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    Home»Bitcoin»Democrats Ought to Reverse Their Stance On Bitcoin
    Democrats Ought to Reverse Their Stance On Bitcoin
    Bitcoin

    Democrats Ought to Reverse Their Stance On Bitcoin

    By Crypto EditorJanuary 7, 2025No Comments3 Mins Read
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    Democrats Ought to Reverse Their Stance On Bitcoin

    Comply with Frank on X.

    Final month on the New York Instances DealBook Summit, political analyst and media persona Van Jones admitted that the Democrats made a deadly mistake in not solely largely disregarding the crypto voter however in appearing in opposition to them over the past election cycle and extra broadly throughout President Biden’s time in workplace.

    “50 million folks purchased some crypto — that’s a wager on [the] future,” mentioned Jones.

    “They’re making an attempt to get to a greater future. Joe Biden, Kamala Harris, Elizabeth Warren beating the hell out of crypto was not good,” he added.

    CNN host @VanJones68 says, “Democrats ran folks out of the occasion on crypto. 50 million folks purchased crypto. It’s a wager on a greater future” pic.twitter.com/Ee8NlutNK1

    — Documenting ₿itcoin 📄 (@DocumentingBTC) January 6, 2025

    Jones is likely one of the first outstanding Democrats to publicly admit publish election that the Democrats ought to have invited those that maintain bitcoin and crypto into the occasion as a substitute of pushing them away.

    The questions now are Will different well-known Democrats comply with Jones’s lead? and What would their coverage proposals appear like in the event that they did?

    The latter query is especially vital as a result of whereas Democrats could start to say they’re “pro-crypto,” the satan is within the particulars.

    For instance, once I interviewed former Congressman Wiley Nickel (D-NC), one of many few outspoken bitcoin and crypto proponents within the Democratic occasion final yr, I requested him if he’d assist the precise for bitcoin and crypto house owners to carry their personal keys.

    This was his response:

    “In Congress, we have actually centered on doing just a few issues earlier than we get into the following degree of stuff. It is about regulating the trade, FIT21, the digital belongings market construction invoice and stablecoins. We have gotten sidetracked with SAB121 for custodial banking.

    These are the issues that I feel we have to deal with first, after which we get into the following layer of stuff, and I am actually hopeful we’ll get these issues accomplished this Congress.”

    The suitable to carry one’s personal keys is the “first degree of stuff” in my e book, and his lack of a direct response to my query nervous me, particularly when juxtaposed with what Trump mentioned on the matter on the Libertarian Nationwide Conference in Could 2024:

    “I’ll assist the precise to self-custody [for] the nation’s 50 million crypto holders.” -Donald J. Trump

    So, if the Democrats are to begin shifting their rhetoric relating to Bitcoin and crypto, they’re additionally going to want to return appropriate relating to coverage proposals in the event that they plan to win over the voters they misplaced on this earlier election cycle come midterm elections.

    This text is a Take. Opinions expressed are totally the creator’s and don’t essentially mirror these of BTC Inc or Bitcoin Journal.





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