Former US President Donald Trump has named Bitcoin-owning Ohio Senator JD Vance as his running mate, which means America will have its first crypto vice president if Trump regains the White House.
The Senator was picked “after lengthy deliberation and thought,” according to a post on Trump’s Truth Social network.
In a mandated Annual Report for the calendar year 2022 that was filed in October 2023, Vance disclosed that he owns between $100,001 and $250,000 worth of BTC.
JD Vance Known To Be Pro-Crypto
The Senator is known to have a favorable stance towards digital assets, and is in the process of drafting a bill that will change how financial regulators police crypto in the US.
A clip showing Vince calling the Securities and Exchange Commission (SEC) Chair Gary Gensler the “worst person” to be regulating the crypto industry has resurfaced online after his appointment. He made the comments in a speech at a private conference held by Y Combinator and Bloomberg on Feb. 28.
“He wants to inject politics way too much into the actual business of securities in the US,” Vance said in his talk while referring to the SEC Chair. “The approach that Gary has taken to regulating blockchain and crypto is the exact opposite of what it should be.”
Vance Has Actively Spoken Out Against Government Overreach
Vance was also among the 60 senators who voted to reverse the SEC’s controversial SAB 121 accounting guidelines. And in February he led a handful of Republican senators in raising concerns over the SEC’s enforcement action against Debt Box in a letter to Gensler.
A judge found that SEC lawyers used false statements to justify freezing Debt Box’s assets.
In February 2022, Vance also lauded crypto as a solution to government overreach when Canada’s finance minister froze the accounts of truckers who protested the COVID-19 lockdowns.
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