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2d ago

Vance Predicts 100 Million Bitcoin Holders as Lummis Unveils 1 Million BTC Reserve Bill

The gathering highlighted White House support for digital assets through policy rollbacks on banking restrictions alongside fresh legislative proposals.

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)

Overview

  • At the Bitcoin2025 conference in Las Vegas, Vice President JD Vance predicted U.S. Bitcoin ownership could climb from 50 million to 100 million as he called on the community to stay politically active.
  • Senator Cynthia Lummis introduced the Strategic Bitcoin Reserve Act, proposing that the U.S. Treasury acquire one million Bitcoin for a national reserve.
  • The administration has officially ended Operation Choke Point 2.0, reversing previous banking restrictions that targeted crypto businesses.
  • Earlier this year, President Trump signed an executive order establishing a national Bitcoin reserve funded by assets seized through federal forfeiture at no taxpayer expense.
  • Industry stakeholders showcased real-world applications for cryptocurrency, including Block’s upcoming Lightning payments integration and Steak ’n Shake’s new Bitcoin payment option.