Summary:
J.D. Vance holds between $101,000 and $250,000 in Bitcoin.
His Bitcoin is stored in a Coinbase account, first reported during his 2021 Senate race.
Vance's assets total between $4 million and $11 million, with Bitcoin being a small portion.
Vance received a strong rating from Stand With Crypto for his support of pro-crypto legislation.
Trump aims to make the U.S. the "Bitcoin superpower of the world".
J.D. Vance's Bitcoin Holdings
Senator J.D. Vance (R-OH), recently announced as former President Donald Trump's running mate, has revealed he holds between $101,000 and $250,000 worth of Bitcoin as per his 2023 financial disclosure. This Bitcoin is stored in a Coinbase account, a detail he previously reported in his 2022 and 2021 disclosures during his Senate campaign.
The Value of His Assets
The wide range in reported asset values is due to federal regulations that require U.S. lawmakers to disclose assets in ranges rather than exact figures. If Vance purchased Bitcoin in 2021, when prices fluctuated between $30,000 and $60,000, he may be enjoying substantial unrealized gains. His Bitcoin holdings are a small fraction of his total assets, estimated between $4 million and $11 million, which also include his home and college savings for his children.
Late Disclosure Submission
Interestingly, Vance submitted his financial disclosure just before the deadline, having requested an extension earlier in April, which allowed him until August 13 to file.
Vance's Stance on Crypto
Vance has received a strong rating from the lobbyist group Stand With Crypto, partly due to his support for SAB 121, which would permit American banks to hold crypto assets. He has also publicly supported pro-crypto legislation and criticized the SEC's enforcement actions against crypto companies.
Trump's Crypto Agenda
Trump's campaign has included ambitious promises regarding cryptocurrency, claiming he wants to make the U.S. the "Bitcoin superpower of the world" and advocating for the retention of all Bitcoin held by the U.S. government, which is estimated to control $12.4 billion in Bitcoin, mostly seized from exchanges. However, Trump's commitment to crypto has varied, as seen in a recent interview where he did not mention crypto at all.
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