JD Vance Urges Bitcoin Community to Stay Politically Engaged

JD Vance Urges Bitcoin Community to Stay Politically Engaged image

July 17, 2024 – Milwaukee, Wisconsin: Vice President Nominee Senator JD Vance speaks at the Republican National Convention. | Photo by Joeff Davis

Vice President JD Vance called on the Bitcoin community to deepen its political involvement during his keynote speech at the Bitcoin 2025 conference in Las Vegas. Emphasizing the growing influence of the crypto sector, Vance declared, “Politics is not going to ignore this community — not now, and not in the future.”

Vance highlighted the strategic and geopolitical significance of Bitcoin, urging the U.S. to maintain a leadership role in digital finance to stay competitive globally. “What happens in politics and bureaucracy will shape even the most transformative technologies if we fail to make the right decisions,” he said. He encouraged attendees to carry the political momentum from the 2024 election cycle into 2026 and beyond.

During the 2024 federal elections, Fairshake — the largest crypto-focused super PAC — spent over $26 million supporting Republican candidates and opposing Democrats, according to OpenSecrets. That investment appears to be bearing fruit.

Since President Donald Trump’s victory in November, Bitcoin’s price has surged more than 56%, trading at around $107,000 as of Thursday afternoon. The Trump administration has taken a more favorable approach to crypto policy, including the issuance of an executive order titled “Strengthening American Leadership in Digital Financial Technology.” The order created a crypto Working Group, which is expected to deliver a comprehensive set of legislative and regulatory proposals by July.

Additionally, the SEC’s newly formed Crypto Task Force is set to release the first-ever regulatory framework for digital assets later this year — a move that could unlock greater institutional investment.

On a state level, 26 U.S. states have followed the federal government’s lead by proposing their own Bitcoin strategic reserves. Arizona, for example, has advanced two bills to the House that would allow the state Treasury and retirement system to allocate up to 10% of funds into Bitcoin.

The U.S.’s evolving crypto stance appears to be influencing global policy as well. India’s economic affairs secretary, Ajay Seth, noted earlier this year that digital assets “do not believe in borders.” At least nine countries — including Russia and Venezuela — are reportedly exploring the creation of their own crypto reserves. While some view this as a sign of digital adoption, others believe it may be part of an effort to circumvent Western sanctions.

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