Last night’s Massachusetts Senate Debate featured a major exchange between John Deaton – a pro Bitcoin candidate – and Elizabeth Warren – the leader Washington D.C. “anti-crypto army.”
Warren would not defend herself, even when pressed by Deaton. Warren said that after lying for many years and attacking the industry, “I’m fine if people want to buy and sell crypto.” Seriously.
The Democrats’ lip-service to the Bitcoin sector is a major concern.
Bitcoin in America has become a political issue. Many Democrats, even if they don’t want to admit it, have taken the same stance as Warren and are against Bitcoin. Kamala Harris is likely to have done the same.
Harris, for example, released a generic this week. “we will support blockchain and digital assets,” While not specifying what exactly she would do to assist it,
Oh, wait! She actually has a brand new idea. policy proposal It was not surprising that yesterday’s election result excluded the majority of Americans because it is based on race. It was a flop The industry.
How much more Bitcoin advocates need to see at this stage?
Republicans clearly embrace the industry. The Republicans have put forward legislation proposals to encourage more innovation within the industry. The industry is defended from Democratic attacks. Attending Bitcoin events and conferences, listening to leaders in the industry, buying and holding bitcoin themselves are some of their activities.
The party has not hesitated to publicly support Bitcoin and it is now an integral part of the platform. This is how serious they take it.
Currents leading Donald Trump has pledged to grow and support the cannabis industry. He also proposed specific policies that he will implement if voted into office.
Trump has raised more than $25 million in donations from individuals at the Bitcoin 2024 Conference held earlier this summer. This is his second largest fundraising total across all three of Trump’s campaigns. American Bitcoin Miners met Trump in Mar-A-Lago and discussed what they needed him to do for their businesses as President.
Democrats are the complete opposite. In almost all of the congressional and Senate proceedings I attend, Democrats are always in control. vote against Bitcoin regulators should be more supportive of the Bitcoin industry and not attack it verbally.
Maxine Wassers, Democratic Congresswoman in the US, made an argument at a recent congressional hearing that CBDC should be implemented, not banned, as countries like China embrace it. She called it “the next generation”. “space race”.
The Democrats’ position on Bitcoin and CBDC is very clear from the hearings in Congress or the Senate.
My biggest fear is.
As vice-president, Harris has attacked the oil industry for the past four years.
The United States of America is in a battle to the death for political power. Both people and businesses are choosing sides. If Kamala is elected, she may not be as nice with the industries that heavily pushed to elect her opponent president.
If Bitcoiners want to see this industry not get attacked like it has these past four years, and see it thrive over the next four years, they need to make their voices heard at the ballot box this November – and, like it or not, they need to vote Republican.
The article below is an overview of the topic. Take. Opinions are solely those of the author and may not reflect BTC Inc.
“This article is not financial advice.”
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Source: bitcoinmagazine.com
