Donald Trump’s pick for VP, JD Vance, plays his cards well about crypto. He puts his money where his mouth is. As the US presidential election commences, crypto enthusiasts are looking into a ticket that could shake things up.
A recent filing shows JD Vance owns Bitcoin worth $250,000 to $500,000, which proves he’s all into crypto. If this pair wins, it might lead to significant changes for crypto in the US.
How Much Bitcoin Does JD Vance Own?
According to a CBS report, JD Vance owns a Bitcoin investment between $250,000 and $500,000. Vance supports a lot of digital assets. He often provides criticism on the part of the government, which hinders innovation.
He criticized Gary Gensler for being keen on pursuing enforcement against companies that deal with crypto rather than giving guidelines.
Something to keep an eye on post election
JD Vance’s stock portfolio is heavy “Tech”
Since he’s a sitting Senator, we’ve had access to his portfolio
~$5M of the QQQ
~$1M of the SPY
~$1M of the Dow
~$250K of Gold
~$250K of Bitcoin $BTCKudos to him for being mostly in index’s… pic.twitter.com/BITW3tnJtF
— Nancy Pelosi Stock Tracker ♟ (@PelosiTracker_) November 4, 2024
Vance also contributed to the development of the SAB 121 bill, which is a cryptocurrency legislation in a positive light. The fact that he is holding Bitcoin shows that he is not all talk and is backing what he supports in practice. This also indicates that he considers such investments as a means to generate profit.
#1 Policy Implication of JD Vance Vice Presidency?
Crypto.
“JD Vance reportedly working on legislation that’s more ‘crypto-friendly than a House bill that passed this year” pic.twitter.com/imXWeEex0B
— matthew sigel, recovering CFA (@matthew_sigel) October 29, 2024
Trump and JD Vance: A Pro-Crypto Duo
Vance isn’t the only one going all in. His running mate, Donald Trump, has shifted to the other side, with Bitcoin and other digital currencies being his favorite. Trump has even made campaign promises to the crypto community, such as firing SEC Chair Gary Gensler, whom most crypto community members regard as an obstacle to their growth.
Recently, Trump urged crypto voters to support him, calling for an end to what he describes as “Kamala Harris’s war on crypto.” He also promised to consider commuting the sentence of Ross Ulbricht, the creator of the Silk Road marketplace, which utilized Bitcoin. This promise and Vance’s Bitcoin investment signal a robust pro-crypto agenda from the Trump-Vance team.
🚨 President Trump just vowed to FIRE anti-crypto SEC Chair Gary Gensler on DAY ONE
MASSIVE applause! 🔥 pic.twitter.com/Aam76J1zx9
— Nick Sortor (@nicksortor) July 27, 2024
How the US Government Handles Bitcoin
While some US politicians, like Vance, are getting into Bitcoin, the government holds its stash of BTC—208,109 Bitcoin, to be precise—totaling around $14.59 billion. Many of these holdings are from criminal-seized properties linked to the Silk Road market.
Source: Dune
With JD Vance’s significant Bitcoin holdings and Trump’s support, a potential Trump-Vance administration could push the US toward more crypto-centric policies. If elected, their leadership could create conditions supporting digital asset development and innovative solutions.
Disclaimer
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