How a Trump and Vance win could boost crypto and stock markets
Share link:In this post: Trump picked Ohio Senator J.D. Vance as his running mate, shaking up the Republican Party and signaling big changes for tech and crypto. Vance criticizes big tech and supports cryptocurrencies, potentially boosting these markets if Trump wins. As a key player in banking policies, Vance could impact credit card fees, electric vehicle credits, and the overall financial market.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any inve
Donald Trump’s pick for vice president is making waves on Wall Street. Trump named Ohio Senator J.D. Vance as his running mate. Vance, known for his book “Hillbilly Elegy,” went to Yale Law School and worked in venture capital with Peter Thiel.
Brian Gardner from Stifel thinks this shows how the Republican Party is changing, calling Vance “one of the most interesting people in American politics.”
Vice presidents usually don’t have much influence on policy. But Blair Levin from New Street Research thinks Vance could be different. He said:
“Vance’s quick rise shows the past may not be a prologue. Plus, being Vice President to a 78-year-old man means he might end up President.”
So, what could a Vance vice presidency mean for tech companies, cryptocurrencies, and other policies? Vance’s tech background is a plus, but his views on big tech could bring big changes.
He has criticized tech giants like Alphabet and Meta Platforms, saying they hurt innovation and pose risks to democracy.
Isaac Boltansky from BTIG noticed that Vance wants to break up these tech behemoths. Vance has also pushed to end Section 230 protections, which shield companies like Facebook and Twitter from liability for user posts and allow them to moderate content.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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