In case you had been tuned into the Massachusetts Senate debate final night time, you’ll have observed a key trade between pro-Bitcoin candidate John Deaton and his rival Elizabeth Warren, chief of Washington D.C.’s “anti-crypto military.”
When pressed by Deaton, Warren wouldn’t even defend herself. After mendacity and attacking our trade for years, she mentioned “I’m fine if people want to buy and sell crypto.” Critically.
My massive concern with this second is that it says all the pieces concerning the Democrats and the lip service they’re enjoying to the Bitcoin trade.
It’s simple that Bitcoin has changed into a partisan situation on this nation for probably the most half. Most Democrats have adopted Warren in taking a powerful stance in opposition to supporting Bitcoin (even when they gained’t admit it). I believe Presidential candidate Kamala Harris has achieved the identical.
Case and level, even Harris this week issued a generic “we are going to help blockchain and digital belongings,” whereas not specifying precisely what she would do to assist it.
However oh wait, she really did put forth a brand new policy proposal yesterday, and to nobody’s shock, it was a race primarily based one which excludes most People. It was a flop within the trade.
I’ve to ask at this level, how far more do pro-Democrat Bitcoiners must see?
The Republicans have clearly embraced the trade. They’ve put forth laws proposals in an try and foster extra innovation within the house. They defend the trade from assaults coming from the Democrats. They attend Bitcoin conferences and occasions, take heed to trade leaders, and purchase and maintain bitcoin personally.
They haven’t been shy of their public help for Bitcoin, and have additionally actively made it an official a part of their get together platform. That’s how severe they’re.
The present leading presidential candidate, Donald Trump, has made many pledges to help and develop the trade, proposing particular coverage on what he would enact if elected.
Earlier this summer season, Trump raised $25 million from non-public particular person donors on the Bitcoin 2024 Convention in Nashville (his second highest fundraiser throughout his three campaigns). American Bitcoin miners have met with Trump in Mar-A-Lago to debate what they want him to do as president to help their companies.
The place Republicans have leaned into Bitcoin, we now have seen the alternative with Democrats. At virtually each single congressional and Senate listening to I watch, Democrats vote against favorable Bitcoin regulation, and make verbal assaults on the trade.
At a congressional listening to solely 4 months in the past, Democratic Congresswoman Maxine Waters really tried to make the case that we must always implement a CBDC, and never ban it, as a result of nations like China are embracing it. She referred to as it the subsequent “house race”.
It’s crystal clear to anybody watching these congressional and senate hearings which facet the Democrats have chosen relating to Bitcoin vs CBDC.
That is my massive worry.
If elected president, I imagine Harris would have little cause to help the trade, and each cause to proceed attacking it, as she’s achieved as vice chairman during the last 4 years.
This election is a fierce battle for energy of america of America. Individuals and industries and selecting their sides, and if Kamala wins, she may not be so good to the industries who closely tried to get her opponent elected president.
If Bitcoiners wish to see this trade not get attacked prefer it has these previous 4 years, and see it thrive over the subsequent 4 years, they should make their voices heard on the poll field this November – and, prefer it or not, they should vote Republican.
This text is a Take. Opinions expressed are fully the writer’s and don’t essentially replicate these of BTC Inc or Bitcoin Journal.
