Has Trump's choice of vice president made the United States the most crypto-friendly country?
The cryptocurrency community is ecstatic with JD Vance's selection as Donald Trump's running mate.
Vance has been outspoken on his favor of cryptocurrency; he voted against SAB 121 and owns some Bitcoin.
With his victory, Trump may be able to create a favorable climate for the cryptocurrency business in the United States.
Trump secured a complete pro-crypto position for the Republican Party on Monday, when he selected Ohio Senator JD Vance as his running mate.
When Trump chooses his vice president, his pro-crypto attitude becomes even more strong.
Trump has officially confirmed that Senator JD Vance of Ohio will be his running mate in the November presidential race. His formal nomination as the Republican party's presidential nominee at Monday's Republican National Convention in Milwaukee preceded the announcement.
"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 JD Vance of the Great State of Ohio," Trump said in a blog post.
Crypto is nothing new for JD Vance; in 2022, he came clean about owning up to $250,000 worth of Bitcoin. To further guarantee that bitcoin enterprises are well-catered to, the senator also introduced a measure in 2023 to improve banking laws.
At the same time, the crypto community is really excited by Trump's move. They think that if elected, the two may work together to solve the sector's regulatory problems. A large portion of the cryptocurrency community believes that the market will see its next bull run after Trump's victory.
At least since he entered the race for president, Trump has been a powerful force in favor of a Republican administration that is crypto-friendly. He promised that "the future of crypto and the future of Bitcoin are made in the USA" and that he would "support the right to self-custody.
