JD Vance Declares Crypto Market Structure Legislation a ‘Key Focus’ for Trump Administration

LAS VEGAS, Nevada — Creating an unequivocal and progressive regulatory system for the cryptocurrency sector is a key focus for the administration of U.S. President Donald Trump, according to Vice President J.D. Vance.

Addressing a large audience at Bitcoin 2025 in Las Vegas, Vance emphasized that a robust regulatory framework is essential for integrating cryptocurrency into the broader U.S. economy and safeguarding the Trump administration’s favorable policies on crypto against potential reversals by future administrations.

“I trust that our party will remain in power for an extended period, but political stability is never assured. The most effective way to embed cryptocurrency into the mainstream economy is by passing a market structure bill that promotes its incredible potential rather than limits it,” Vance remarked during an event attended by an estimated 35,000 people. “We are faced with a once-in-a-lifetime opportunity to foster innovation and enrich the lives of numerous Americans; however, failing to establish regulatory clarity now could drive this $3 trillion sector to seek more welcoming environments abroad. President Trump is committed to preventing that from happening.”

Vance expressed optimism that the GENIUS Act, currently in the Senate as a stablecoin proposal, would soon reach the President, paving the way for Congress to focus on a comprehensive market structure bill.

He highlighted the administration’s ongoing efforts to rectify challenges posed by the previous administration, particularly the “regulation by enforcement” tactics employed by the U.S. Securities and Exchange Commission (SEC) under former Chair Gary Gensler, along with the widespread closing of accounts for crypto firms, which the sector has labeled as Operation Chokepoint 2.0.

“Operation Chokepoint 2.0 is finished and will not return during the Trump administration,” Vance stated. “We reject the legacy of the Biden administration, characterized by a series of enforcement actions… We dismissed Gary Gensler and will continue to remove individuals who share his approach,” he added, noting that Gensler stepped down on the day Trump was inaugurated.

Vance acknowledged the support from the cryptocurrency industry, particularly individuals like Tyler and Cameron Winklevoss from Gemini and Coinbase, crediting their involvement for Trump’s campaign success and the victories of other crypto-friendly leaders such as Senator Bernie Moreno (R-Ohio).

“Leverage your political engagement momentum in 2024 and sustain it through to 2026 and beyond,” Vance advised.

In his remarks, Vance urged those within the crypto sphere to remain informed about advancements in artificial intelligence (AI).

“Keep in mind that developments in AI will significantly affect Bitcoin, both positively and negatively, and likewise, Bitcoin’s trajectory will influence AI,” Vance noted, encouraging participants to stay connected with the evolving AI landscape.

“We must ensure that America isn’t adversely impacted by AI advancements, and integrating Bitcoin into discussions on artificial intelligence is vital for including knowledgeable voices in the debate.”