Donald Trump Selects Crypto Advocate JD Vance as Vice Presidential Candidate

Donald Trump Taps JD Vance, Known for Supporting Cryptocurrency, as VP Nominee

Donald Trump – Prospective Republican Party presidential candidate Donald Trump has chosen Senator JD Vance as his running mate for the 2024 election campaign.

JD Vance’s Crypto Advocacy and Background

In an announcement on July 15 via Truth Social, Trump revealed Vance, a senator from Ohio, as his vice presidential pick. Vance has been recognized as a strong advocate for cryptocurrencies, earning high praise from Coinbase’s Stand With Crypto initiative for his supportive social media posts and voting record on pro-crypto legislation.

Vance’s Crypto Holdings and Legislative Support

According to Vance’s 2022 financial disclosure report to the US Senate, he holds between $100,001 and $250,000 in Bitcoin (BTC) through the Coinbase crypto exchange. He notably backed a joint resolution aimed at overturning a Securities and Exchange Commission (SEC) rule regarding banks reporting crypto as a liability on their balance sheets — a measure that President Joe Biden later vetoed.

Political Career and Trump Endorsement

Despite previously criticizing Trump’s fitness for office, Vance, author of “Hillbilly Elegy,” entered politics less than two years ago, securing an Ohio Senate seat in 2022. Trump endorsed Vance during the 2022 midterm elections, reciprocated by Vance endorsing Trump for the 2024 Republican primaries.

Crypto in the 2024 Campaign

Crypto and blockchain have emerged as pivotal issues in the 2024 campaign landscape. Trump’s campaign has announced acceptance of crypto contributions and influenced the Republican Party’s platform to include defenses for BTC miners and opposition to central bank digital currencies (CBDCs).

Biden’s Stance on Crypto

Meanwhile, Democratic nominee Joe Biden’s campaign is reportedly exploring the acceptance of crypto donations. Recently, a senior Biden adviser participated in a roundtable with crypto industry advocates, indicating a growing engagement with crypto policy issues.

This move underscores the increasing prominence of cryptocurrency in US political discourse leading up to the 2024 elections.

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