Who is JD Vance? Vice President Trump once criticized Gary Gensler, a fellow Bitcoin enthusiast

This site (120bTC.coM): The U.S. Republican Party held its national convention in Wisconsin on Monday and officially nominated former U.S. President Trump as the Republican presidential candidate. Trump also announced today on his own social media platform Truth Social announced the candidates for the deputy, announcing that the 39-year-old Ohio U.S. Senator J.D. Vance will serve as the running mate: After long deliberations and reflections, and considering the strong talents of many others, I have determined that the person best suited to serve as Vice President of the United States is Ohio Senator J.D. Vance.

Trump pointed out that JD Vance has had a very successful business career in the technology and financial fields. Now during the campaign, JD Vance will focus on the people he fights for, namely Pennsylvania, Michigan, Wisconsin, Ohio, He will fight to make America great again for American workers and farmers in Minnesota and beyond.

Trump and JD Vance will face off against Democratic opponents, current President Joe Biden and Vice President Kamala Harris in the US presidential election on November 5. After the selection of deputy candidates, Tesla CEO Musk also tweeted to congratulate J.D. Vance on becoming the Republican vice presidential candidate and praised Trump for making an excellent decision.

Who is JD Vance?

JD Vance was born in Ohio in 1984. He served in the U.S. Marine Corps. He retired and returned to his hometown to attend a local university, and then entered Yale Law School. After graduation, he joined the venture capital industry. In 2022, he joined the venture capital industry with the support of Trump. The election of the senator won.

JD Vance became famous in 2016 when he published his memoir "Hillbilly Elegy", which was adapted into a movie. The memoir recounted his experience growing up in Mead City, a working-class town in Ohio. The towns described in the book have become symbols of the industrial decline of the American Rust Belt, and are considered a must-read for understanding the "Trump phenomenon."

JD Vance once criticized Trump's racist remarks and worried that he might be "America's Hitler." However, after meeting Trump in 2021, he changed his mind. After becoming a senator, he also became Trump's A staunch ally in Congress, if elected he would be one of the youngest vice presidents in U.S. history.

Friendly to the cryptocurrency industry

It is worth noting that The Block reported that JD Vance is quite friendly to the cryptocurrency industry and is critical of the U.S. Securities and Exchange Commission (SEC). He jointly sent a letter to SEC Chairman Gary Gensler last year , expressed concern that the SEC made inaccurate statements when it sued crypto startup DEBT Box.

JD Vance is also a member of the Senate Banking Committee. He is developing a crypto-friendly regulatory bill and plans to introduce it in July. The House of Representatives passed the Financial Innovation and Technology Act for the 21st Century (FIT21) in May, granting commodity futures The Commission for Trading (CFTC) has more power and funding to regulate the cryptocurrency spot market and digital commodities, while J.D. Vance plans to improve FIT21 and adopt a friendlier attitude towards the industry.

In a financial disclosure report submitted to the U.S. Senate in 2022, J.D. Vance disclosed that he held Bitcoin in a Coinbase account worth between $100,000 and $250,000.

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