Key Takeaways
- Trump has partnered with JD Vance to attract Bitcoin voters.
- Vance is the first presidential candidate to own Bitcoin.
- Biden’s administration has taken a more regulatory approach to Bitcoin.
Donald Trump has chosen JD Vance as his vice-presidential candidate, aiming to attract millions of Bitcoin voters, sources revealed to The New York Post.
The Ohio senator and Silicon Valley figure is seen as a champion for digital currency, contrasting with the Biden administration’s regulatory stance.
17% of Americans own Bitcoin or crypto
A Pew Research Center study from April shows that 17% of US adults have bought cryptocurrency, with around 40 million still holding it. Brandon Green, organizer of the Bitcoin 2024 Conference, emphasized:
This is the group that decides the election — we drove that home in our conversations with the Trump campaign.
Vance, the first presidential ticket candidate to own Bitcoin, could mobilize these voters. Representatives from BTC, the parent company of the Bitcoin conference, have been in frequent contact with the Trump campaign, discussing his appearance at an upcoming event in Nashville.
Republican Party updates and Vance’s advocacy for Bitcoin-friendly policies further solidify this strategy. Venture capitalist Shervin Pishevar stated,
President Trump and Vice President Vance will be the first Crypto Administration.
The selection of Vance, a Bitcoin advocate, marks a significant shift from Trump’s previous criticism of digital coins. Frank Chaparro from The Block noted,
Crypto is a huge demographic and will very much impact how people vote in 2024.
Biden’s administration, led by SEC Chair Gary Gensler, has faced backlash for its regulatory approach. Vance’s proposed legislation to integrate crypto with traditional financial institutions highlights the clear divide between the two campaigns on this issue.
