Vice President JD Vance urged the cryptocurrency sector to remain politically active, addressing the Bitcoin conference in Las Vegas. He underscored the Biden administration's previous stance against crypto and the financial industry's influence during Trump's election. Vance encouraged crypto executives to push for favorable legislation, warning that without regulatory clarity, the $3 trillion industry might relocate. He acknowledged the proactive role of the Winklevoss brothers and noted the potential of cryptocurrencies as a protective asset against political and regulatory challenges.
Speaking at the Bitcoin conference, Vance urged cryptocurrency leaders to press for pro-crypto legislation, emphasizing a pivotal moment for regulatory clarity and innovation.
Vance highlighted the swift mobilization of the crypto industry during the last elections, crediting the Winklevoss twins for their influential participation in politics.
Vance warned that failure to establish regulatory clarity could push the $3 trillion crypto industry out of the US, seeking more favorable regulations elsewhere.
In his address, Vance praised cryptocurrencies as a means for conservative populists to insulate themselves from detrimental politicians and increasing regulatory pressure.
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