US Vice President JD Vance has defended President Trump’s ties to the cryptocurrency industry, highlighting their shared goals and benefits. Speaking at a Bitcoin conference in Las Vegas, Vance urged the industry to stay involved in US politics, citing the need for regulatory clarity.
Vance praised the crypto industry’s ability to influence US politics during last year’s elections, crediting billionaire founders Cameron and Tyler Winklevoss of Gemini with changing the country’s trajectory. He also hailed cryptocurrencies as a hedge against “bad politicians” and predicted their continued assimilation into the financial mainstream.
The Trump administration has taken steps to support the industry, including establishing a Bitcoin reserve for the federal government and pardoning Ross Ulbricht, founder of Silk Road. Several other Trump officials are speakers at the conference, including his sons Don Jr and Eric.
However, criticism from Democrats and some crypto enthusiasts has been raised about conflict of interest concerns surrounding the president’s use of cryptocurrencies to make money. The Trump family holds a 60% stake in World Liberty Financial, a company with its own stablecoin project.
Source: https://www.aljazeera.com/economy/2025/5/28/us-vice-president-vance-touts-trumps-crypto-record-at-bitcoin-conference