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The Vice President of the United States, JD Vance, spoke to the entire crypto industry at the largest annual Bitcoin conference, held in Las Vegas this year.

The speech was pro-Bitcoin.

JD Vance compared the cryptocurrency market  to “genuine, ground-up innovation already improving the well-being of tens of thousands of people.”

Additionally, he expressed his belief that 100 million people will soon possess Bitcoin. Speaking about the broader industry, he stated that:

“Crypto is a hedge against the private sector that is willing to discriminate against consumers based on their fundamental beliefs, including their politics; against skyrocketing inflation that eroded people’s savings; and against bad policy in Washington, regardless of which party is in power.”

Vance promised that the Trump administration would never “try to handicap” the cryptocurrency community and mentioned ending the contentious operation Chokepoint 2.0.

“We oppose weaponized regulators. Gary Gensler was fired, and we plan to fire everyone like him. We are aware of their type and their strategy, which involves attacking all attempts to democratize our financial markets under the guise of consumer protection.”

President Donald Trump signed an order on March 7 creating a stockpile of digital assets and a Strategic Bitcoin Reserve. “Bitcoin owned by the federal government that was forfeited as part of criminal or civil asset forfeiture proceedings.” Roughly 200,000 BTC will be used to capitalize the reserve.