JD Vance Takes Aim at Crypto Regulators: ’Gary Gensler’s Days Are Numbered’
Washington’s crypto clash heats up as Senator JD Vance pledges to clean house—starting with the SEC’s Gary Gensler. Critics call it political theater, but the message is clear: regulators standing in crypto’s way risk becoming collateral damage.
Vance’s promise taps into growing frustration with what many see as outdated financial gatekeeping. Meanwhile, Wall Street quietly hedges its bets—because nothing screams ’innovation’ like playing both sides.
At the Bitcoin conference in Las Vegas, Vice President JD Vance made statements that turned heads. From backing Bitcoin to providing surety that crypto will be a priority, Vance received some loudest cheers.
Vice President JD Vance Delivers Remarks at bitcoin 2025 Conference at Las Vegas, NV https://t.co/m2IIVUS1j4
— Vice President JD Vance (@VP) May 28, 2025Vance declared.he said over Trump’s comeback. Vance also took a swipe at former SEC Chair Gary Gensler, who is often the target of the crypto community.
Vance calls Gensler’s crackdown a disaster
“We fired Gary Gensler and we’re going to fire everyone like him,” he said, receiving loud applause. He called the Biden administration’s approach and Gary Gensler’s actions – a complete disaster and added that these regulators hold back innovation in the name of protecting consumer interest.
Operation Chokepoint 2.0 Is Dead, Says Vance
“We prioritize eliminating the rules, the red tape, and the lawfare that we saw aimed at our crypto by our predecessors,” Vance said. “We’re ending the weaponization of federal regulations against this community. To put it simply, Operation Chokepoint 2.0 is dead, and it is not coming back under the TRUMP administration.”
Currently, 50 million Amercians own crypto and he expects the number to double and warned that without clear rules, the $3 trillion crypto industry could easily MOVE offshore.
These remarks are in line with Trump’s previous statement during the election as he pledged to remove Gensler on day one if elected. Paul Atkins is now appointed in his place who has a pro-crypto background.
