Former U. S President Donald Trump announced J.D Vance as his vice president for his rerun for president in November. J.D. Vance has been one of the senators who have stood solidly behind cryptocurrency and its adoption.

Vance has, on several occasions, openly declared his stance and called cryptocurrency “the Future”. He even affirmed he was an investor in 2022, and further revealed that he has Bitcoin worth $100,000 and $250,000 in his holdings for years.

With an ardent crypto believer and supporter miles away from the presidency, this seems to be a positive standpoint for cryptocurrency.

Earlier this year, a video circulated online where Vance openly criticized the United States S.E.C. chairman, Gary Gensler. He slammed Gary for his unreasonable approach to regulating digital assets.

“The approach that Gary has taken to regulating blockchain and crypto seems to be almost the exact opposite of what it should be.”

J.D Vance further stressed that the S.EC. The chairman was the most unfit person to regulate the vast and ever-evolving crypto industry. He even forecasted that soon, modern tech companies and social networks will increasingly need to have their utility tokens.

The Ohio Senator was one of the personalities who played a key role in congressional efforts to repeal S.E.C. Staff Accounting Bulletin 121. He kicked against the S.E.C. rule that put a hold on financial institutions from taking custody of crypto because it needs to be listed as a liability on their balance sheets.

He also petitioned the U.S. Security and Exchange Commission over their pursuit of Debt Box and their False representation, which saw the token decline by over 50% and the freezing of their assets.

With the failed assassination of Trump and the high enthusiasm of supporters, J.D. might become the vice president in November. It’s not totally wrong to say a new dawn awaits cryptocurrency.