
First, continue political engagement. Cryptocurrencies are digital, but we are not. If you ignore politics, politics will find trouble for you. You made your voice heard in 2024, and you must continue in 2026 and beyond.
Second, start thinking long-term. Bitcoin is a strategic asset for the United States. So we should consider: Should we double down on embracing Bitcoin?
Third, pay attention to AI development. Although many right-wing tech leaders lean towards Bitcoin, and many left-wing tech leaders lean towards artificial intelligence, they are not two separate worlds. AI development will affect cryptocurrencies, and vice versa.
We need Bitcoin to have a voice in the AI conversation to protect innovation and freedom.
Closing
Our government promises you: I hope you will continue to support us and support this cause.
We need your help, guidance, and encouragement, and sometimes your pressure.
So enjoy this week, but also maintain the pressure.
We will work together to make great contributions to this industry, to financial freedom, and to the United States of America.
God bless you, and thank you for inviting me.
