Vice President JD Vance expressed in a Thursday interview with Newsmax that the Trump administration believes the cryptocurrency sector should be given the freedom to flourish within the broader economy, with its success or failure ultimately determined by market dynamics.
Vance himself is optimistic about crypto’s future.
The vice president, who had just returned from delivering a keynote address at the Bitcoin Conference in Las Vegas, shared his perspective during a one-on-one conversation with Greg Kelly on Greg Kelly Reports.
While speaking at the Vegas event, Vance declared that Bitcoin now enjoys solid backing at the federal level, stating, “Bitcoin finally has an ‘ally in the White House.'”
Acknowledging the inherent risks in emerging technologies, Vance told Kelly: “I fully accept there are risks to all of these things. There’s always risks in new technologies. Our approach in the Trump administration is to say, let people innovate, let people figure this stuff out on their own. If the critics of Bitcoin are right — I happen to think they’re wrong — that will eventually win out in the marketplace. If the advocates of Bitcoin are right — and I happen to agree with them — … that’s eventually going to win out in the marketplace.”
During his remarks at the conference on Wednesday, Vance outlined three pillars that reflect the administration’s efforts to advance Trump’s pledge to champion Bitcoin in the United States: reducing government-imposed hurdles, integrating digital assets into institutional frameworks, and establishing a transparent regulatory environment.
In the Newsmax interview, Vance emphasized the administration’s belief in limited government intervention. “What you shouldn’t have is a dictatorial government that tells certain industries they’re not allowed to do what they need to do. You’ve gotta let these people make decisions on their own. And that’s sort of been our approach,” Vance told Kelly.
He reiterated that the administration’s regulatory strategy is rooted in practical oversight, not micromanagement. “We want common sense regulatory regimes; we would allow the cryptocurrency industry to participate in the mainstream of the economy. But then ultimately, the laws of economics, the laws of supply and demand are gonna make the determinations from there,” he added.
{Matzav.com}