Full text of U.S. Vice President Vance’s speech at the Bitcoin 2025 conference

Compiled by: MetaEra

On May 28th, US local time, US Vice President Vance a 2 Conference, emphasizing that digital digital assets are symbols and driving forces of personal freedom. He announced that the Trump administration has ended its hostile policy towards cryptocurrencies, stablecoin legalization and national strategic Bitcoin reserves, and called on the crypto community to continue participating in politics to jointly shape's innovation and freedom. Below is a speech content.

Key Speech Quotes

This is a movement will determine the future of cryptocurrencies in the.

Who will decide the future? You will decide.

I want to be clear: from our government's perspective, stablecoins do not threaten the status of the US dollar. On the contrary (it will enhance dollar status).

US dollar-pecobecome a multiplier of our economic strength.

So we should ask:? Why number one resist it so much?

Anything that happens in will affect The development - whether good or bad.

What happens in Bit will also affect the development path of AI.

Cryptocurrency has finally found true advocates and allies in the White House.

In our government's eyes, the digital asset industry's potential is not just about investment or cool technology.

It is a symbol and driving force of personal freedom for American citizens.

Each one of you present is a pioneer of America's economic digitalization.

Therefore, we are doing something unusual in Washington:

We are genuinely listening to your voices.

You are solving problems, expanding boundaries, and driving innovation,

You are bringing unprecedented transparency to the business world.

So you equally deserve:

Transparent, clear rules, and respect and support from the government,

Rather than interference and suppression from bureaucrats.

With that said, we must take several substantive actions.

And the primary task is also the simplest and most clear:

Clean up the ruins left by the previous administration.

Since the first day in office, this is what we have been doing.

Our government prioritizes: eliminating red tape, restrictive rules, and the "legal warfare" against the crypto industry.

We have ended the weaponization of regulation against the crypto industry.

In one sentence, Operation Chokepoint 2.0 is dead,

And it will never be revived under the Trump administration.

By the way, it's incredible that this would even be controversial.

Just imagine, destroying an industry with government regulatory power, simply because you disagree with their views - how could that be reasonable?

So, let this speech today serve as the obituary for Chokepoint 2.0.

This is my promise to everyone here:

This administration will never suppress your community or deny your contribution to the economy.

We reject the Biden administration's approach of torturing this industry with piecemeal enforcement.

We reject the games of those so-called regulators.

Perhaps the most important thing we've done for this community is:

We fired Gary Gensler, and we will fire everyone like him.

We understand that people like Gensler, under the banner of "consumer protection",

Are actually destroying all efforts to democratize finance.

But all of this ends now.

I am an American from a working-class family.

I have always believed that America is a country where anyone, regardless of origin or education, has the opportunity to become wealthy.

In the past few years, I can't think of any field that embodies this spirit more than the digital asset industry.

Next is our second substantive work:

We are committed to establishing a clear, growth-supporting legal framework for stablecoins.

I know we have firm allies in Congress, like Cynthia Lummis.

Is she here today? Or has she already gone home?

I was supposed to have dinner with Cynthia last night, we had an event, I was looking for her everywhere, asking "Where is she?"

Someone told me: "She has a dinner."

I said: "I'm the Vice President! Unless she's dining with the President, Cynthia has no reason not to be here."

(Laughter) But we all love Cynthia, she is indeed one of the most steadfast supporters of the crypto industry in Congress.

I know that under Cynthia's and other great legislators' leadership, Congress is working to pass an important bill:

The Genius Act - to be sent to the President's desk as soon as possible.

This is a very important step.

Why?

Because in the past few years, the regulatory uncertainty in the US has pushed many stablecoin businesses overseas.

Someone told me yesterday:

"Bitcoin has survived so many headwinds in the past few years,

Wouldn't it be better if the government could provide some tailwind?"

This is exactly the goal of our government.

Once the Genius Act is passed, it will greatly promote the widespread use of stablecoins in the US as a digital payment system, serving millions of Americans.

It will also protect coin holders and bring more transparency to the market.

I want to emphasize one point:

In our administration's view, stablecoins do not threaten the integrity of the US dollar.

On the contrary:

We believe stablecoins are multipliers of American economic strength.

Dollar-pegged stablecoins - especially after the Genius Act passes - will only enhance the American economy and the international status of the US dollar.

So we are confident that the Senate will quickly push forward a clear version of the Genius Act,

And we hope the House of Representatives will follow suit.

And once the bill reaches the President's desk,

President Trump will sign it into law immediately.

After completing this step, the government will fully advance our third priority:

Develop a transparent, tailored, innovation-supporting digital asset regulatory framework,

To truly integrate cryptocurrencies into the mainstream economic system.

In the past few days, I have spoken with many of you.

Although everyone is excited about the achievements of the past few months, they have also expressed a continuing concern:

That cryptocurrencies are still not fully accepted in the mainstream economy.

To this, I solemnly promise:

The reason we are pushing for policy reforms is to change all of this.

