CNBC’s MacKenzie Sigalos joins 'Closing Bell' to discuss Vice President JD Vance’s keynote at bitcoin’s flagship event in Las Vegas — and the Labor Department’s reversal of 2022 guidance that had discouraged crypto in retirement accounts.
BreakdownGenerated by LeadStory AI
- Vice President J.D. Vance addressed over 35,000 attendees at Bitcoin 2025 in Las Vegas, calling crypto a hedge against poor policymaking. 23s
- Vance stated that the administration is removing anti-crypto regulatory holdovers and supports legitimizing stablecoins. 34s
- The Labor Department reversed a 2022 rule, now allowing fiduciaries to decide on including crypto in 401(k) plans. 1m 2s
- Vance argued that stablecoins could strengthen the U.S. dollar and serve as a force multiplier for the economy. 47s
- The administration is urging lawmakers to pass crypto bills, including the Genius Act, before the August recess. 1m 28s