Latest / NO FILTER / _We reject regulators__ Vance praises Trump crypto push at Bitcoin 2025 Conference(MP3_160K)

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_We reject regulators__ Vance praises Trump crypto push at Bitcoin 2025 Conference(MP3_160K) · NO FILTER

• 0:00
  Speaker 1: Vice President JD. Vance. He did not go to Harvard,
• 0:02
  Speaker 1: but he did go to Yale well. He headlined the
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  Speaker 1: Bitcoin twenty twenty five conference today, speaking for thirty minutes
• 0:09
  Speaker 1: about this administration's full crypto friendly embrace. Watch this.
• 0:15
  Speaker 2: I'm here today to say loud and clear with President Trump,
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  Speaker 2: crypto finally has a champion and an ally in the
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  Speaker 2: White House. The consistent fear that I hear, with all
• 0:26
  Speaker 2: the great things that have happened over the last couple
• 0:29
  Speaker 2: of months, the consistent fear that I hear is that
• 0:33
  Speaker 2: there's still this perception that digital assets are not welcome
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  Speaker 2: in the mainstream economy. We want our fellow Americans to
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  Speaker 2: know that crypto and digital assets, and particularly bitcoin, are
• 0:45
  Speaker 2: part of the mainstream economy and are here to stay.
• 0:48
  Speaker 2: I still own a fair amount of bitcoin today. Maybe
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  Speaker 2: the most important thing that we did for this community.
• 0:54
  Speaker 2: We reject regulators.
• 0:57
  Speaker 1: He owns a fair amount of bitcoin. Donald Trump has
• 1:01
  Speaker 1: to mean coin and Howard Lutnix Investment Bank Canna Fitzgerald
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  Speaker 1: is a big advisor to crypto businesses. But moving on,
• 1:08
  Speaker 1: what was your biggest takeaway?
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  Speaker 3: It's worth thinking back what happened at this conference last year.
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  Speaker 3: Then candidate Trump came and spoke, and you could see
• 1:14
  Speaker 3: how surprised he was at the reaction he got. He
• 1:16
  Speaker 3: talked about getting rid of ger against kind of welcomed
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  Speaker 3: all of that. He had this kind of total change
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  Speaker 3: of perspective on crypto at that conference when he recognized
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  Speaker 3: the fact that he could make a lot of money
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  Speaker 3: off of it, and in fact he's done get all
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  Speaker 3: those people to vote for it, and get all those
• 1:29
  Speaker 3: people to vote for him as well. I want to
• 1:31
  Speaker 3: point out something else that happened today was the Labor
• 1:33
  Speaker 3: Department relaxed this rule, took away this rule that said
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  Speaker 3: you can't invest in four one k's digital assets and cryptocurrency.
• 1:39
  Speaker 3: You often make the very good point there's a difference
• 1:41
  Speaker 3: between traders and investors. People who are saving for retirement
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  Speaker 3: are investing. They are in it for the long haul.
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  Speaker 3: That's how they should approach it. There is some incongruity
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  Speaker 3: when it comes to putting digital assets that have the
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  Speaker 3: amount of volatility we've seen since their inception into portfolios
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  Speaker 3: like that. You talked to the seasoned investors who say, look,
• 2:01
  Speaker 3: it should be a little spicy sauce on your portfolio.
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  Speaker 3: You don't want to put all of your money into
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  Speaker 3: digital assets. Well, there are gonna be people who listen
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  Speaker 3: to jd Vance listen to Donald Trump talk about this.
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  Speaker 3: They're going to think, you know what, there's money to
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  Speaker 3: be made here. I'm going to go all in and
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  Speaker 3: that could have really deleterious effects for people who are
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  Speaker 3: saying for the retirement.
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  Speaker 1: What's your take on all of this?
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  Speaker 4: He did much better than the Harvard conversation. So you
• 2:22
  Speaker 4: bounce back.
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  Speaker 1: There you go.
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  Speaker 4: This entire administration is engaging in a cash grab while
• 2:29
  Speaker 4: they joy ride the White House. Jd Vance is a
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  Speaker 4: young man and he is thinking about future entrepreneurial pursuits.
• 2:37
  Speaker 4: He's thinking about what his business profiling.
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  Speaker 1: Clear he doesn't need future entrepreneurial pursuits. They're making so
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  Speaker 1: much money in this White House.
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  Speaker 2: They don't need to do anything.
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  Speaker 1: Four years from now, they can all buy their own islands.
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  Speaker 4: They don't need to be entrepreneurs. It is it is
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  Speaker 4: something else. But we can't forget about how nations are
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  Speaker 4: leveraging the Trump mean coins.
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  Speaker 1: Talk about this. This is so important.
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  Speaker 4: It is the greatest untold story. Right now, you have
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  Speaker 4: the ability of any nation to set up an LLC
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  Speaker 4: and We've already seen this occur by tens of millions
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  Speaker 4: of dollars of the Trump meme coin. Trump makes money
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  Speaker 4: twice in that way, makes money on a transaction fee,
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  Speaker 4: and makes money because the asset of which he still
• 3:19
  Speaker 4: holds millions and millions the exchange.
• 3:22
  Speaker 1: And he has the mean coin, and the mean coin
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  Speaker 1: has no underlying value none zero.
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  Speaker 4: One could argue that bitcoin maybe does as a commodity
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  Speaker 4: of sorts. Now that's certainly not the case when you
• 3:35
  Speaker 4: create a mean coin out of thin air. But nonetheless,
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  Speaker 4: it doesn't matter what nation they are. There are tens
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  Speaker 4: of them doing this, sitting down, whether it's an emissary
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  Speaker 4: or the ambassador and saying, here's the paper proof. I
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  Speaker 4: just put millions of dollars in your pocket and in
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  Speaker 4: your kid's pocket too. Now, let's talk shop. That's not
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  Speaker 4: just corruption. That's illegal. It's unconstitutional. But it's happening in
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  Speaker 4: every single right now.
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  Speaker 1: It's illegal, it's unconstitutional. But what's going to stop it.
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  Speaker 1: You've got an SEC chair who's a crypto booster. There's
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  Speaker 1: no one that's going to stand in the way of this.
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  Speaker 5: No, And I have to say, Crypto got so excited
• 4:11
  Speaker 5: about Trump because they thought, oh, this guy's not going
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  Speaker 5: to regulate us.
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  Speaker 1: But they were right.
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  Speaker 4: They were right.
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  Speaker 5: But also Democrats too, I mean nobody regulated Facebook. There
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  Speaker 5: has been like almost no regulation.
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  Speaker 4: From Congress at all.
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  Speaker 5: Like how we got to Congress giving away all its
• 4:27
  Speaker 5: power is refusing to regulate anything.
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  Speaker 1: Yes, because industries that are flush with cash, like technology
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  Speaker 1: or crypto, you know what they do, donate big to
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  Speaker 1: all longing to Dems too.
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  Speaker 5: I mean there are so many Democrats. There's been so
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  Speaker 5: much reporting about this. I mean even you know jillibrandt
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  Speaker 5: who took tons of money. And you know what happens
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  Speaker 5: is that these guys and the crypto people they give money,
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  Speaker 5: they run ads against your candidate, against the candidate you're
• 4:56
  Speaker 5: running against. I mean, this is really They are really
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  Speaker 5: the Exxon of this decade.