theblock.co Donald Trump selects crypto-friendly Sen. J.D. Vance as his running mate July 15, 2024, 3:47PM EDT Republican presidential candidate Donald Trump has picked crypto-friendly Sen. J.D. Vance to be his vice president. Trump announced his selection in a post on Truth Social which was widely circulated on social media on Monday. "After lengthy deliberation and thought, and considering the tremendous talents of many others, I have decided that the person best suited to assume the position of Vice President of the United States is Senator J.D. Vance of the Great State of Ohio," Trump posted. The Ohio Republican has been favorable to the crypto industry and has been critical of the U.S. Securities and Exchange Commission. This past year, Vance, along with other Republican lawmakers, sent a letter to SEC Chair Gary Gensler to air out concerns about inaccurate statements the agency made in its lawsuit against crypto startup DEBT Box. Vance, who also sits on the Senate Banking Committee, is working on a bill to regulate the industry and plans to introduce the bill in July, Politico reported last month. On the House side, lawmakers passed a bill in May to regulate crypto at large. The bill, known as FIT21, would grant more power and funding to the Commodity Futures Trading Commission to oversee crypto spot markets and "digital commodities," particularly bitcoin. Vance plans to improve on FIT21 and take a more friendly approach to the industry, according to Politico. Crypto has quickly become part of the presidential campaign. Trump has ratcheted up support for crypto over the past few months ahead of the November election. He told participants at an event at Mar-a-Lago earlier last month that he would advocate for bitcoin mining in the White House, saying miners contribute to energy grid stability. He also said he would accept political donations in the form of crypto and said he would stop "Joe Biden's crusade to crush crypto." Trump is also set to speak at the Bitcoin 2024 conference in Nashville next week. President Joe Biden's re-election campaign, meanwhile, has been reaching out to members of the crypto industry for guidance on digital asset policies, according to reporting from The Block. That marks a significant shift from the Biden administration's less-than-favorable stance on crypto. “Former President Trump has made it clear that supporting our homegrown digital asset entrepreneurs will be a priority should he win a second term,” said Blockchain Association CEO Kristin Smith in a statement on Monday. “And Sen. Vance – an emerging voice for fit-for-purpose, pro-innovation crypto legislation – is an ideal candidate to lead the Republican Party’s crypto principles. We’re encouraged that being pro-crypto is becoming a litmus test for political candidates.”
Pure madness, they supporting destruction of USD as world reserve currency. I understand that we or some of us like crypto, but government should do all that they can to destroy it or make it hard to function
%% MAY not ever happen; that junk uses so much power. TSLA stopped taking bitcon. But DJT is uptrending nicely again ; but he cant really stop biden doing anything while biden is in white house. [I'm figuring JdV does not get his own ETF\ LOL, not a prediction LOL]
I don't know how to break this to you but the US does not control Bitcoin. Anyway US dollar has been losing ground for years as the defacto world currency. https://www.imf.org/en/Blogs/Articles/2024/06/11/dollar-dominance-in-the-international-reserve-system-an-update#:~:text=Taking a longer view, over,gradually away from the dollar. The way governments are printing money it's just a matter of time before all fiat hyper inflates. https://www.forbes.com/sites/willia...icit-spending-may-end-badly-with-chinas-help/
Still think there will be hyperinflation? People were crying over 9% inflation as markets tanked, you really think hyperinflation is coming this way in the years ahead?? I highly think NOT.
Did President Trump choose him carefully? Who will be the first to be fired? He has fired quite a few people already.
I know that US does not control BTC. That is my point. They can kill crypto in few weeks should they want to but for some reason they letting it getting bigger and bigger
No they can't lol. The world does not revolve around the US...and YES even though you probably didn't learn about it in school, there is a whole big world out there where people are free. Like it or not you are all European settlers..heck there are coffee tables in Scotland that are older than your country lol.
all it would take to destroy crypto US or EU special forces shutting down BitFinex. Crypto then will die and become a small niche thing. I was not born in US and have travelled and seen the world. for reason not known to me BitFinex are allowed to exist and compete with world governments.
I remember you started buying crypto during the bear market and you were planning to load up, what happened? It wasn't as easy as you thought, huh? Bitcoin down over 70%, Ethereum down over 70%, Solana down over 90% but as you saw first hand, we crypto bros were mocked and made fun of and kept getting told that crypto was not coming back up Check out Baron's crypto journal if you need a reminder Or Laissez Faire thread on this forum past performance blah blah blah The greatest financial and monetary innovation... and you missed getting on board. You're too late. Sorry