Donald Trump Picks Ohio Senator J.D. Vance as His VP Running Mate
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- The potential return of Donald Trump to the White House in 2025, with pro-crypto policies, could significantly accelerate cryptocurrency adoption in the U.S.
- Trump’s selection of J.D. Vance, a known crypto supporter, as his running mate, signals a possible shift towards favorable crypto regulations under a Trump administration.
The cryptocurrency landscape is poised to gain mainstream attention. The likelihood of former President Donald J. Trump returning to office in 2025 is increasing.
A pro-crypto administration would significantly impact the industry. For years, the U.S., the world’s largest economy, has kept Web3 at the periphery.
The industry’s struggles can largely be attributed to its exclusion from regulated financial markets. This situation is expected to change, leading to rapid adoption.
However, those hoping for Web3 to remain a separate, regulation-free economy might be disappointed. The next phase for crypto will likely involve its integration into the existing financial system, greatly benefiting the U.S.
But why do experts say so?
Trump recently announced on The Truth social media platform that Ohio Senator J.D. Vance will be his vice presidential candidate for the Republican Party.
Vance is viewed as a strong supporter of cryptocurrencies, highlighted by his favorable social media activity and votes for pro-crypto legislation, as recognized by Coinbase’s Stand With Crypto initiative.
Previously a venture capitalist, Vance disclosed in his recent federal financial report that he owns between $100,001 and $250,000 in Bitcoin, which he holds on Coinbase as per his 2022 Annual Report filed in October 2023.
Additionally, Vance reported earning $110,146 from his Cincinnati-based firm, Narya Capital Management, and $121,376 in royalties from his 2016 memoir, “Hillbilly Elegy,” published by HarperCollins.
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