Former President Donald Trump, a recent convert to the crypto universe, chose crypto supporter Sen. J. D. Vance (R-Ohio) as his running mate, signaling that support for digital currencies may play an important role in the GOP campaign this year.
The Democratic Party nomination is somewhat in limbo. The Biden administration has been less than friendly at times to the crypto universe, but his leading replacement -- Vice President Kamala Harris -- has had little to say on cryptocurrency. Earlier this year crypto bettors on the cryptocurrency-based prediction market Polymarket, reportedly thought her changes to enter the race and win the presidency were on the rise.
Trump, who was unfriendly to cryptocurrencies during his presidency, and the Republican Party have more recently become increasingly friendly toward digital assets, noted Politico columnist Jasper Goodman just two days after Trump's May 8 pronouncement at a high-dollar dinner at Mar-a-Lago.
