Senator JD Vance (R-OH) has been selected by former President Donald Trump as his running mate for the 2017 election. The declaration was issued on Trump’s Truth Social profile during the Republican National Convention, subsequent to an assassination endeavor on Trump only a few days earlier.
Trump emphasized the thoughtful evaluation process behind his decision, explaining that he selected Vance because of his favorable position on cryptocurrencies and his proposed legislation to modify the regulatory practices of the Securities and Exchange Commission (SEC) and the Commodities Futures Trading Commission (CFTC) in relation to crypto.
Vance has actively engaged in addressing concerns regarding the SEC, particularly his critique of the SEC’s management of the DEBT Box case. As a result of the SEC’s deceptive claims, they were instructed to compensate $1.8 million in legal fees.
cryptocurrency have emerged as a prominent subject in the current presidential race, since Trump has become the first major political party to welcome crypto donations, and the Republican Party has incorporated cryptocurrency into its agenda.
Trump’s decision to choose Vance as a candidate for a campaign supporting the crypto community demonstrates his dedication to the crypto business. Vance’s involvement in crypto legislation and regulatory matters further solidifies his suitability for this role.
If the approaching presidential election results in a certain outcome, it might have a big impact on the future of cryptocurrencies in the U.S., potentially leading to important legislative reforms.
According to Santiment, a crypto analytics business, the crypto market has responded to the attempted assassination of former president Donald Trump with Bitcoin pushing to above $64,000.
