• Donald J. Trump names Ohio Senator J.D. Vance as his vice presidential candidate for the Republican Party.
  • VC turned politician, J.D. Vance reveals ownership of $100,001-$250,000 in Bitcoin, highlighting his support for cryptocurrencies.

Donald J. Trump recently announced on The Truth,  a "Big Tent" social media platform, that Ohio Senator J.D. Vance will be his vice presidential candidate for the Republican Party. Due to his positive social media posts and votes for pro-crypto laws, Vance is considered a strong supporter of cryptocurrencies by Coinbase’s Stand With Crypto initiative.

Source: The Truth

Appreciating Trump, Vance took it to X (formerly Twitter) and said, “He [Trump] delivered peace and prosperity once, and with your help, he'll do it again.”

Vance, who was also a venture capitalist, now owns between $100,001 and $250,000 in Bitcoin, as revealed in his recent federal financial disclosure. He mentioned that these bitcoins are held on Coinbase in his Annual Report for 2022, filed in October 2023.

Vance also reported earning $110,146 from his Cincinnati-based firm, Narya Capital Management, and $121,376 in royalties from his bestselling 2016 memoir, "Hillbilly Elegy," published by HarperCollins.

Vance, who became a politician less than two years ago by winning an Ohio Senate seat in 2022, received endorsements from Trump during the 2022 midterm elections. In return, Vance endorsed Trump during the 2024 Republican primaries for president. 

Earlier, the Ohio senator had criticized Trump, calling him "unfit" for the presidency and stating he never liked him, even calling those who supported Trump "idiots."

Trump has intensified his cryptocurrency advocacy as part of his 2024 presidential campaign, declaring his aim to become the "crypto president." In May, he expressed his support for cryptocurrency at an event for Trump NFT holders at his Mar-a-Lago resort in Florida. 

Additionally, last month, he raised $12 million at an event in San Francisco hosted by tech venture capitalists. Executives from crypto exchange Coinbase, crypto investors Tyler and Cameron Winklevoss, and other crypto leaders were in attendance. 

Edited by Harshajit Sarmah