- Donald Trump has officially selected his second-in-command – Ohio Senator JD Vance.
- Vance has a history of pro-crypto proposals and, if elected, will sit alongside Trump as they navigate an evolving Web3 world.
- Historically, Vance has made some very…interesting public comments about Trump.
- Trump’s move demonstrates the Republican Party’s focus on fostering progressive digital currency policies.
There’s no rest for the wicked on the US campaign trail. Only a few days have passed since the assassination attempt on Donald Trump, and the controversial candidate is already back to making moves.
Earlier this morning, Trump was sworn in as the official Republican candidate for the upcoming election – and so too was his running mate. The Republicans will be moving forward with Ohio senator JD Vance as their potential Vice President, an interesting decision given his pro-crypto stance…and his historically anti-Trump stance.
Related: Trump Effect: Bitcoin Rallies, Surpasses $61K as Trump-themed Memecoins Surge
Vance Amendments to FIT21 Wants to Strip SEC of (Some) Regulatory Power Over Crypto
Trump’s push to become the “crypto candidate” of the upcoming US presidential election appears to have no boundaries, with JD Vance one of the industry’s biggest political proponents. Though opinions within the Republican party are mixed, Vance is a clear advocate for greater crypto regulation. In particular, Trump’s running mate has been outspoken on removing some of the SEC’s powers over the sector.
Earlier in the year, Vance went on record to discuss a potential new bill that would oppose the House-approved Financial Innovation and Technology for the 21st Century Act. The original FIT21 Act is set to “foster innovation” and “protect consumers” within the digital currency market, although whether it will make it through a divided Senate is still up in the air.
However, JD Vance has suggested several amendments to the bill, looking to create more “industry-friendly” legislation that would “take a simpler approach to determining which digital assets the SEC…oversee[s] versus the CFTC”.
JD Vance is Not Trump’s Biggest Fan
Perhaps the most interesting backstory to Trump’s choice as his second-in-command isn’t even the pro-crypto angle. Rifling back through some of JD Vance’s historical public comments makes for some rather enlightening morning reading.
Fox News sourced eight separate tweets and comments coming from JD Vance regarding Donald Trump – I’ll let you decide your favourite:
“[Trump] might be America’s Hitler,”
“[Trump] might be a cynical a**hole,”
“[Trump is] cultural heroin…noxious and reprehensible,”
“[You’d be an] idiot if you voted for him.”
Related: Trump Effect: Bitcoin Rallies, Surpasses $61K as Trump-themed Memecoins Surge
But hey, at least he wasn’t fully committed to his anti-Trump sentiment, as one Twitter user pointed out.
Regardless of their personal relationship, the decision is yet another pro-crypto manoeuvre from the Republican candidacy as they entrench themselves within the digital currency zeitgeist.
Source:
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