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On July 15, Trump selected Senator Vance as his vice presidential running mate for the 2024 election. Vance has repeatedly made statements in support of cryptocurrencies and promoted bills that are favorable to crypto policies. Autopilot shows that BTC currently accounts for 6% of his wealth management positions. Although Trump has made statements against cryptocurrencies in previous years, he has recently been regarded as a major policy supporter of cryptocurrencies. He supported cryptocurrency donations earlier and will soon attend the 2024 Bitcoin Conference on July 27 and give a speech. The following is a summary of Trump and Vance's public statements on cryptocurrencies in recent years:
Trump
July 16, 2024
According to an exclusive interview with Trump by Bloomberg Businessweek, Donald Trump revealed that cryptocurrencies will not disappear, which is remarkable. The U.S. crypto industry has a good foundation. It is still a baby now. But I don't want other countries to take over this field. Trump said that he met many top figures from the crypto industry during political donation fundraising activities. As for the reason for the current shift to embrace the cryptocurrency industry, Trump said that if we don't do it, China will take over, or other countries, but it is likely to be China. China attaches great importance to this.
Trump also said in the interview that he would launch his fourth NFT series. Trump called his previous series "very successful" and sold out in one day. The entire series was sold out, 45,000 cards. I did it three times, and I'm going to do it again because people want me to do it again. The spirit is incredible. It's beautiful.
https://www.bloomberg.com/features/2024-trump-interview/?srnd=phx-businessweek
June 12, 2024
Trump posted on his social media company Truth Social that Bitcoin mining may be our last line of defense against central bank digital currency ( CBDC ). We want all remaining Bitcoins to be made in the United States. This will help us achieve energy dominance.
On the same day, Matthew Schultz, executive chairman of crypto mining company CleanSpark Inc., said that several Bitcoin mining company representatives met with Trump at Mar-a-Lago on Tuesday night. Schultz said that Trump told the attendees that he loves and understands cryptocurrencies, adding that Bitcoin miners help stabilize the energy supply of the power grid. Trump also said that he would speak for miners in the White House.
June 8, 2024
According to Reuters, Trump said at a fundraising event that day that he would become the cryptocurrency president and that Biden and Gensler's crusade against cryptocurrency would stop within an hour of Trump's second administration taking office.
May 28, 2024
David Bailey, CEO of Bitcoin Magazine and a cryptocurrency aide to the Trump campaign, revealed that Trump had asked whether Bitcoin could be used to solve the U.S. national debt problem.
May 26, 2024
Trump promised at the Libertarian National Convention in Washington, D.C., that if he is re-elected president, he will commute the sentence of Silk Road founder Ross Ulbricht on the first day. Before his speech that day, Trump also praised the cryptocurrency industry on social media, emphasizing that the United States must maintain its leading position in the field, while President Biden hopes that the crypto industry will "slowly die", but will never allow this to happen during his tenure. Trump said he would stop Biden's actions to suppress cryptocurrencies and ensure that the future of crypto and Bitcoin is created in the United States, rather than being expelled overseas. He promised to support users' self-custody rights and said to the 50 million crypto holders in the United States: I will keep Elizabeth Warren and her minions away from your Bitcoin and never allow the creation of a central bank digital currency.
https://breakingthenews.net/Article/Trump:-I-will-ensure-crypto-history-is-made-in-US/62111768
May 22, 2024
The Trump campaign announced that it will begin accepting cryptocurrency donations, and Trump supporters can donate using "any cryptocurrency accepted through Coinbase Commerce products."
https://www.cnbc.com/2024/05/21/trump-campaign-starts-taking-cryptocurrency-donations.html
May 9, 2024
“If you support cryptocurrency, you voted for Trump because they (Biden) want to end it,” he said at an NFT dinner at Mar-a-Lago. When asked about his views on central bank digital currencies (CBDCs) and “government blockchains,” both of which are typically opposed by cryptocurrency supporters, Trump responded: “I think there’s a place for everything.” He continued: “We have some incredible things happening, I mean, looking back at cryptocurrency a few years ago, people said it wasn’t going to succeed, but now it’s in record numbers. I guess you could say it’s a form of currency, and I think I support this, and I support this more and more.” When asked how he would change the hostile US policy of expelling cryptocurrency businesses from the country, he said: “We’re going to stop it because I don’t want that, I don’t want that. I hope that if we’re going to embrace it, then we have to let them stay here.”
