- Republican Vice President nominee J.D. Vance has disclosed Bitcoin holdings worth between $250,000 to $500,000 since 2021, highlighting his long-term commitment.
- Both Vance and Trump have publicly supported the crypto sector, with Trump pledging to make the U.S. a global crypto leader.
As per the latest federal disclosures, Republican Vice President nominee and crypto-friendly senator J.D. Vance has turned out to be a Bitcoin HODLer since 2021. For the first time in history, both members of the US Presidential ticket – Vance and Trump – have publicly disclosed their support for the crypto industry.
Vance holds a substantial stake in Bitcoin. As per the 2023 financial disclosure report, J.D. Vance’s BTC holdings stand at anywhere between $250,000 to $500,000. However, this disclosure from the Bitcoin senator is not new.
During his 2022 financial disclosure, the Republican Senator J.D. Vance stated that he holds Bitcoin worth more than a quarter-million dollars through the crypto exchange Coinbase.
However, the exact amount of Bitcoins that Vance holds is unclear as federal laws require US lawmakers to provide a range of their assets. The 39-year-old Vice President nominee of the Republican party purchased his Bitcoins back in 2021 when the BTC price was hovering between $34K to $60K, suggesting that his investments as of date could be either at a minor loss or no profit.
However, the important thing is that Vance continued to HODL his BTC even during the crypto winter of 2022 when Bitcoin dropped all the way to $10,000. It is clear that Vance doesn’t believe in touching his keys often and prefers to hold the BTC in safe custody.
The Bitcoin holdings are just a small fraction of Vince’s $4 million to $11 million in assets, which also include a home, a Schwab brokerage account, and college savings accounts for his three children.
J.D Vance And His Pro-Crypto Record
After getting elected to the Senate in January 2022, Vance took the opportunity to criticize the U.S. Securities and Exchange Commission (SEC) for the Twitter hack of the SEC’s official account on the eve of greenlighting the spot Bitcoin exchange-traded funds (ETFs). Vance is bullish on Bitcoin and expects it to surge to $100,000 levels going ahead, reported CNF.
Furthermore, Vance also supported the overturning of the controversial SAB 121 that discourages American banks from holding cryptocurrency, per the CNF report. The Biden administration has vetoed the SAB 121 repeal allowing the SEC to maintain a higher outreach on the crypto industry.
Donald Trump, Vance’s running mate, has positioned himself as a pro-crypto candidate ahead of the November presidential elections. Trump has promised to make the United States the crypto capital of the world and has asked the current government to not sell any of the Bitcoin currently in their holdings, reported CNF.
As Trump promotes ambitious crypto plans on the campaign trail, it’s uncertain how Vance’s holdings might be affected if Trump returns to the Oval Office in 2025.
