Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Wednesday, July 30
    Facebook X (Twitter) Instagram Pinterest Vimeo
    Invest Insider News
    • Home
    • Bitcoin
    • Commodities
    • Finance
    • Investing
    • Property
    • Stock Market
    • Utilities
    Invest Insider News
    Home»Bitcoin»Trump’s VP pick JD Vance is first Bitcoin holder on a Presidential ticket
    Bitcoin

    Trump’s VP pick JD Vance is first Bitcoin holder on a Presidential ticket

    July 15, 20243 Mins Read


    If Donald Trump wins the presidential election in November, America will have its first crypto Vice President. Trump announced on Monday afternoon that Bitcoin-owning Ohio Senator JD Vance will be his running mate “after lengthy deliberation and thought,” according to a post on his Truth Social network.

    The senator, former venture capitalist and author of Hillbilly Elegy—a memoir of his white, working class upbringing in Ohio’s rust-belt—has personal stakes in the legitimizing of crypto. Vance owns between $100,000 and $250,000 in Bitcoin on the cryptocurrency exchange Coinbase, according to a financial disclosure by Vance last year. In addition, Vance owns a brokerage account with Robinhood, up to $250,000 in a gold ETF, up to $100,000 in a crude oil ETF and up to $250,000 in a checking account with brokerage Charles Schwab. 

    According to his most recent financial disclosure last year, Trump’s Vice President pick @JDVance1 is a bitcoiner. pic.twitter.com/p5h7EWOIE6

    — Jameson Lopp (@lopp) July 15, 2024

    Vance’s pro-crypto track record

    Vance has made no secret of being a crypto-friendly voice on Capitol Hill. Politico reported last month that Vance was circulating draft legislation that would revamp how the U.S. regulates digital assets. Vance’s plan would overhaul how the SEC and the CFTC police the crypto market, and make the current policy more industry-friendly. 

    Last year, Vance also introduced a bill that would try to protect banks from succumbing to regulatory pressure to cut off services to crypto firms, Politico reported. To do this, Vance’s bill would prohibit regulators from citing “reputational risk” when taking action against lenders. On top of this, in 2021, Vance issued a statement opposing the Portman-Warner-Sinema amendment that was proposed in the Infrastructure Bill, accusing it of ushering in “mass surveillance” of the crypto industry and a “backdoor ban” of Bitcoin. Crypto is “one of the few sectors of our economy where conservatives and free thinkers can operate without pressure from the social justice mob,” he added.

    The crypto election

    Crypto has taken on an increasingly significant role in Trump’s campaign over recent months, and the candidate has been explicit in recent months about in his desire to emerge as the “crypto president.” For example, this week the organizers of Bitcoin 2024 announced that Trump will speak at the annual conference, a tribal gathering for fans of the original cryptocurrency, which will take place this month in Nashville. 

    All of this is a major shift for Trump who in 2021 told Fox Business in 2021 that Bitcoin “just seems like a scam.”

    Trump’s efforts to court crypto stems from increasing evidence that the crypto voter is a real demographic. A Harris Poll survey published in May found that one-fifth of voters in swing states “consider cryptocurrency policies as a topic important enough to sway their support.”

    In an election that has consistently been close, a few hundred thousand votes in swing states could make the difference. Moreover, crypto has money for the right candidates. Political action committees Fairshake and Stand With Crypto have together raised over $357 million to spend lobbying pro-crypto policy makers, in a desperate bid to oust the current SEC administration that has been unapologetically hostile towards crypto. 

    Recommended Newsletter:

    CEO Daily provides key context for the news leaders need to know from across the world of business. Every weekday morning, more than 125,000 readers trust CEO Daily for insights about–and from inside–the C-suite. Subscribe Now.





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleBitcoin set for new all-time high in 2024 as worst correction ends, experts say
    Next Article Bitcoin surges as traders bet on Donald Trump election win after shooting

    Related Posts

    Bitcoin

    Bitcoin Hyper ICO Nears $6M, Targets 100X Pump In August

    July 30, 2025
    Bitcoin

    Bitcoin Price Holds Around $118K — But All Eyes Are on These Rising Crypto Presales

    July 30, 2025
    Bitcoin

    Sui, Bitcoin & Crypto – European Wrap 30 July

    July 30, 2025
    Leave A Reply Cancel Reply

    Top Posts

    How is the UK Commercial Property Market Performing?

    December 31, 2000

    How much are they in different states across the US?

    December 31, 2000

    A Guide To Becoming A Property Developer

    December 31, 2000
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews
    Bitcoin

    Les baleines Bitcoin ramassent le BTC alors que le prix se rapproche des attentes de croissance records des attentes de croissance

    July 7, 2025
    Bitcoin

    Hut 8 Corp. annonce le lancement d’American Bitcoin Corp

    March 31, 2025
    Bitcoin

    Trump Media va investir 2,5 milliards de dollars dans le Bitcoin

    May 27, 2025
    What's Hot

    Here’s What Caused the Crypto Market Crash Today

    August 28, 2024

    Canadian Utilities Limited annonce ses résultats pour l’année complète terminée le 31 décembre 2024 -Le 27 février 2025 à 13:10

    February 27, 2025

    Commodities Innovations Awards 2024 | Agefi.com

    April 3, 2024
    Most Popular

    City of Manhattan names new Director of Public Utilities

    August 14, 2024

    Stocks stumble, dollar and gold rise as traders weigh US rates, election

    October 23, 2024

    VA law prevents utility shutoffs in extreme circumstances / Public News Service

    July 12, 2024
    Editor's Picks

    Fidelity Investments 2024 Review

    July 18, 2024

    Bitcoin rises 6% while whales send massive USDT inflows to Binance

    October 14, 2024

    USD/JPY can fall even further

    August 7, 2024
    Facebook X (Twitter) Instagram Pinterest Vimeo
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    © 2025 Invest Insider News

    Type above and press Enter to search. Press Esc to cancel.