US Vice-President JD Vance said at the Bitcoin Conference conference in Las Vegas that Bitcoin and cryptocurrencies are able to protect against inflation and ineffective policy, therefore he called for the speedy adoption of the bill on the structure of the crypto.

The Wence said that the complex regulatory framework, which will distribute the authority to the supervision of the cryptot between the regulators, will stimulate the development of the cryptocurrency industry in the United States. The creation of clear rules will not only legalize the industry, but also protect it from possible changes in the future administration. Otherwise, in the USA there will be no conditions for the development of a crypto market worth $ 3.37 trillion, and industry companies will be forced to go to offshore.

Vice President emphasized that cryptocurrencies can become a good tool for protecting against growing inflation, discrimination from the private sector and inefficient policy at the federal level, regardless of which party is in power. According to Wans, the Trump administration admits that cryptocurrencies can provide American citizens with financial freedom, even the president himself calls himself an ally of cryptocurrencies in the White House.

The politician said that the government plans to cancel federal laws and remove the regulators that put pressure on the crypto industry. Wence mentioned the resignation of the former chairman of the US Securities and Exchange Commission (Sec) Gary Gensler and promised that the government “will dismiss everyone who looks like a secretary.”

As for the stabiblcoins, Vance said that the Trump administration does not consider them a threat to the US dollar. On the contrary, Wence called stabblecoins “a multiplier of the US economic power.” He recalled the bill Genius, which regulates the issue and appeal of stablecoins. The Senate is working hard to ensure that this document falls on the president’s table for signing.

Vance is not the only politician friendly to cryptocurrencies. The Senator Republican from the state of Wyloming Cynthia Lummis also announced the need to adopt a bill on the structure of the cryptorrhny. In March, Lammis introduced a bill on the creation of a state reserve in bitcoins.