US Elections 2024 Trump and JD Vance maybe holding over $1.25M in BitcoinDonald Trump’s financial disclosure statement ahead of the 2024 US Elections shows that he owns over $1 million in crypto. His vice president running mate, JD Vance, reportedly holds at least $250,000 of the asset class, including Bitcoin.
The federal disclosure statements come at a time when the Republicans aim to receive the backing of the crypto community and the Democratic counterparts have an unclear stance.
Trump and Vance are reportedly holding crypto
Apart from being vocal supporters of the crypto sector, Republican presidential nominee Donald Trump and his VP pick JD Vance reportedly hold Bitcoin in the range of $1.25 million to $5.5 million.
The federal disclosure statement by Trump, ahead of the 2024 US Elections, reveals that he holds $1 million to $5 million in Bitcoin and other crypto assets. JD Vance has been holding the asset class since 2021 in the range of $250,000 to $500,000.
Contrarily, Vice President Kamala Harris and her VP pick Minnesota Gov. Tim Walz, have shown no public stance or holdings of Bitcoin. Despite that Harris seems to be making a slight lead over Trump in the latest polls.
In terms of economic policies, the two proposed relief on tax burdens. Harris reportedly promises to end the tax on tips while Trump also offers to remove taxes on Social Security benefits.
In the interim, Donald Trump Jr. teased and launched a Telegram channel for a crypto project. He noted in a post on X that “A lot of rumors are swirling about our crypto project,” The project called the “The DeFiant Ones” promises to build “the future of finance together.”
In response, the chief of Defiant News posted on X that she might have to sue the Trumps for the copyright on the name.
am I gonna have to fight the trump family now for copyright infringement fml
(the tg channel for their crypto project is called The DeFiant Ones 😬) https://t.co/GlPFRLRlnR
— Camila Russo (@CamiRusso) August 15, 2024
2024 US Election: Polymarket bets in favor of Trump declines
As exit polls lean towards Harris, bets in favor of Trump on the crypto betting site, Polymarket, have also declined. According to the platform, Harris has a 54% chance of winning the 2024 US Election while Trump has a 44% chance, with respective bet amounts of $67 million and $75.8 million at press time.
Crypto lawyer Jake Chervinsky believes that “Trump-Vance have validated crypto as a platform-level issue worthy of attention at the top of the ticket.” He also believes that Harris must address it to gain the favor of the crypto community.
Meanwhile, Trump has been criticizing Harris in a press conference taking place at the time of writing. In an NDTV report, he was quoted saying that “I don’t have a lot of respect for her.”
