Ohio Senator JD Vance will be Donald Trump’s running mate in the upcoming November USA elections. Vance was sworn in to the U.S. Senate on January 3, 2023, as a member of the 118th United States Congress. He is the first U.S. senator from Ohio without previous government experience since astronaut John Glenn who took office.
Prior to joining the politics, Vance was deep in the Technology and Finance world. He a former Venture capitalist. Most interestingly, Vance has had personal stakes in the world of crypto. In his most recent Senate financial disclosure, the Ohio senator has not disclosed buying or selling any cryptocurrencies.
However, in his financial disclosure last year, he stated he owns between $100,000 and $250,000 in Bitcoin on the cryptocurrency exchange Coinbase. Further, Vance owns a brokerage account with Robinhood, up to $250,000 in a gold ETF, up to $100,000 in a crude oil ETF and up to $250,000 in a checking account with brokerage Charles Schwab.
If the duo get the people’s vote and Vance becomes the US Vice President, the election may have rippling effects across the world. Kenya is currently in the process of developing laws to govern digital assets in the country. Vance has himself been on a personal journey to legitimize crypto.
Most recently, the senator drafted a bill seeking to revamp how the U.S. regulates digital assets. Vance proposes to overhaul the regulatory approach of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) towards the crypto market. Crypto enthusiast say it would be even more crypto-friendly than a bill that was passed by the House in June. Last year, he also introduced a bill aimed at shielding banks from regulatory pressure to cease providing services to crypto firms.
