Republican presidential candidate Donald Trump has picked crypto-friendly Sen. J.D. Vance to be his vice president.
Trump announced his selection in a post on Truth Social which was widely circulated on social media on Monday.
The Ohio Republican has been favorable to the crypto industry and has been critical of the U.S. Securities and Exchange Commission. This past year, Vance, along with other Republican lawmakers, sent a letter to SEC Chair Gary Gensler to air out concerns about inaccurate statements the agency made in its lawsuit against crypto startup DEBT Box.
Vance plans to improve on FIT21 and take a more friendly approach to the industry, according to Politico.
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