Regulation
Trump’s Vice Presidential Pick JD Vance Holds Bitcoin, Supports Pro-Crypto Legislation
Senator Mr. J.D. Vance (R-Ohio) was announced as former President by Donald Trump running mate. He is known for his pro-cryptocurrency leanings.
What happened: Vance holds over $100,000-$250,000 in Bitcoin BTC/USD, according to its latest financial statements.
Additionally, the Republican senator has promoted legislation that is considered favorable to the cryptocurrency industry. As per relationship According to Politico, Vance is working on a bill that would govern how the asset class would be regulated in the U.S.
The bill is said to establish clear guidelines on the roles of the SEC and CFTC and is a improved version of the FIT21approved by the House at the beginning of May.
Vance has also been critical of the SEC chairman Author: Gary Genslerapproach to cryptocurrency regulation, calling it “the exact opposite of what it should be.”
See also: Bitcoin, Ethereum, Dogecoin Recover as Market Reacts Positively to Trump Escape from Assassination Attempt: Analyst Predicts King Crypto Pullback Before Surge to $63.8K
Because matter: Vance’s appointment is the latest in a series of pro-crypto signals from Trump, who has actively sought to drum up support for the idea.
Whether it’s his reassurances that he’ll do the The United States is a Cryptocurrency-Friendly Destinationpositioning itself as a “president of cryptocurrencies”, or accepting political donations in cryptocurrency, the positive campaign has helped build support among supporters of this asset class.
Price Action:At the time of writing, Bitcoin was trading at $64,669.24, up 3.62% in the last 24 hours, according to data from Benzinga ProInspired by Trump Magic Coin At the time of writing, TRUMP/USD is up 11.64%.
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