Vice President Vance spoke at Bitcoin 2025 to back the GENIUS Act.
Transcript:
KELSEY BARBERIO: As President Trump’s GENIUS Act sits in the Senate, Vice President J.D. Vance took the stage at Bitcoin’s biggest conference of the year to back the stablecoin legislation.
Speaking at Bitcoin 2025 in Las Vegas, Vance told the crowd, “In this administration, we do not think that stablecoins threaten the integrity of the U.S. dollar. Quite the opposite. We view them as a force multiplier of our economic might.”
He went on to add that “Dollar-pegged stablecoins, particularly once GENIUS is enacted, is only going to help the American economy,”
Earlier in May, Trump’s crypto czar David Sacks said the GENIUS Act could create trillions of dollars of demand for U.S. Treasuries.
However, Democrats previously rejected the GENIUS Act because of concerns over Donald Trump’s own crypto projects. Those include Trump branded meme and stablecoins from his family’s businesses.
At the time of this taping, Bitcoin, a popular barometer for the overall crypto industry, traded upwards of $108,000, near all-time highs.
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