Front-runner in the presidential race Donald Trump has unveiled curious information! Recently, the eccentric billionaire announced that if he wins the election, James David Vance, the senator from Ohio, will become the US Vice President. The news came as a bombshell. The thing is that the potential Vice President owns Bitcoins. Meanwhile, the crypto community is scrutinizing the political profile of Trump’s nominee.
In mid-July, Donald Trump revealed that if he wins the presidential election, the vice presidency will go to James Vance. Remarkably, after the failed assassination attempt on the Republican, the chances of Trump’s winning jumped to a historical high of 71% on the betting platform Polymarket. With such a high rating, the billionaire remains confident, declaring that J. D. Vance is worthy of the US Vice President position.
Trump approves of his nominee because of similar views on several thorny issues stated by him and J. D. Vance. The Ohio senator is known for his positive stance on digital currencies. According to analysts, the crypto market is set to benefit from Trump’s victory in the presidential election. In this case, much will change in the crypto industry in the US if J. D. Vance becomes Vice President because he will introduce amendments to the legislation to tackle cryptocurrency circulation. He intends to simplify it and make it more transparent, enabling industry development. Specifically, one of his proposals is to ban regulators from forcing banks to deny services to crypto firms by threatening financial institutions with reputational risks.
Interestingly, Trump's supporter owns digital assets. Referring to a financial report filed by J. D. Vance in 2023, he holds Bitcoins worth between $100,001 and $250,000. It is known that the politician stored cryptocurrency on the Coinbase exchange platform. In addition to owning virtual assets, J. D. Vance has invested in ETFs for gold and oil and deposited about $250,000 into a brokerage account with Charles Schwab.