Operation Chokepoint 2.0 is a term used by crypto advocates to describe a pattern of actions by banking regulators allegedly aimed at limiting access between the crypto industry and the US banking system.
He said:
“We reject regulators, and we fired Gary Gensler. We’re going to fire everybody like him.”
He said:
“We want our fellow Americans to know that digital assets, and particularly Bitcoin, are part of the mainstream economy and are here to stay.”
He added that the best way to ensure that crypto is part of the mainstream economy is through legislation that propels the value represented by Bitcoin and other cryptocurrencies.
He also argued that stablecoins do not threaten the US dollar’s status but instead serve as a “force multiplier” to extend its global reach.
Vance estimated that 50 million Americans already own Bitcoin and said that number could double in the near future. Additionally, he placed Bitcoin within the context of broader economic and political themes, framing its adoption as a hedge against different scenarios.
He stated:
“Crypto is a hedge against bad policymaking from Washington, no matter what party is in control. It is a hedge against skyrocketing inflation, which has eroded the real savings rate of Americans over the last four years.”
He also criticized what he described as ideological discrimination in the private financial sector, suggesting that decentralized networks protect Americans from viewpoint-based restrictions on access to finance.
The speech further solidified the Trump administration’s shift toward pro-crypto policymaking, aligning federal executive priorities with a legislative agenda focused on stablecoin regulation, market structure clarity, and the integration of digital assets into the traditional financial system.
