Vice President Vance and Bitcoin Billionaire Pierce Rally Support for Cryptocurrency at Las Vegas Conference
At a Las Vegas bitcoin conference, VP Vance and Brock Pierce emphasized the industry's newfound political support and optimism for the future.
Overview
At the Las Vegas Bitcoin Conference, Vice President JD Vance urged the cryptocurrency industry to remain politically active, highlighting the Trump administration's support as a hedge against poor policymaking. He called for regulatory clarity to prevent the industry from moving offshore. Bitcoin billionaire Brock Pierce echoed Vance's sentiments, stating the industry now has 'tailwinds' and feels appreciated, marking a significant shift from past persecution. Pierce emphasized the importance of continued political engagement, urging the community to flex its muscles in upcoming elections, as optimism for the future of cryptocurrency grows.
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"…Vance urged the crypto executives and enthusiasts to keep pressure on Congress to pass pro-crypto legislation supported by the White House."
Associated Press·1M·FAQ
The Trump administration, as stated by Vice President JD Vance, is working to establish a regulatory framework that supports cryptocurrency innovation. They are focusing on overturning previous regulations under the Biden administration and have fired SEC Chair Gary Gensler, who was seen as hostile to crypto. Vance emphasized the need for regulatory clarity to prevent the industry from moving offshore.
The GENIUS Act is a Senate bill focused on stablecoins. Vice President JD Vance expressed optimism that it would soon reach the president's desk, which would allow Congress to focus on broader cryptocurrency market structure legislation.
The Trump administration is actively working to roll back what it considers hostile regulations from the previous Biden administration. They are focusing on removing
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