Regulation
Here’s Where Trump’s Vice President Pick JD Vance Takes Cryptocurrency – DL News
- Republican presidential candidate Donald Trump has chosen Ohio Sen. J.D. Vance as his running mate.
- Vance worked to pass pro-crypto legislation in Congress.
- Financial records indicate that he held – and may still hold – between $250,000 and $100,000 in Bitcoin.
Former President Donald Trump has chosen a running mate: Sen. J.D. Vance of Ohio.
“JD has had a very successful career in technology and finance and now, during the campaign, he will focus heavily on the people he fought so brilliantly for,” Trump said. published on Truth Social.
Vance became a U.S. senator from Ohio in 2023, defeating former U.S. Rep. Tim Ryan.
The race has attracted the attention of the crypto industry as both politicians were openly pro-cryptowith Vance criticize Cryptocurrency tax reporting requirements in President Biden’s infrastructure bill.
Vance also criticized the Canadian government’s decision to freeze the bank accounts of people associated with the 2022 truckers’ protests in Ottawa.
“That’s why cryptocurrency is taking off,” he said. published at the time. “The regime will cut off your access to banking services if you have the wrong policy.”
As a senator, Vance has circulated bill to overhaul how the Securities and Exchange Commission and the Commodity Futures Trading Commission regulate cryptocurrency markets, according to Policy.
Senate Financial Disclosures Also to show that Vance had between $250,000 and $100,000 in Bitcoin on Coinbase in 2022.
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Trump’s decision to choose Vance as his running mate comes two days after the former president survived an assassination attempt at a rally in Butler, Pennsylvania.
Vance was in competition for his stance against North Dakota Gov. Doug Burgum, Florida Sen. Marco Rubio and entrepreneur Vivek Ramaswamy.
Traditionally agnostic when it comes to cryptocurrency, Trump has recently embraced the cryptocurrency industry — meeting with executives of Bitcoin mining companies, promising to pardon Silk Road creator Ross Ulbricht, and stating that he will speak at Bitcoin Nashville, the largest Bitcoin event of the year, in July.
Tom Carreras is a markets correspondent for DL News. Got news on Vance and Bitcoin? Contact us at tcarreras@dlnews.com