Key Points
- Former President Donald Trump has chosen pro-crypto Senator J.D. Vance as his running mate.
- Vance is known for his support for cryptocurrencies and his criticism of SEC Chair Gary Gensler’s approach to them.
After surviving an assassination attempt, former President Donald Trump made a public appearance at the Republican National Convention.
There, he announced that Ohio Senator J.D. Vance would be his running mate for the upcoming U.S. presidential election.
Trump’s Pro-Crypto Running Mate
J.D. Vance is recognized by Coinbase’s Stand With Crypto initiative as a strong supporter of cryptocurrencies.
This is based on his social media posts and voting record that consistently show his support for digital assets.
Trump’s choice of Vance highlights his own support for cryptocurrencies, which was first demonstrated when he confirmed his attendance at the Bitcoin Conference 2024.
Vance has expressed his dissatisfaction with SEC Chair Gary Gensler’s approach to cryptocurrencies.
He believes that Gensler’s method of regulating blockchain and crypto is incorrect and has been vocal about his views.
Vance’s Continued Crypto Advocacy
Vance has been consistently supportive of crypto.
He was part of a group of 60 senators who attempted to overturn the SEC’s SAB 121 guidelines, which restrict US banks from holding crypto assets.
He also led Republican senators in a letter to Gensler, criticizing an SEC action against crypto mining firm Debt Box.
Vance’s support for crypto and his position as Trump’s running mate is likely to attract more votes from the crypto community.
As one social media user put it, “The Trump-Vance ticket = a profound sea change for the digital asset industry.”
