- Donald Trump has selected pro-crypto Senator JD Vance as his running mate.
- Vance’s pro-crypto stance complemented Trump’s support for digital assets.
After surviving the assassination attempt on July 14, former President Donald Trump made his first public appearance at the Republican National Convention in Milwaukee.
Trump chooses Vance as vice president
During the event, Trump announced Senator JD Vance of Ohio as his running mate for the upcoming US presidential elections.
According to the source, JD Vance is recognized as a strong crypto supporter by Coinbase’s Stand With Crypto initiative, based on his pro-crypto social media and voting report.
Take to Truth SocialTrump noted,
“After much consideration and consideration, and taking into account the tremendous talents of many others, I have determined that the person best qualified to assume the position of Vice President of the United States is Senator J.D. Vance of the Great State of Ohio is…”
This highlighted Trump’s continued support for cryptocurrencies, the first example of which was his confirmation to attend the Bitcoin Conference 2024 despite the recent attack.
Vance emphasized his gratitude, saying:
Source: JD Vance/X
Vance vs. Gensler?
Vance is known for his pro-crypto stance and his dissatisfaction with SEC Chairman Gary Gensler’s approach to cryptocurrencies.
During Remedy Fest, a private conference hosted by Y Combinator and Bloomberg on February 28, Vance expressed his views and stated:
“If there is a candidate for worst person in my opinion, at least as far as my substantive disagreement is concerned, it is Gary Gensler.”
Vance attacked Gensler’s approach to crypto, adding:
“The approach Gary has taken to regulating blockchain and crypto is the exact opposite of what it should be.”
Vance continued his support for crypto
This is not the first time Vance has spoken out about crypto. On May 16, he joined 60 senators to overturn the SEC’s SAB 121 guidelines, which ban US banks from holding crypto assets.
Earlier, on February 7, Vance led Republican senators in a letter to Gensler criticizing an SEC action against crypto mining company Debt Box.
Moreover, Vance already reported in a 2022 financial disclosure that he held between $100,001 and $250,000 worth of Bitcoin.
Trump will likely attract more votes from the crypto community
Over time, it has become clear that the crypto community is starting to lean in Trump’s favor. As explained by X (formerly Twitter) user Sam Lyman,
“The Trump-Vance ticket = a profound change for the digital assets industry.”
Repeating the same, @Eug_Ng added,
“This is even more bullish for crypto now with a Trump and Vance presidential victory.”