Bitcoin
Here’s Trump’s Vice President JD Vance’s Stance on Cryptocurrencies – DL News
- Republican presidential candidate Donald Trump has chosen Ohio Senator JD Vance as his running mate.
- Vance has worked to pass pro-cryptocurrency legislation through Congress.
- Financial disclosures indicate that he owned — and possibly still may own — somewhere between $250,000 and $100,000 worth of Bitcoin.
Former President Donald Trump has chosen a running mate: Senator J.D. Vance of Ohio.
“JD has had a very successful career in technology and finance and now, during the campaign, he will be heavily focused on the people he fought so brilliantly for,” Trump posted on Truth Social.
Vance will become a U.S. Senator from Ohio in 2023, defeating former U.S. Representative Tim Ryan.
The race has attracted attention from the cryptocurrency industry because both politicians were openly pro-cryptocurrencieswith Vance criticizing 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 truck driver protests in Ottawa.
“This is why cryptocurrency is taking off,” he posted at the time. “The regime will cut off your access to the banking system if you have the wrong policy.”
As a senator, Vance circulated bill to overhaul how the Securities and Exchange Commission and the Commodity Futures Trading Commission regulate cryptocurrency markets, according to Political.
The Senate’s financial disclosures also Show that Vance owned between $250,000 and $100,000 worth of Bitcoin on Coinbase in 2022.
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Trump’s decision to pick Vance as his running mate comes two days after the former president survived an assassination attempt at a rally in Butler, Pennsylvania.
Vance was competing for the position against North Dakota Governor Doug Burgum, Florida Senator Marco Rubio and businessman Vivek Ramaswamy.
Traditionally agnostic about cryptocurrencies, Trump has recently embraced the cryptocurrency industry — meeting with executives of Bitcoin mining companies, promising to pardon Silk Road creator Ross Ulbricht, and declaring that he will speak at Bitcoin Nashville, the biggest Bitcoin event of the year, in July.
Tom Carreras is a markets correspondent for DL News. Have any tips on Vance and Bitcoin? Contact him at tcarreras@dlnews.com