According to Vance, “If we fail to create regulatory clarity now, we risk chasing this $3 trillion industry offshore in search of a friendly jurisdiction.” He pointed out that firms have already started to look abroad for clearer rules. He did not name any specific companies. He made it clear that the current window is rare and fast‐closing.
Based on reports, crypto heavyweights played a big role in last year’s election. Vance singled out Cameron and Tyler Winklevoss of Gemini for their campaign giving. He said their efforts helped elect pro‐crypto lawmakers. He praised how quickly the industry organized. He also thanked conference attendees for their own donations. It showed just how much clout crypto now has in US politics.
The Trump family holds about 60% of World Liberty Financial, which just launched its own stablecoin. Based on reports, that stablecoin ties its value to the US dollar. He said stablecoins could grow fast under a clear federal framework. Vance pointed to Senate action earlier this month on a bill to regulate those coins. He urged lawmakers to pass it quickly.
Featured image from Unsplash, chart from TradingView
