The cryptocurrency community now has a “defender” and an “ally” in the White House in the person of Donald Trump, said, on Wednesday, May 28, the vice president of the United States, JD Vance, while criticisms heat the participation of Billonario in several personal projects around digital currencies.
“We give priority to the elimination of the rules, the bureaucracy and the laws that, in our opinion, were directed against the crypts by our predecessors,” professed former Ohio senator during an intervention during the 2025 Bitcoin conference in Las Vegas (Nevada).
Since its inauguration, Donald Trump has designated the regulatory authority of the United States financial market, the SEC, a supporter of cryptocurrencies, Paul Atkins, who happened to Gary Gensler, a follower of a hard and repressive line.
“We are going to turn all people like him,” said JD Vance about Gary Gensler, accused of “attacking the slightest initiative to democratize our financial markets (…) under the pretext of protecting consumers.”
A federal “strategic reserve”
The president of the United States has also established a Federal Federal Federal Federal Bitcoins seized by US justice and brought one of the US banking regulators, the Occ, which clearly authorizes traditional financial institutions to use digital currencies.
He also campaigned for the vote of two texts that are examined in Congress. The first, which establishes a legal framework for “stablecoins”, should be soon subject to a final exam in the Senate.
“We just want our compatriots to realize that crypts and digital assets are now part of the real economy and are there for a long time,” said JD Vance.
For a long time he opposes cryptocurrencies, Donald Trump turned last year, a change that earned him the colossal contributions from the sector to his presidential campaign.
$ Trump, cryptocurrency on behalf of the president
On a personal level, it has multiplied the projects around these new types. He also lent his name to a new exchange platform, called World Liberty Financial, and put his own digital currency on the market, the $ Trump, a few hours before his inauguration in January.
On May 22, he invited dinner at the 220 largest holders of $ Trump, which aroused strong criticism related to a possible conflict of interest.
On Tuesday, the media company with its name, Trump Media and Technology Group (TMTG), announced the uprising of $ 2.5 billion to invest in cryptocurrencies.
Source: BFM TV
