Updated on:12/25/2025 06:32 PM 
In a landmark announcement at the 2025 Bitcoin Conference in Las Vegas, US Vice President JD Vance has officially declared the end of what crypto advocates have termed 'Operation Chokepoint 2.0,' signaling a dramatic reversal in federal regulatory approach toward the digital asset industry.
Vance emphasized that the Trump administration has put an end to what he described as the 'weaponization of federal regulations' against cryptocurrency and digital assets, assuring stakeholders that such restrictive policies would not return under the current leadership.
The term 'Operation Chokepoint 2.0' has been widely used within the cryptocurrency community to describe a series of coordinated actions by banking regulators allegedly designed to sever connections between the crypto sector and traditional US banking institutions, effectively limiting the industry's access to financial services.
A key component of this policy shift includes the removal of Gary Gensler from his position as chair of the US Securities and Exchange Commission (SEC), with Vance pledging to continue removing officials who have implemented similar enforcement strategies against cryptocurrency businesses.
During his address, Vice President Vance called for a comprehensive legislative approach to cryptocurrency policy, outlining the administration's commitment to establishing digital assets—particularly Bitcoin—as an integral component of the US financial system.
He stressed the importance of enacting a comprehensive market structure bill for crypto to prevent the $3 trillion industry from relocating overseas, warning that without clear regulatory guidelines, businesses and innovation would move to more crypto-friendly jurisdictions.
Vance further highlighted that legislation represents the most effective pathway for integrating cryptocurrencies into the mainstream economy, emphasizing the value proposition of Bitcoin and other digital assets within the traditional financial landscape.
The Vice President also referenced the GENIUS Act, legislation designed to facilitate the expanded use of dollar-pegged stablecoins while implementing robust transparency requirements. Contrary to concerns about stablecoins challenging the US dollar, Vance positioned them as a 'force multiplier' that could actually enhance the dollar's global influence and reach.
Highlighting the growing acceptance of cryptocurrency among Americans, Vance noted that approximately 50 million US residents currently hold Bitcoin, with projections suggesting this number could double in the near future. He positioned Bitcoin adoption as a strategic hedge against various economic uncertainties.
Additionally, Vance criticized what he described as ideological discrimination within the private financial sector, suggesting that decentralized blockchain networks provide Americans with protection against viewpoint-based restrictions on financial access.
This speech marks a significant milestone in the Trump administration's pivot toward pro-crypto policymaking, aligning federal executive priorities with legislative efforts focused on stablecoin regulation, establishing clear market structures, and seamlessly integrating digital assets into the traditional financial ecosystem.
