Republican presidential nominee Donald Trump has selected Ohio Senator J.D. Vance as his vice-presidential running mate.
Vance, who has actively worked to advance crypto-friendly legislation in Congress, has financial records indicating he previously owned, and may still own, between $250,000 and $100,000 in Bitcoin.
Trump Picks Senator J.D. Vance as Running Mate
Former President Donald Trump has selected Ohio Senator J.D. Vance as his running mate. Trump highlighted Vance’s successful career in technology and finance and expressed confidence that Vance would remain focused on advocating for the people he has championed.
Vance, who became a U.S. Senator in 2023 after defeating former Representative Tim Ryan, gained attention from the crypto industry due to his pro-crypto stance. He has criticized crypto tax reporting requirements in President Biden’s infrastructure bill and denounced the Canadian government’s decision to freeze bank accounts of those involved in the 2022 Ottawa trucker protests, arguing that such actions highlight the growing appeal of crypto.
As a senator, Vance has been involved in drafting legislation aimed at reforming how the Securities and Exchange Commission and the Commodity Futures Trading Commission regulate crypto markets. Additionally, Senate financial disclosures from 2022 reveal that Vance owned between $250,000 and $100,000 in Bitcoin on Coinbase.
Trump Chooses J.D. Vance as Running Mate Amid Recent Events
Donald Trump’s decision to select Senator J.D. Vance as his running mate comes just two days after the former president survived an assassination attempt during a rally in Butler, Pennsylvania. Vance was competing for the position against North Dakota Governor Doug Burgum, Florida Senator Marco Rubio, and entrepreneur Vivek Ramaswamy.
Traditionally indifferent to cryptocurrency, Trump has recently shown a growing interest in the crypto industry. He has met with executives from Bitcoin mining firms, promised to pardon Silk Road creator Ross Ulbricht, and announced that he will speak at Bitcoin Nashville, the largest Bitcoin event of the year, in July.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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