In the event you have been tuned into the Massachusetts Senate debate final night time, you’ll have observed a key alternate 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 stated “I’m superb if folks need to purchase and promote crypto.” Critically.
My massive concern with this second is that it says every part in regards to the Democrats and the lip service they’re taking part in to the Bitcoin trade.
It’s plain that Bitcoin has was a partisan difficulty on this nation for probably the most half. Most Democrats have adopted Warren in taking a robust stance in opposition to supporting Bitcoin (even when they received’t admit it). I believe Presidential candidate Kamala Harris has completed the identical.
Case and level, even Harris this week issued a generic “we are going to help blockchain and digital property,” whereas not specifying precisely what she would do to assist it.
However oh wait, she truly did put forth a brand new coverage proposal yesterday, and to nobody’s shock, it was a race primarily based one which excludes most Individuals. It was a flop within the trade.
I’ve to ask at this level, how far more do pro-Democrat Bitcoiners have to see?
The Republicans have clearly embraced the trade. They’ve put forth laws proposals in an try and foster extra innovation within the area. They defend the trade from assaults coming from the Democrats. They attend Bitcoin conferences and occasions, hearken 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 main 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 personal 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’ve got seen the alternative with Democrats. At nearly each single congressional and Senate listening to I watch, Democrats vote in opposition to 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 truly 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 known as it the subsequent “area race”.
It’s crystal clear to anybody watching these congressional and senate hearings which facet the Democrats have chosen in the case of Bitcoin vs CBDC.
That is my massive worry.
If elected president, I consider Harris would have little purpose to help the trade, and each purpose to proceed attacking it, as she’s completed as vice chairman over the past 4 years.
This election is a fierce battle for energy of the US of America. Folks and industries and selecting their sides, and if Kamala wins, she won’t be so good to the industries who closely tried to get her opponent elected president.
If Bitcoiners need 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 totally the creator’s and don’t essentially replicate these of BTC Inc or Bitcoin Journal.
