Bitcoin
Trump’s pick of JD Vance as VP is a big deal for the Bitcoin crowd

The Trump campaign is betting that JD Vance can win millions of voters who have digital currency to vote for them, sources told The Post.
Serious cryptocurrency investors see Ohio Senator Vance, 39, who has become a prominent figure in Silicon Valley, as someone who will take care of your interests and promote digital currency, while the Biden administration has taken a more cautious approach, with more proposed regulation for the industry.
“Vance has made a deal with voters who own crypto,” a source, who asked to remain anonymous, told The Post. “It shows how important the campaign thinks this constituency is.”
Vance is the first person on a presidential ticket to own Bitcoin — a development the campaign believes could mobilize the millions of Americans who own cryptocurrency to vote for the Republican ticket. ALLISON DINNER/EPA-EFE/Shutterstock
A Pew Research Center study published in April found that 17% of U.S. adults have purchased cryptocurrencies and the majority of that number, equivalent to about 40 million people, still own them.
“I think this is the group that decides the election — we’ve made that clear in our conversations with the Trump campaign,” said Brandon Green, who is planning the Bitcoin 2024 Conference, where Trump will speak later this month. “That’s obvious.”
In recent weeks, representatives of BTC, the parent company of the Bitcoin conference, has been speaking with the Trump campaign several times a week ahead of its appearance at the event later this month in Nashville.
Vance has also expressed interest in speaking at the conference, but sources note that campaign obligations may prevent him from attending.
It’s not just Vance, pictured with Mike Johnson, who has embraced cryptocurrency. The Republican Party has updated its platform to say “Republicans Will End Democrats’ Illegal and Un-American Crackdown on Cryptocurrency.” JUSTIN LANE/EPA-EFE/Shutterstock
Vance is the first presidential candidate to own Bitcoin, and his past pro-crypto comments help give Trump maximum credibility in the cryptocurrency space.
“You don’t have to look beyond the fact that he owns it,” Green adds.
Speculators are very excited about the prospect of how Trump — who already has his own successful line of NFT digital artworks, which are typically purchased with cryptocurrencies — and Vance could potentially open up opportunities for them.
Donald Trump notified Vance he would be on the ticket moments before publicly announcing the decision. AFP via Getty Images
“President Trump and Vice President Vance will be the first Crypto Administration,” venture capitalist Shervin Pishevar told the post.
“Expect the FDA, FCC, SEC and more to be reinvented for the 21st century and for activist policies that impede progress and innovation to cease and desist.”
And catering to cryptocurrency fans, the source adds, is a natural extension of Trump’s efforts to woo voters on economic issues.
Cryptocurrency enthusiasts believe that choosing Vance as Trump’s running mate ensures that the administration would implement Bitcoin-friendly policies. AP
“It’s a mobilized group — they’re very online, they’re very active, and this is an issue that directly affects them and their bank accounts,” one source said. “It would be insane for people in this industry to vote against their best interests.”
“These are single-issue voters, voting with their digital wallet in mind,” the source added.
Donald Trump has released three NFT collections and announced plans to launch a fourth collection of digital artwork. collecttrumpcards.com
Of course, it’s not just Trump and Vance who are seen as pro-crypto. The Republican Party updated its platform earlier this month to read, “Republicans Will End Democrats’ Illegal and Un-American Crackdown on Cryptocurrencies.”
Still, the fact that Trump — who has previously called digital currencies a “scam” — chose someone who is a longtime Bitcoin advocate seems significant, these people say.
“Crypto is a huge demographic and will have a huge impact on how people vote in 2024,” said Frank Chaparro, director of special projects at cryptocurrency news site The Block. “And that will help Trump.”
Gary Gensler cracked down on digital currency during his time at the Securities and Exchange Commission, angering many who hold cryptocurrencies AFP via Getty Images
During his administration, Biden has appointed officials who have tried to crack down on the currency — passing laws that make it harder for traditional institutions to hold cryptocurrencies.
“The Biden administration is deeply aligned with [SEC Chair] Gary Gensler, who has effectively worked day in and day out to destroy the wealth of millions of hard-working Americans,” Chaparro adds.
Vance, on the other hand, has proposed legislation allowing cryptocurrency funds and exchanges to work with traditional financial institutions. He has posted on social media and written open letters to Gensler advocating for digital currencies.
Bitcoin
Big Tech Outperforms Bitcoin (BTC) as Trump Deal Weakens Token

