The future of cryptocurrencies endangered – now regulates industries that may lose $3 trillion abroad – JD Vance
JD Vance, vice president of the U.S., spoke at a Bitcoin conference in Nashville and urged the cryptocurrency world to insert politics.
He said the industry must support legislators who promise clear provisions. He warned that the $3 trillion industry could leave the country if no action was taken. Vance spoke in an urgency and optimism. His goal is to rally support Washington-friendly rule-based approach.
Vance warns of maritime risks
According to Vance, “If we fail to create regulatory clarity now, we risk taking this $3 trillion industry offshore,” he noted that companies have begun looking for clearer rules abroad. He did not name any particular company. He clearly shows that the current window is rare and fast.
https://www.youtube.com/watch?v=9-yloqde84k
Crypto’s political influence
According to the report, the crypto heavyweight played a major role in last year’s election. Vance picked out campaign donations from Gemini Cameron and Taylor Winkelworth. He said their efforts helped to elect pro-Creputo MPs. He praised the speed of the industry’s organization. He also thanked the conference attendees for their own donations. It shows how much influence there is in cryptocurrency in U.S. politics now.
Trump administration’s crypto motives
Vance highlighted the steps taken since U.S. President Donald Trump took office. He noted that the strategic Bitcoin reserve was created, funded by the Treasury’s coins. He mentioned the pardon of Ross Ulbricht, who founded the Silk Road, a sign of a gentle stance. He said regulators have stopped some enforcement actions against large crypto companies and believe the moves send a signal that the U.S. wants the business.
Trump family bets and Stablecoin push
The Trump family, which accounts for 60% of the world’s free finance, has just launched its own stability. According to the report, that stable value links its value to the US dollar. He said Stablecoins can grow rapidly under a clear federal framework. Vance noted that earlier this month, the Senate took action to regulate the coins. He urged lawmakers to pass quickly.
New businesses and big bets
Vance also mentioned that Trump Media is raising $2.5 billion to buy Bitcoin. He noted that both the president and the first lady minted their own meme coins. He said Eric and Don Jr. are working with a company to start a crypto mining company, adding that the family’s moves express confidence in digital assets.
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