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Vance Delivers Keynote at Bitcoin2025 as Trump Media Plans $2.5 Billion Bitcoin Investment

The administration now holds billions in crypto, drawing ethics experts’ warnings of conflicts of interest

Vice President JD Vance speaks at Bitcoin 2025, Wednesday, May 28, 2025, in Las Vegas. (AP Photo/John Locher)
Vice President JD Vance speaks at Bitcoin 2025, Wednesday, May 28, 2025, in Las Vegas. (AP Photo/John Locher)
Vice President JD Vance walks on stage to speak at Bitcoin 2025, Wednesday, May 28, 2025, in Las Vegas. (AP Photo/John Locher)
Vice President JD Vance speaks at Bitcoin 2025 Wednesday, May 28, 2025, in Las Vegas. (AP Photo/John Locher)

Overview

  • Vice President JD Vance delivered the keynote at the Bitcoin2025 Conference in Las Vegas, marking him as the highest-ranking U.S. official to address the event and noting his personal $250,000–$500,000 Bitcoin stake.
  • Trump Media and Technology Group announced plans to raise $2.5 billion for direct investment in Bitcoin through its parent company of Truth Social.
  • President Trump and his family hold an estimated $2.9 billion in cryptocurrency assets, a reversal from his earlier skepticism and part of a broader push to roll back Biden-era regulations.
  • A once-bipartisan Senate bill aimed at regulating stablecoins lost momentum after Democratic lawmakers sought restrictions on elected officials’ crypto trading, citing the administration’s holdings.
  • Democratic lawmakers and ethics experts have criticized the administration’s deepening crypto engagement over potential conflicts of interest, despite the White House’s assertion that Trump’s assets are held in a trust managed by his children.