Former President Donald Trump choosing Sen. J.D. Vance (R-OH) as his running mate is being hailed by cryptocurrency proponents as a powerful combination for the growing industry.

Trump, who used to be a cryptocurrency skeptic, has shifted course in recent weeks in an attempt to position himself as the champion of the crypto industry. His Monday announcement that Vance would be his running mate has been enthusiastically welcomed by crypto evangelists who see the ticket as very pro-crypto.