JD Vance selected as running mate by Donald Trump, potentially benefiting companies like Coinbase and Marathon Digital.
From Nasdaq
July 22, 2024 1:51:20 pm:
Republican nominee Donald Trump has selected JD Vance as his running mate for the upcoming November election. Vance’s stance on taxation, business, and crypto will be closely watched. He mirrors Trump’s agenda, supporting tax cuts and increased spending, with a focus on crypto. Vance is a 39-year-old Ohio Senator, Marine combat correspondent, and author of “Hillbilly Elegy.”
Tech figures like Peter Thiel and Elon Musk are backing the Trump/Vance ticket, with Vance known for his pro-crypto stance. Companies like Coinbase and Marathon Digital could benefit from a Trump/Vance win. Coinbase, a leader in crypto innovation, is set to announce its Q2 financial report, expected to show strong growth. Marathon Digital, a top Bitcoin mining company, could see significant returns due to supportive policies and advanced technologies.
Grayscale Bitcoin Trust has announced a record date for distributing shares of its new “mini” BTC trust. The trust will be listed on NYSE Arca under the BTC ticker, providing a new investment opportunity for shareholders. Vance’s position as VP could lead to increased interest and engagement in the Grayscale Bitcoin Mini Trust, pending regulatory approval.
Read more at Nasdaq Company: 3 Blockchain Stocks Likely to Get a JD Vance Boost