Senator J.D. Vance, named as Donald Trump’s running mate, could significantly influence crypto regulation in the U.S. due to his pro-crypto stance.
Points
- Trump names Senator J.D. Vance as his running mate.
- Vance holds substantial BTC holdings and supports crypto-friendly legislation.
- Vance could lead crypto regulation efforts if Trump wins the election.
Following an assassination attempt, Donald Trump has named Senator J.D. Vance as his running mate for the upcoming presidential election. This decision has significant implications for the cryptocurrency ecosystem, given Vance’s strong pro-crypto stance.
ZyCrypto
Since Vance’s introduction as the vice presidential candidate at the Republican National Convention （RNC）, his views on digital assets have garnered considerable attention. Vance reportedly holds between $100K and $250K worth of BTC on Coinbase, reflecting his personal investment in the space.
Vance has consistently supported virtual currency legislation in Congress. Notably, he voted for a joint resolution to prevent the SEC from classifying digital assets as liabilities for financial institutions. However, he opposes the concept of a central bank digital currency （CBDC） in the U.S., fearing government control over citizens’ funds.
“This is why crypto is taking off,” wrote Vance on X. “The regime will cut off your access to banking if you have the wrong politics.”
Currently, Vance is spearheading a new virtual currency regulation in the Senate, widely considered robust in its provisions for investor protection. He has criticized SEC Chair Gary Gensler’s approach to blockchain and crypto regulation, advocating for a more balanced and supportive framework.
“The approach that Gary has taken to regulating blockchain and crypto is the exact opposite of what it should be,” said Vance at a private conference in February.
解説
- Vance’s pro-crypto stance and legislative efforts could shape the future of U.S. crypto regulation.
- His significant BTC holdings demonstrate a personal commitment to the industry.
- If Trump wins the election, Vance’s influence could lead to more favorable regulatory conditions for the cryptocurrency market.