Former President Donald Trump has announced JD Vance, a pro-crypto senator from Ohio, as his vice-presidential running mate. Vance has been a vocal supporter of cryptocurrency throughout his political career, adding to the anticipation of a potentially “pro-cryptocurrency” administration if Trump secures another term in office.
Announcement on TruthSocial
Trump made the announcement on the social media platform TruthSocial, stating, “After lengthy deliberation and thought, and considering the tremendous talents of many others, I have decided that the person best suited to assume the position of Vice President of the United States is Senator JD Vance of the Great State of Ohio.”
JD Vance’s Pro-Crypto Record
Senator Vance has consistently advocated for cryptocurrency, often standing against his Senate colleagues on related issues. Notable actions include:
- Repealing SAB 121: Vance voted to repeal the SEC’s crypto accounting policy, showing his support for less stringent regulations.
- Criticism of the SEC: He criticized the SEC’s handling of the Debt Box case, reflecting his pro-crypto stance.
- Legislation: In 2023, Vance introduced a bill to improve bank regulation, ensuring that customers, including crypto firms, are not discriminated against.
Also Read: Trump to Attend Nashville Bitcoin Conference
Disclosure of Bitcoin Holdings
In 2022, Vance disclosed Bitcoin holdings worth up to $250,000, making him the first presidential or vice-presidential candidate to openly hold cryptocurrency. While it remains unclear if he still holds Bitcoin or other cryptocurrencies, his previous disclosure underscores his commitment to the digital asset space.
With both Trump and Vance being pro-crypto, their potential administration could foster a favorable environment for cryptocurrency and blockchain technology, potentially shaping the regulatory landscape in a way that supports innovation and growth within the industry.
