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Donald Trump’s vice presidential candidate, JD Vance, has made headlines as the first bitcoin holder to run for Vice President.
“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 J.D. Vance of the Great State of Ohio,” Donald Trump stated in Truth Social.
Vance's history and actions in the Senate illustrate his strong support for the crypto sector, making him a notable figure in the upcoming presidential race.
JD Vance has been a vocal advocate for Bitcoin and other digital currencies. Since his election to the Senate in 2022, Vance has introduced and supported pro-crypto legislation.
Legislative Efforts
👀👀👀 NEW VIDEO— Bill Hughes : wchughes.eth 🦊 (@BillHughesDC) February 27, 2024
Ohio Senator JD Vance on Gensler:
He is way way way too political in his regulation of securities.
He has it backwards when wanting to ban useful tokens and seemingly not caring about those without specific utility.
Sen. Vance sees blockchain as key to… pic.twitter.com/yKoNmk4Bm4
Financial Disclosures and Market Influence
JD Vance is Trump's VP pick and the likely next Vice President.— RYAN SΞAN ADAMS - rsa.eth 🦄 (@RyanSAdams) July 15, 2024
He strongly supports crypto.
He voted for SAB121 repeal.
He's a holder - owned $250k bitcoin 2022 - likely more now.
He's slammed gensler in open letters.
Further evidence that Trump white house is pro-crypto. pic.twitter.com/lfbytKYII4
Protecting Crypto Firms
In 2023, Vance introduced a bill to protect crypto firms and exchanges from being cut off by traditional banks. Additionally, draft legislation for another industry-friendly bill is circulating, showing Vance's stance on supporting the sector.
Opposition to Anti-Crypto Measures
JD Vance's inclusion as Trump's VP pick signals a pro-tech, pro-Silicon Valley, and pro-American dynamism outlook. This perspective aligns with the goals of many in the crypto industry who seek a supportive regulatory environment and innovative policies.