Bitcoin has lost out on an asset rally fueled by positive comments from the Federal Reserve, while a tight US election race casts doubt on whether Donald Trump will get the chance to implement his pro-crypto agenda.
The digital asset fell 2.4% on Wednesday, following a Fed-fueled surge in an index of megacap tech stocks Magnificent Seven by one of the largest margins in 2024. The token retreated further on Thursday, changing hands at $63,750 as of 6:10 a.m. in London.
Bitcoin
‘This is huge’ — Billionaire Mark Cuban issues ‘incredible’ Bitcoin and crypto prediction amid price slump

Bitcoin
Bitcoin
came back with a vengeance this year when former President Donald Trump Cryptocurrency boosts US presidential election in November with ‘revolutionary’ plan.
The price of bitcoin has surged to more than its all-time high in recent months, surpassing $70,000 per bitcoin and triggering a wave of mega-optimistic predictions about the price of bitcointhough it fell again this week, falling below $65,000 after the Federal Reserve kept interest rates steady.
Now, as Elon Musk suddenly breaks his silence on bitcoin and cryptocurrenciesBillionaire investor Mark Cuban called a California plan to digitize 42 million car titles using blockchain an “incredible step forward” and “huge” for cryptocurrencies.
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Mark Cuban, famous Shark Tank investor and billionaire owner of the NBA team Dallas Mavericks, has… [+] called a cryptocurrency update “amazing” amid bitcoin’s price slump.
Getty Images
The California Department of Motor Vehicles (DMV) has digitized 42 million car titles using blockchain, it was reported by Reuters, through technology company Oxhead Alpha on the Avalanche blockchain and designed to detect fraud and facilitate the securities transfer process.
“This is an incredible development for crypto,” Cuban, best known as an investor on TV’s Shark Tank and owner of the Dallas Mavericks NBA team, posted on X, joking that U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler could sue the state as part of his hostility toward cryptocurrencies and blockchain technology.
“The reason this is huge for crypto is because people who hold the tokens will have an app with an Avalanche wallet,” Cuban said. “Tens of millions of Californians having and using a crypto wallet in the next five years, or however long it takes, normalizes the use of wallets and crypto.”
John Wu, president of Avalanche developer Ava Labs, told Reuters that California’s DMV is “creating a wallet that you can download on your phone.”
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Bitcoin’s price has rallied this year, triggering a wave of bullish bitcoin price predictions from… [+] people like billionaire Mark Cuban.
Forbes Digital Assets
Last month, Cuban predicted that if the US dollar falls as the global reserve currency, bitcoin could become “a global ‘safe haven’” and a “global currency.” potentially sending the price of bitcoin to a much higher level.
According to Cuban, bitcoin could become what its most ardent supporters “envision” — a means “of protecting our economies… This is already happening in countries facing hyperinflation.”
The price of bitcoin has skyrocketed over the past year, largely due to the world’s largest asset manager, BlackRock, leading a bitcoin attack on Wall Street.
Bitcoin
Bitcoin (BTC) miner Riot Platforms (RIOT)’s second-quarter loss widens to $84.4 million as costs rise

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Bitcoin
Why Trump Wants the US Government to Have a “National Stockpile” of Bitcoin

At a national bitcoin conference in Nashville, Donald Trump finally laid out some of his crypto policy proposals, including a long-awaited part of his plan — building a strategic bitcoin reserve. CNN’s Jon Sarlin explains what it is and why the crypto industry wants it.
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