Vance announced the failure of Operation Chokepoint 2.0, pledging to clarify the encryption market.

At the 2025 Bitcoin Conference, U.S. Vice President J.D. Vance announced a major piece of news, stating that "Operation Chokepoint 2.0" has completely failed. This operation had been a nightmare for the encryption industry, restricting the industry's connections with the U.S. banking system.

But now, Vance has pledged that the Trump administration will end this practice of "federal regulation weaponization" and ensure that the encryption currency market welcomes a clearer and more friendly legislative environment.

Vance pointed out that the government has removed former SEC Chairman Gary Gensler and has promised to continue replacing officials who adopt similar enforcement strategies. This move indicates the government's support for the encryption industry and its expectations for future legislation.

The Vice President also called on Congress to pass the comprehensive cryptocurrency market structure bill to ensure the position of digital assets (especially Bitcoin) within the U.S. financial system. He warned that if clear regulatory guidelines are not established, this $3 trillion industry could move overseas.

Vance also mentioned the GENIUS Act, which aims to expand the use of stablecoins pegged to the dollar and impose transparency requirements.

In addition, Vance estimates that there are currently 50 million Americans who own Bitcoin, and he states that this number may double in the near future. He defines the adoption of Bitcoin as a hedge, providing protection against both political risks and inflation.

In summary, Vance announced the failure of Operation Chokepoint 2.0 at the 2025 Bitcoin conference, a decision that marks a significant shift in the Trump administration's stance on encryption regulatory policies.

At the same time, he also promised to strengthen the regulation of stablecoins, promote market transparency, and facilitate the integration of digital assets with the traditional financial system. This series of statements also demonstrates the government's new support for the encryption currency industry.

#加密货币 # Bitcoin #encryption regulation