JD Vance & Crypto: Future Industry Plans
- Vice President JD Vance is calling on cryptocurrency advocates to become politically active to protect the industry's interests.
- Vance highlighted the need for a lasting infrastructure for Bitcoin,especially as institutional adoption grows.
- We have to start thinking of the long term strategic implications of Bitcoin as a strategically important asset for the United States over the next decade.
vice President JD Vance demands crypto advocates enter the political arena to secure the future of the industry, emphasizing the strategic importance of Bitcoin for the U.S. as he sees it, active participation is key to shaping regulations that foster innovation and protect investors. Vance champions establishing a Bitcoin reserve,focusing on long-term implications given the investments made by many Americans. Moreover, the article explores how Thailand regulates cryptocurrencies, including Bitcoin, balancing innovation with investor protection. News Directory 3 provides readers with an essential breakdown of the key points. Discover what’s next for the industry.
VP Vance Urges Crypto Political Engagement for Bitcoin’s Future
Updated June 03, 2025
U.S. Vice President JD Vance is calling on cryptocurrency advocates to become politically active to protect the industry’s interests. Speaking in 2025, Vance stressed that engaging in political processes is essential to influencing regulations and fostering support for cryptocurrencies. He believes active participation can shape policies that encourage innovation and ensure a thriving environment for the cryptocurrency sector.
Vance highlighted the need for a lasting infrastructure for Bitcoin,especially as institutional adoption grows. He advocated for innovative solutions to enhance scalability and security while maintaining decentralization. He also emphasized regulatory clarity to build a stronger crypto ecosystem, saying collaboration with regulators can foster innovation while safeguarding consumers.
We have to start thinking of the long term strategic implications of Bitcoin as a strategically important asset for the United States over the next decade.
US Vice President JD Vance
Vance specifically mentioned establishing a Bitcoin reserve to promote its strategic importance within the U.S. government.He urged the community to consider the long-term implications of Bitcoin,given the investments many Americans have made.
Thailand’s Crypto Regulations
Thailand has established a regulatory framework for cryptocurrencies, including Bitcoin, balancing innovation with investor protection. As of June 2025:
- Bitcoin and other cryptocurrencies are classified as “digital assets,” not legal tender.
- The Securities and Exchange Commission (SEC) oversees digital asset activities,requiring operators to obtain licenses. Local banks cannot directly transact in cryptocurrency.
- The SEC has approved Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Stellar (XLM) for trading on licensed platforms.
- As April 2022, the SEC and Bank of Thailand (BOT) prohibit using cryptocurrencies for payments, citing risks like volatility and money laundering.
- Digital asset operators are subject to the Anti-Money Laundering Act, requiring them to report large or suspicious transactions.
- Income from cryptocurrencies is taxable, with profits from trading subject to a 15% withholding tax.
- The SEC does not permit spot Bitcoin exchange-traded funds (ETFs) in Thailand.
- In May 2025, the SEC announced plans to block unlicensed crypto platforms by June 28, 2025, to curb money laundering and protect investors.
- A pilot program in Phuket allows tourists to use Bitcoin via credit card-linked platforms.
- Thailand supports blockchain development through initiatives like Project Inthanon and regulatory sandboxes.
Thailand’s regulations aim to foster a secure crypto environment, but restrictions may limit accessibility. The Phuket pilot suggests openness to innovation.
What’s next
The cryptocurrency industry faces ongoing regulatory scrutiny and technological advancements. Continued political engagement and adaptation to evolving regulations will be crucial for the future of Bitcoin and other digital assets.