Meet Donald Trump’s Pro-Crypto Picks – Who is Holding Bitcoin?
The incoming US Government, led by President-elect Donald Trump, will include a mix of business leaders, lawyers, and politicians. While most of Trump’s picks must be approved by the Senate, they have something in common: they’re all pro-crypto individuals.
From the vice president-elect to the nominee for national security advisor, Trump’s team members either hold crypto or are big advocates of blockchain technology. Here is a list of key people in Trump’s government who support or hold cryptocurrencies.
Vice President-Elect – J.D Vance
In August, US Vice President-elect J.D Vance filed federal disclosure forms, which revealed that he was holding Bitcoin worth between $250,001 and $500,000.
While serving as a Senator, Vance tabled bills intended to protect crypto firms and frequently criticized regulators like the US Securities and Exchange Commission (SEC) for unfairly targeting crypto players.
Earlier this year, the vice president-elect introduced a bill proposing a more friendly regulatory framework for crypto assets, intending to overhaul how the Commodity Futures Trading Commission and SEC oversee digital asset markets.
Department of Health and Human Services Secretary – Robert F. Kennedy Jr. (RFK Jr.)
Since RFK Jr. isn’t a US congressman, he doesn’t have to disclose his crypto holdings to the public. However, the well-known Bitcoin fan has made several comments in recent months suggesting that he holds a significant amount of BTC.
While speaking at a public event last week, RFK Jr. said he added more Bitcoin to his portfolio after Trump’s victory to express his commitment to the industry. Furthermore, he touted BTC as a shield against inflation on an X post over the weekend.
Kennedy says the existing regulatory measures under the Joe Biden administration are restrictive toward blockchain innovations and must be abandoned for the United States to maintain a competitive edge in the financial world.
While speaking at the Bitcoin Conference in July, he assured crypto enthusiasts that Trump and him will end the regulatory war on digital assets.
National Security Advisor – Michael Waltz
Currently serving as the US Representative for Florida, Michael Waltz has shown his support for crypto through legislative actions and investments. According to his recent financial disclosure, he owns Bitcoin worth between $50,000 and $100,000.
Waltz has voted for friendly crypto bills and rejected those he believes could stagnate blockchain innovations. For instance, he repealed the SEC’s SAB 121 rule and tabled a bill intended to prohibit the Federal Reserve from introducing a Central Bank Digital Currency (CBDC).
National Intelligence Director – Tulsi Gabbard
Tulsi Gabbard, a former US representative for Hawaii, invested about $16,000 in Ethereum and Litecoin in 2017 and took profit two years later. While she no longer owns digital assets, Gabbard has criticized Biden’s approach to crypto and is against the introduction of a CBDC, arguing that such a currency violates the rights to financial privacy.
Co-Leader of D.O.G.E – Elon Musk
Elon Musk, the CEO of electric carmaker Tesla and the owner of social media platform X, will be part of Trump’s administration, although not as a cabinet member. Instead, he will be tasked with leading the Department of Government Efficiency (D.O.G.E).
Notably, the acronym D.O.G.E resembles the ticker of Musk’s favorite meme coin, Dogecoin, which he describes as ‘people’s crypto.’ Over the years, Musk has openly supported Dogecoin on X, influencing its price performance. Earlier this year, he revealed that he owns some DOGE tokens. Moreover, his company, SpaceX, has invested heavily in Bitcoin.
Meanwhile, data from Arkham Intelligence, a leading onchain analytics company, shows that Tesla owns 11,509 BTC worth over $1.05 billion as of this writing.
Co-Leader of D.O.G.E – Vivek Ramaswamy
Popular entrepreneur Vivek Ramswamy will help Musk run the D.O.G.E agency. While his crypto holdings are not known to the public, he’s believed to own some digital assets, considering he has been championing blockchain technology in the past few years.
Ramaswamy has criticized Biden’s administration for implementing a ‘regulation by enforcement’ approach through the SEC instead of adopting a clear crypto regulatory framework. He says they aim to introduce policies that promote crypto innovations once Trump officially assumes office.
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