With cryptocurrencies taking center stage in Donald Trump‘s election campaign strategy, the former president recently chose a longtime cryptocurrency supporter as his vice presidential candidate. Trump, the presumptive Republican Party nominee, chose Ohio Senator JD Vance as his vice presidential candidate on Monday. According to Trump’s post on his social network Truth, the decision to choose Vance comes “after much deliberation and thought.”
“J.D. has had a very successful business career in technology and finance,” Trump wrote. Vance, a former venture capitalist in the tech industry, reportedly holds more than $100,000 in Bitcoins, according to the latest federal financial disclosures.
“[Vance] holds between $100,001 and $250,000 worth of Bitcoins through Coinbase as of 2022,” the company said – wrote cryptocurrency news reporter Colin Wu.
Vance, who appeared on stage as a senator in 2022, has introduced and voted for pro-crypto legislation. According to Politico, he recently drafted a bill that would change the way the US regulates digital assets. According to sources close to Vance, he hopes to improve the Republican-led legislation passed by the House in May.
In addition, JD Vance has also been a staunch critic of the regulatory attacks on cryptocurrencies proposed by SEC Chairman Gary Gensler. In February, Vance wrote a letter to Gensler along with GOP senators, in which he sharply criticized the case against cryptoDEBT Box.
With Trump’s announcement of Representative JD Vance’s nomination as a potential vice presidential running mate, several cryptocurrency supporters have voiced their approval. Castle Island Ventures founder Nic Carter welcomed the decision and said his choice would be “very good for cryptocurrencies.”
“JD is a great choice, a former VC and very good at cryptocurrencies,” he wrote in X. “Trump 2.0 signals a pro-technology perspective, pro-Silicon Valley and pro-American dynamics.”
In addition, Sam Lyman, director of public policy at Riot Platforms, noted that a Trump-Vance candidacy would push back the building of an “anti-crypto army” proposed by Massachusetts Senator Elizabeth Warren.
“Senator Warren’s anti-crypto army would be no match for a Trump-Vance presidency,” he – he told Lyman Fox Business.
“This is a dream ticket for anyone who believes in sovereignty and freedom of transactions.”
Meanwhile, Trump has agreed to speak at a bitcoin conference in Nashville, Tennessee , after surviving the July 13 attack at a rally in Pennsylvania. The conference will run from July 25 to 27, and his speech is reportedly scheduled for the last day.
