Michaela
U.S. Vice President JD Vance has criticized the Biden administration’s and former U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler’s enforcement approach to cryptocurrency and urged Bitcoin holders to remain politically engaged.
At the Bitcoin 2025 Conference, Vance reiterated the administration’s rejection of Gensler’s regulation-by-enforcement strategy toward digital assets, signaling continued support for a more transparent and innovation-friendly regulatory framework.
“We reject regulators,” Vance stated. “We fired Gary Gensler, and we’re going to fire everybody like him,” he added.
The Vice President stated that the Trump administration is determined to address what he described as the “wreckage” left by the previous administration, referencing the heavy-handed restrictions imposed on the blockchain industry during that time.
“We prioritize eliminating the rules, the red tape, and the lawfare that we saw aimed at our crypto by our predecessors,” Vance stated. “We’re ending the weaponization of federal regulations against this community. To put it simply, Operation Chokepoint 2.0 is dead, and it is not coming back under the Trump administration.”
Furthermore, Vance stressed the importance of U.S. leadership in the cryptocurrency sector, arguing that maintaining a strong position in digital finance is essential to preserving the nation’s global competitiveness.
“What happens in the world of politics, what happens in the world of bureaucracy, will affect even the most transformational and valuable technologies if we do not make the right decisions,” Vance stated. “The first thing that I would ask you, is to take the momentum of your political involvement in 2024 and carry it forward to 2026 and beyond,” he added.
Vance cautioned the crypto community against disengaging from politics, noting that political forces will increasingly focus on the digital asset space now and in the years ahead.
As the regulatory landscape continues to evolve, Vance’s remarks spotlight the growing intersection between digital assets and national policy—an area likely to remain a key focus heading into the next election cycle.
Read More
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Michaela has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official media and publications of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.
