(Newsmax) Vice President JD Vance issued a warning for Biden administration regulatory holdovers, including those behind efforts to use threats on banks to enforce government’s political will.
“This is my vow to every single person here: You will never see this administration trying to handicap your community or diminish the impact it’s had on the economy,” Vance told the Bitcoin 2025 conference at the Venetian in Las Vegas.
“Instead, we reject the Biden administration’s legacy of death by a thousand enforcement actions. We reject regulators.
“Maybe, maybe the most important thing that we did for this community, we reject regulators. And we fired Gary Gensler, and we’re going to fire everybody like him.”
Gensler was former President Joe Biden’s chair of the Securities and Exchange Commission (SEC) who was behind Operation Choke Point 2.0 to target and debank the digital asset ecosystem.
Vance equated to regulatory actions against Bitcoin to those brought against law-abiding gun owners in the U.S. under the original Operation Choke Point during former President Barack Obama’s administration.
View More: https://www.newsmax.com/newsfront/jd-vance-bitcoin-trump-adminstration/2025/05/28/id/1212676/
After four years of mistreatment and outright hostility from Democrat regulators, there's a new sheriff in town.
— JD Vance (@JDVance) May 28, 2025
With President Trump, crypto finally has a champion and an ally in the White House. pic.twitter.com/WJPJJFUESX
