Bitcoin is back above $100,000, but that’s not the only positive sign the financial markets are tracking. Digital assets are becoming mainstream, driven in large part by the Bitcoin ETF approval in January 2024 by the SEC. The newfound U.S. government support has sent a clear message across the industry—Bitcoin is here to stay. President Trump and his administration have been very clear in their support for these emerging technologies, which is a complete shift from both the Biden administration and Democrats in Congress. 

In a speech during the 2025 Bitcoin Conference happening this week in Las Vegas, Vice President JD Vance had some very strong words in support of Bitcoin and the industry as a whole: 

“There’s a new sheriff in town, because after 4 years of mistreatment and outright hostility, led by Democrat regulators, lawmakers in this country have a choice. Will we lead our nation into a future of financial sovereignty, of innovation, and of prosperity? Or will we let unelected bureaucrats and four competitors rig the rules for us? And I’m here today to say, loud and clear, with President Trump, crypto finally has a champion and ally in the White House. In our administration, we understand the full potential of the digital assets industry. Not just as an investment, not just as a flashy technology, but as a symbol and driver of personal liberty for all our citizens. And we are dedicated to seeing that promise fulfilled. The way that we see it, the people in this room are the digital pioneers of the American economy. That’s why our administration is doing something a little unusual in Washington, we are listening to all of you as you blaze the trail of innovation.” 

VP Vance is right, there is absolutely a new sheriff in town. Under President Biden, Bitcoin and digital assets did not have a friend in the White House. Democrats have viewed the crypto industry as a whole with a high margin of skepticism. While the market does need solid regulations that will help everyone, Democrats see another opportunity to overregulate an industry into oblivion. Further, Gary Gensler, who ran the SEC under Biden, did everything he could to slow and stall the implementation of digital assets into the U.S. economy. 

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Major crypto company Coinbase was sued by the SEC for operating what it called an unregistered securities exchange. After years of litigation, expensive attorney fees, and stress on the company's stock, the SEC simply dismissed the lawsuit. One of the first things President Trump did for the crypto community was get rid of Gary Gensler. VP Vance highlighted that action in his speech today: 

“Maybe the most important thing we did for this community. We reject regulators, and we fired Gary Gensler, and we’re going to fire everybody like him.” 

I’ll just say the crowd enjoyed that anecdote. This is why the crypto community got behind President Trump during the campaign. To be clear, many in this space were in the Elon Musk camp—former Democrats who found their way to Trump through common sense. This is what we all voted for. Together. It’s not just the border, which we care about. It’s not just the economy, which we care about. It’s an administration that is forward-thinking and looking into future possibilities of what can be created and accomplished. To the “digital pioneers” mentioned by Vance in this speech, keep going. The American conservatives are with you, even if many Democrats are not. 

Editor's Note: President Trump is leading America into the "Golden Age" as Democrats try desperately to stop it.  

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