Crypto is ‘Ideal Policy Area’ for Donald Trump’s VP Pick J.D. Vance to Take the Lead On
Industry experts and commenters seem to agree that J.D. Vance, the US Vice President pick made by the former President and current Presidential hopeful, Donald Trump, is good news—at least for crypto, at least for now.
Donald Trump, who was recently found guilty of 34 counts in a Manhattan court, is back on the campaign trail for the 2024 US elections.
This week, the presumptive GOP nominee chose a Trump-critic-turned-Trump-supporter, Ohio Senator J.D. Vance, as his running mate.
As was the case with Trump himself, the crypto space has now turned its attention to the VP hopeful and his possible impact on the industry.
According to Dylan Bane, Enterprise research analyst at blockchain analytics and research firm Messari, “while much is still uncertain in this unprecedented election, Vance seems to bode well for the crypto industry.”
@JDVance1 will be Trump’s Crypto Tsar and might outright abolish the SEC.
Not an exaggeration (mostly).
What J.D. Vance as Vice President could mean for crypto. ⬇️ pic.twitter.com/TDjhoPrHa2
— Dylan Bane (@dylangbane) July 16, 2024
At the time of writing, Polymarket puts Trump’s odds of winning the election at 69%, compared to current President Joe Biden’s 19%. Additionally, there are calls for Biden to drop out of the race following the first debate in this election season.
Should Trump win, Vance is likely to become the country’s VP.
This Tuesday, Messari’s Bane discussed Vance’s potential impact on the crypto industry.
He noted that in the USA, vice presidents have limited power to drive policy. The president usually assigns them secondary policy objectives to improve their record for future elections.
And Trump himself has limited knowledge – if any – of blockchain, crypto, and the legislation that
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