https://mp.weixin.qq.com/s/wBSVHaeAG7dpm2Nc-wOvPg
March 11, 2024
Trump said in an interview with CNBC that if re-elected president, his administration would not crack down on the use of Bitcoin or other cryptocurrencies through regulators. Bitcoin is already widely used. Trump said he noticed that many of the recently launched Trump brand sneakers were paid for with cryptocurrencies. When asked if he bought Bitcoin, Trump said he did not have any Bitcoin, but sometimes let people pay with Bitcoin.
https://www.cnbc.com/2024/03/11/trump-suggests-he-would-not-oppose-bitcoin.html
February 23, 2024
Trump said in the interview that Bitcoin has developed independently and may need some regulation. But many people are accepting Bitcoin. More and more people want to pay with Bitcoin. In addition, Trump said he can accept Bitcoin.
June 7, 2021
Trump said in an interview with Fox that Bitcoin is a scam and he would not be surprised if it fell below $6,000. He said the reason he hates Bitcoin is that it is competing with the US dollar.
https://www.bbc.com/news/business-57392734
July 12, 2019
Trump tweeted Thursday that he is “not a fan of cryptocurrencies,” calling them “not currencies” and citing their price fluctuations relative to the U.S. dollar. Trump also criticized Facebook’s Libra cryptocurrency project in a subsequent tweet, saying it has “little to no standing or reliability” and suggesting that U.S. regulators would regulate the social media giant.
Vance
February 2024
A group of Republican senators led by Vance wrote to Gary Gensler , chairman of the U.S. Securities and Exchange Commission ( SEC ), expressing concerns about the agency's lawsuit against the crypto company DEBT Box, accusing SEC lawyers of making misleading statements in the case and arguing that such actions undermine public trust in the SEC's enforcement actions. The senators criticized Gensler's handling of the crypto industry and called for stricter scrutiny of the SEC's enforcement actions.
https://www.politico.com/news/2024/06/26/vance-crypto-00164859
January 2024
Vance (R-Ohio) and Thom Tillis (R-North Carolina) have written to SEC Chairman Gary Gensler, demanding an explanation for the "massive price swings in Bitcoin and other cryptocurrencies" caused by false information posted by Commission Account X. "The United States has the deepest and most liquid capital markets in the world, and stability and robustness are essential if investors want to maintain trust in our markets. It is unacceptable that an institution entrusted with regulating the center of the world's capital markets could make such a huge mistake."
May 2022
Vance disclosed that he holds up to $250,000 worth of Bitcoin, and he has also received support from Bitcoin supporter and billionaire investor Peter Thiel through a super PAC.
December 2022
After FTX went bankrupt, U.S. Senator Sherrod Brown wanted to regulate cryptocurrencies, and then-Senator Vance warned against damaging the "dynamic upside." Vance said: "Our regulatory approach should fundamentally protect consumers while ensuring that the dynamic advantages of the Internet's development are not undermined." He questioned whether the development of the Internet would have been inhibited if "overbearing" regulation had been implemented decades ago.
December 15, 2022
When the Canadian government froze the bank accounts of people associated with the Ottawa Truckers protest, Vance posted: “This is why crypto is booming, if you have the wrong political views the government will cut off your access to banking services.”
https://x.com/JDVance1/status/1493575391457517568?lang=th
August 6, 2021
Vance issued a statement opposing the Portman-Warner-Sinema cryptocurrency regulatory amendment supported by Biden, arguing that the amendment benefits big tech companies while Ohioans become losers, and may lead to large-scale surveillance of the cryptocurrency community and endanger the existence of Bitcoin and other cryptocurrencies. He called on senators to reject the amendment and support the Wyden-Toomey-Lummis amendment.
