Trump Administration Prioritizes Crypto Regulation With Market Structure Bill

Vice President J.D. Vance has declared that establishing a clear and pro-innovation regulatory framework for the cryptocurrency industry through a market structure bill is a top priority for the Trump administration. Speaking at the Bitcoin 2025 conference in Las Vegas, Vance emphasized the necessity of such a framework to fully integrate cryptocurrency into the mainstream U.S. economy and to prevent future administrations from reversing the Trump administration’s crypto-friendly policies.

Vance highlighted the importance of a market structure bill that champions the value of bitcoin and other digital assets, rather than restricting them. He warned that without regulatory clarity, the U.S. risks losing the $3 trillion cryptocurrency industry to more friendly jurisdictions. Vance also expressed hope that the GENIUS Act, the Senate’s stablecoin bill, will soon be passed, allowing Congress to focus on a broader market structure bill.

The Trump administration is also working to address issues left by the previous administration, including the SEC’s “regulation by enforcement” approach under Gary Gensler and the debanking of crypto companies, known as Operation Chokepoint 2.0. Vance asserted that these practices are dead under the Trump administration and that the administration is committed to firing officials who support such policies.

Vance thanked the crypto industry for its early support of Trump’s campaign, attributing some of its success to the industry’s political involvement. He urged the industry to continue its political engagement beyond the 2024 elections, emphasizing the importance of staying involved in developments in artificial intelligence (AI) as well. Vance noted that advancements in AI will significantly impact the cryptocurrency industry and vice versa, and encouraged the industry to stay informed and involved in AI discussions.

Vance's remarks underscore the Trump administration's growing interest in the cryptocurrency sector and its commitment to providing a clear regulatory framework. The administration's support for the GENIUS Act is seen as a significant step towards regulating stablecoins, which have gained prominence in recent years. This move is expected to bring more stability and transparency to the cryptocurrency market, which has been plagued by regulatory uncertainty.

The administration's backing of the GENIUS Act is also seen as a response to the growing influence of the cryptocurrency industry in U.S. politics. The industry has been actively lobbying for favorable regulations, and several legislators have signed on to the bill, highlighting the industry's growing political clout and its ability to influence policymaking.

Vance's comments come at a time when the cryptocurrency market is experiencing significant growth, driven by factors such as the increasing acceptance of cryptocurrencies as a legitimate form of payment and the growing interest in blockchain technology. The administration's support for the cryptocurrency industry is seen as a way to promote innovation and economic growth, with the potential to create new jobs and drive economic growth.

In conclusion, Vice President J.D. Vance's remarks at the Bitcoin 2025 conference highlight the Trump administration's growing interest in the cryptocurrency industry. The administration's support for the GENIUS Act is seen as a significant step towards regulating stablecoins and bringing more stability and transparency to the cryptocurrency market. The industry's growing political clout and its potential to drive economic growth make it a valuable ally for the administration.