Overview

• At Bitcoin 2025 in Las Vegas, Vice President JD Vance framed digital assets as drivers of personal liberty, financial inclusion and American innovation
• Vance pressed Congress to pass the GENIUS Act for a clear federal framework on stablecoins and broader digital‐asset integration
• The administration has paused or reversed multiple enforcement actions against major crypto firms and rescinded federal guidance that limited bank custody and retirement‐plan investments
• President Trump fulfilled his campaign pledge by creating a national strategic Bitcoin reserve and pardoning Silk Road founder Ross Ulbricht to bolster federal crypto holdings
• Critics warn of potential conflicts of interest as the Trump family maintains large cryptocurrency stakes and Trump Media & Technology Group seeks $2.5 billion to buy Bitcoin