J.D. Vance is anti-Big Tech, pro-crypto

J.D. Vance, who has been named as Donald Trump's VP pick for 2024, has strong opinions about the tech industry. At the Y Combinator-hosted RemedyFest, he advocated for breaking up big tech companies like Google, citing their control over information and perceived liberal bias. He praised Lina Khan, the Federal Trade Commission Chair, for her aggressive stance on antitrust issues, a rare compliment from a Republican to a Biden administration official.

Vance's anti-big tech views align with other prominent Republicans and are part of a broader conversation happening in Congress and the Supreme Court. He believes that companies like Google and Facebook have distorted the political process and that breaking them up is a key step to restoring competitive markets. He has shared these views publicly, including a statement just before his RemedyFest appearance urging the breakup of Google.

In contrast to his anti-big tech stance, Vance supports a more relaxed regulatory approach towards cryptocurrency. He criticizes the Securities and Exchange Commission's current approach under Gary Gensler, arguing that it stifles innovation. Vance sees blockchain technology as crucial for future competitors to social media giants and believes that overregulation could hinder such competition.