Silicon Valley and Crypto CEOs chose Bitcoin Hodler JD Vance as Vice-President

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Last Updated on 18 July 2024 by CryptoTips.eu

Ever more details are emerging about Donald Trump’s choice of Senator JD Vance as his running mate. Apparently, the dinner with several CEOs from Silicon Valley and the crypto world which we reported on about a month ago, seems to be the origin of his choice. The usually well-informed New York Times confirmed such this week.

Just like in 2020, American crypto companies appear to be donating a lot of money to the election candidates, hoping for a more positive political climate in the world’s largest economy.

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Crypto President

In early June, Donald Trump went on a fundraising tour in California. That was very remarkable as that state traditionally votes Democratic.

There he met several CEOs from both the tech world of Silicon Valley and the crypto world of Los Angeles. During a dinner in San Francisco, Trump declared that he would become the first ‘crypto president’. Bitcoin briefly did very well thanks to that statement.

Sacks

Back then, well-known investor David Sacks stated that the crypto and tech industry prefer Trump over Biden, even though San Francisco is mostly Democratic-leaning.

Almost six weeks later, it now appears that Sacks, together with several crypto CEOs who were present, advised Trump that evening to choose JD Vance as his Vice President candidate. That information was published in the New York Times this week.

Vance is a Bitcoin Hodler and announced in 2022 already that he owns around $250,000 worth of digital coins.

Meanwhile, US crypto companies such as Coinbase, Gemini and Bitcoin fans such as Elon Musk are promising to donate ever larger amounts of money to Trump’s campaign.

In 2020, it was mainly Sam Bankman-Fried, or SBF, of the then very large crypto platform FTX, who made donations to American political parties during the presidential elections. By now, SBF has been convicted of fraud and is serving a 25-year prison sentence.

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / [email protected]
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