We want all Americans to know:

Cryptocurrencies, digital assets, especially Bit, are already part of the mainstream economy and will continue to exist long-term. [Applause]

We believe that from a legislative perspective, the most effective way is:

To introduce a market structure bill,

Not to limit the value of Bit and digital assets,

But to support their extraordinary potential.

Now, with the cooperation of this Congress and this administration,

We are facing an unprecedented opportunity

To improve the lives of thousands of Americans through innovation.

But if we do not establish clear regulatory directions now,

We might hand over this $30 trillion industry to countries more friendly to crypto.

President Trump will do everything to prevent this from happening.

Just think:

If we lock in a set of smart, innovation-supporting policy rules today,

We can also prevent any party from launching a war against the crypto community in the future.

I know I've gone overtime, but before returning to Washington,

Please allow me to give you three more suggestions or directions for thought, sharing my observations about this industry.

This is just the view of a political figure,

Whether it's worth a Bit, you can judge for yourselves.

First point:

I still remember when I first ran for Senator in 2022,

I was one of the few candidates who actually held Bit at the time. I still hold a lot of Bit today.

Just think, that was 2021 and 2022.

Although it feels like it was a lifetime ago, it was actually just four years ago.

At that time, like many Bit supporters,

I saw the regulatory disaster of the Biden administration and Gary Gensler.

But what frustrated me was:

At that time, the entire crypto industry was almost not organized politically to resist them.

But what I want to say is:

The reason I can stand here today,

And Bernie Moreno could defeat Sherrod Brown in the Senate election,

Is because you stood up and began to participate in American politics.

I thank you for your participation.

But please learn a lesson from this experience:

If you do not participate in politics,

Politics will ignore you, and even harm you.

You took an important step in 2024.

But I want to remind you: every victory is a temporary victory.

A good friend of mine in Silicon Valley once said to me:

"The Bit community believes in 'exiting the system', the AI community believes in 'changing the system'."

What I see is that in 2024, many friends from the crypto community chose to "change the system".

You chose to speak up and participate in politics.

I believe you have changed the trajectory of the country.

But you must continue to choose to speak up.

Bit is called "digital gold".

But Bit is digital, and you are not.

What happens in politics and bureaucracy,

Even the most valuable and disruptive technologies,

If we make the wrong decisions today, will not be spared from impact.

So my first advice to you is:

Bring the political momentum you participate in during 2024

all the way to 2026 and even further into the future.

Do not ignore politics.

Because I assure you:

Politics will never ignore this community.

The second advice:

We must think about Bitcoin's future role from a strategic perspective.

Currently, about 50 million Americans hold Bitcoin,

Many have become wealthy and created their own fortune, which is a good thing.

But I believe the next stage of Bitcoin is:

To become a national strategic asset for the United States in the next decade.

This is why - under the push of President Trump,

and with the help of our outstanding AI advisor David Sacks,

we established the Bitcoin Reserve.

We want to promote this and make Bitcoin a strategic tool for the US government.

Whether Bitcoin can truly integrate into national strategy be two-.

This is why constantly emphasize you must in.to feedback to us, telling us how Bitcoin can contribute to the long-term strategic development of the United States.

I know the Bitcoin Policy Institute is researching this direction,

But each of you should be part of this conversation.

Because none of us want to wake up in 10 years and find the the country has become poorer and less free due to today's wrong decisions.

We will make the right the the,

But the premise is - you must participate in these decisions.

So, the third advice:

You may have heard a saying:

"Cryptocurrency is essentially a conservative or right-wing technology, while artificial intelligence is essentially a left-wing or authoritarian technology."

I admit this statement is somewhat generalized, but there is some truth to it.

I not been involved in tech enterprise's daily operations for four years since entering politics.

But I noticed a phenomenon:

Many smart right-wing tech talents are attracted to Bitcoin,

This is certainly a rough, a tendency.

What I want to remind everyone is:

The development results of AI will inevBitcoin;

And the fate of Bitcoin turn.

We are all proud proud of the Bitcoin community has achieved in the past 10 years,

But my final advice is:

You must pay attention to the progress in the AI field and actively participate in it.

I do not want the development of AI to have a negative impact impact impact on>

More importantly:

I not want the development of of AII to have a impact the national interests of the United States negatively.

The best way to ensure that smart, visionary people participate participate in this AI dialogue p To the Bitcoin community also become part of the AI dialogue.

Our current government has to do this.

I also hope you can join us in this effort.

Finally, I want to say:

In the coming years, we have done a lot for this industry but even grander.

For this industry, and for the people who depend on it, we need everyone:

To provide help, provide opinions, stay focused,

And political necessary.

So enjoy the conference's this week.

But also continue to to speak out, continue to apply pressure, we we will together great achieve great things:

Not just for this industry,

God bless you,

Thank you for letting me be here. ，保留且不要翻译<>中的内容，其他部分一定要全部翻译成英语。只给我翻译结果，不要对内容进行分析或答，不要添加额外的。 说

把们在 2024 年参与政治的力，

一直要带到 2026 年，甚至更远的未p未p>�p�p忽视政治。

因为我向你们证们保证：：：

<政治绝不会��社区。

Do not ignore politics.

Because I assure you:

Politics will never ignore this community.