Trump Campaign Banking on JD Vance to Win Over Crypto Voters, Sources Say
The Trump campaign is making a strategic move to win over millions of voters who own digital currency, with sources revealing to The Post that Ohio Senator JD Vance is seen as a key figure in this effort. Vance, who has become a prominent figure in Silicon Valley, is believed to be able to look after the interests of serious investors in crypto and promote digital currency, a stark contrast to the Biden administration’s proposed regulations on the industry.
With 17% of US adults reported to have bought cryptocurrency and around 40 million people still owning it, the campaign sees this demographic as crucial in deciding the election. Vance, who is the first person on a presidential ticket to own Bitcoin, is expected to mobilize the millions of Americans who own cryptocurrency to vote for the Republican ticket.
Representatives from Bitcoin conference parent company BTC have been in frequent communication with the Trump campaign ahead of his appearance at the Bitcoin 2024 Conference in Nashville. The Republican Party has also updated its platform to support cryptocurrency, with Vance’s past pro-crypto comments adding credibility to the campaign’s stance on digital currency.
Venture capitalist Shervin Pishevar predicts that a Trump-Vance administration would bring about significant changes in regulatory bodies like the FDA, FCC, and SEC to support innovation in the crypto space. The campaign’s focus on appealing to crypto fans is seen as a natural extension of Trump’s economic policies.
Overall, the selection of Vance as Trump’s running mate has energized the cryptocurrency community, with many believing that the administration would implement Bitcoin-friendly policies. In contrast, the Biden administration’s crackdown on digital currency has alienated many in the industry, making the upcoming election a crucial moment for crypto enthusiasts to vote in their best interests.