Washington
Vice President JD Vance spoke the language of love for cryptocurrency investors when he declared on Wednesday that he “denies regulators” at Bitcoin 2025 in Las Vegas.
As Veep sees, Bitcoin is not just a good investment, it’s a good investment for the country too. The code, he argued, is “a hedge against bad policy decisions in Washington.”
And “Crypto has finally a champion and an alliance in the White House.”
It’s true. Trump Media has announced that it has a top gun in its oval office, raising $2.5 billion to invest in Bitcoin.
Among us, President Donald Trump’s alliance with the code is not the cause of celebration.
Yes, I understand that Big Money practices boring wage lenders, gun-related businesses and other fascinating pursuits. Left-handers in the corporate boardroom used their influence to alienate those whose business pursuits and politics were disgusting.
Vance’s Vegas speech shows blowback.
Still, as Trump announced in March, Uncle Sam is so old that he wonders whether he should create a strategic Bitcoin reserve and digital assets stockpile.
Politically, this may be familiar with. California Democratic strategist Dary Slagou recognizes “a key correlation between crypto fans and crypto fans” and conservatives who like freedom and privacy.
“A practical issue, politically, it’s a mistake to crush it to the ground,” Sulagou pointed out.
However, Sragow added that the government “economically I don’t know how you can make the claim.” Crypto is a very speculative venture in the early stages.
At the Berkshire Hathaway shareholders meeting in 2018, Warren Buffett is famous for calling Bitcoin “probably the Rat Poison Square.”
“From a cryptocurrency perspective, in general, I can almost certainly say they’ll end up at a bad end,” the Omaha oracles warned.
Other investors have a bigger stomach for risk. Bitcoin 2025 attendees Meshawn and Detroit’s Matthew Maddock told Review-Journal that the investment in Crypto is great. And Meshawn added, “If I had to lose, it was the money I could afford to lose.”
Undoubtedly taxpayer money with corporate welfare should have a higher standard.
During Trump’s first term, the Big News organization was pinned about how foreign concerns and corporate profits spent money at Trump International Hotel DC.
According to Bloomberg, you wouldn’t think Trump was the only president to lose money during his first term.
But in the code, Trump is standing to enjoy a huge payday.
I can’t help but see the Trump Crypto bromance through the Solindra lens that some readers may remember.
In 2010, then-President Barack Obama visited Bay Area solar panel makers, where he declared, “The true engine of economic growth will always be a Solindra-like company.” His administration gave Solyndra a $535 million federal loan guarantee.
In 2011, Solyndra filed for bankruptcy.
Lesson: Nodding from Washington is not guaranteed.
David R. Burton of the Heritage Foundation was extremely critical of the “very aggressive” treatment of the Biden administration’s code. He said, “It is my hope that the administration will begin to wipe out the chaos.”
Or, as Vance said in Vegas, “There’s a new sheriff in town.”
Please contact Review-Journal Washington columnist Debra J. Saunders at dsaunders@reviewjournal.com. Follow @debrajsaunders on X.
