LAS VEGAS, Nevada — Establishing a clear and pro-innovation regulatory framework for the crypto industry via a market structure bill is a priority for U.S. President Donald Trump’s administration, Vice President JD Vance reported on Wednesday.

Speaking to a massive crowd at Bitcoin 2025 in Las Vegas, Vance stated that a regulatory framework is necessary to fully integrate cryptocurrency into the mainstream U.S. economy while also safeguarding against future governments retracting the Trump administration’s crypto-friendly policies.

“I hope that our party is in charge for a long time, but nothing is ever guaranteed in politics. So the best way to ensure that crypto is part of the mainstream economy is through a market structure bill that champions and doesn’t restrict the extraordinary value that bitcoin and other digital assets represent,” Vance said at the event, which attracted around 35,000 attendees. “We have a once-in-a-generation opportunity to unleash innovation and use it to improve the lives of countless American citizens, but if we fail to create regulatory clarity now, we risk chasing this $3 trillion industry offshore in search of a friendlier jurisdiction, and President Trump is going to fight to ensure that does not happen.”

Vance expressed hope that the GENIUS Act, which pertains to stablecoins, would soon reach President Trump’s desk, enabling Congress to focus on a market structure bill.

Additionally, he mentioned ongoing efforts to address the lingering challenges left by the Biden administration, particularly the so-called “regulation by enforcement” approach adopted by the U.S. Securities and Exchange Commission (SEC) under former Chair Gary Gensler and the significant debanking of crypto companies, which the industry refers to as Operation Chokepoint 2.0.

“Operation Chokepoint 2.0 is dead and it’s not coming back under the Trump administration,” Vance asserted. “We reject the Biden administration’s legacy of death by a thousand enforcement actions… We fired Gary Gensler, and we’re going to terminate everybody like him,” he added, despite Gensler’s resignation occurring on Trump’s inauguration day.

Vance acknowledged appreciation for the crypto industry’s early support of Trump’s campaign, crediting some of its success, as well as the successful elections of other crypto-friendly politicians like Senator Bernie Moreno (R-Ohio), to that backing from the crypto sector.

In closing, he urged industry participants to maintain their political involvement and keep an eye on developments in artificial intelligence (AI), emphasizing the interconnectedness of AI and cryptocurrency.

“Make sure you’re keeping tabs on and staying involved in what’s happening in artificial intelligence. I don’t want America to be negatively affected by what’s happening in AI, and the best way to ensure that intelligent voices engage in the AI discourse is to guarantee that Bitcoin is part of that conversation.”