JD Vance Comments On Stablecoin Bill, Operation Chokepoint & Bitcoin Reserve

Highlights

JD Vance stated that Donald Trump will sign the stablecoin bill once it gets to his desk.
He assured that operation chokepoint is done and will not continue under this current administration.
The VP also remarked that the Strategic Bitcoin Reserve is one of the ways which the US tends to led in BTC ownership over the likes of China.

US Vice President JD Vance made his much-anticipated appearance at the Bitcoin 2025 Conference, where he discussed several key points. Among these, the VP touched on the Stablecoin bill, Operation Chokepoint, and the Strategic Bitcoin Reserve, which he noted forms part of the country’s plans to dominate other countries, such as China.

JD Vance Discusses Stablecoin Bill, Chokepoint, and Bitcoin Reserve

At the Bitcoin 2025 Conference, the vice president highlighted the importance of the stablecoin bill, also known as the GENIUS Act.’ He declared that the current administration doesn’t view stablecoins as a threat to the dollar but rather a force multiplier for the dollar’s dominance.

He further assured that Donald Trump will sign the stablecoin bill once it gets to his desk. This came as the VP also stated that the crypto industry has an ally in the current US president.

As CoinGape reported, the GENIUS Act has advanced to the amendment process following a vote last week. The Senate will now deliberate on it, after which the bill could move to the US House if the senators vote in favor of making the bill law.

JD Vance went on to comment on Operation Chokepoint 2.0, stating that it is dead and never coming back under the Trump administration. He assured that they would fire all anti-crypto regulators, just like former SEC Chair Gary Gensler.

The vice president then went on to talk about the Strategic Bitcoin Reserve. He revealed that this forms part of their plans to dominate other countries in BTC and crypto in general.

Vance remarked that the current administration doesn’t believe BTC competes with the US dollar, but rather that it will become a “strategically important asset for the US.” He also noted that they want to lead the way while their “adversary,” China, advocates against the flagship crypto.

During a panel discussion at Day 1 of the conference yesterday, Senator Cynthia Lummis revealed that the Senate will debate the ‘BITCOIN’ Act next week. If passed, the bill will allow the US to buy 1 million BTC over the next five years.

Bitcoin Ownership And The Relationship Between AI & Crypto

JD Vance revealed that he still owns a fair amount of Bitcoin. The VP had disclosed holding $250,000 to $500,000 in Bitcoin prior to the US presidential election last year. Meanwhile, he predicted during his keynote speech that the number of Americans owning BTC will soon surge from 50 million to 100 million.

He asserted that crypto and digital assets, particularly Bitcoin, are part of the mainstream economy and are here to stay. In line with this, he urged everyone to own some BTC if they want to be part of the near future. CoinGape recently reported that there has been a historical shift as more US residents now own BTC as compared to Gold.

Lastly, JD Vance touched on the relationship between Bitcoin and AI. He noted that both go together and called on stakeholders in the crypto industry to also take an interest in the AI sector so that growth in the latter doesn’t lead to BTC’s fall.

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Boluwatife Adeyemi

Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across several niches. His speed and alacrity in covering breaking updates are second to none. He has a knack for simplifying the most technical concepts and making them easy for crypto newbies to understand. Boluwatife is also a lawyer, who holds a law degree from the University of Ibadan. He also holds a certification in Digital Marketing. Away from writing, he is an avid basketball lover, a traveler, and a part-time degen.

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