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If you were tuned into the Massachusetts Senate dispute last night, you would have discovered an essential exchange in between pro-Bitcoin prospect John Deaton and his competitor Elizabeth Warren, leader of Washington D.C.’s “anti-crypto army.”
When pushed by Deaton, Warren wouldn’t even safeguard herself. After lying and assaulting our market for several years, she stated “I’m fine if people want to buy and sell crypto.” Seriously.
My huge worry about this minute is that it states whatever about the Democrats and the lip service they are playing to the Bitcoin market.
It’s indisputable that Bitcoin has actually developed into a partisan problem in this nation for the many part. Most Democrats have actually followed Warren in taking a strong position against supporting Bitcoin (even if they won’t confess). I believe Presidential prospect Kamala Harris has actually done the exact same.
Case and point, even Harris today provided a generic “we will support blockchain and digital assets,” while not defining precisely what she would do to assist it.
But oh wait, she really did present a brand-new policy proposition the other day, and to nobody’s surprise, it was a race based one that omits most Americans. It was a flop in the market.
I need to ask at this moment, just how much more do pro-Democrat Bitcoiners require to see?
The Republicans have actually plainly accepted the market. They’ve presented legislation propositions in an effort to cultivate more development in the area. They safeguard the market from attacks originating from the Democrats. They participate in Bitcoin conferences and occasions, listen to market leaders, and purchase and hold bitcoin personally.
They have actually not been shy in their public assistance for Bitcoin, and have also actively made it a main part of their celebration platform. That’s how major they are.
The existing leading governmental prospect, Donald Trump, has actually made lots of promises to support and grow the market, proposing particular policy on what he would enact if chosen.
Earlier this summertime, Trump raised $25 million from personal specific donors at the Bitcoin 2024 Conference in Nashville (his 2nd greatest charity event throughout his 3 projects). American Bitcoin miners have actually met Trump in Mar-A-Lago to discuss what they require him to do as president to support their organizations.
Where Republicans have actually leaned into Bitcoin, we have actually seen the opposite with Democrats. At nearly each and every single congressional and Senate hearing I enjoy, Democrats vote against beneficial Bitcoin guideline, and make spoken attacks on the market.
At a congressional hearing just 4 months back, Democratic Congresswoman Maxine Waters really attempted to make the case that we must carry out a CBDC, and not prohibit it, since nations like China are welcoming it. She called it the next “space race”.
It is clear to anybody seeing these congressional and senate hearings which side the Democrats have actually picked when it concerns Bitcoin vs CBDC.
This is my huge worry.
If chosen president, I think Harris would have little factor to support the market, and every factor to continue assaulting it, as she’s done as vice president over the last 4 years.
This election is an intense fight for power of the United States of America. People and markets and selecting their sides, and if Kamala wins, she may not be so great to the markets who greatly attempted to get her challenger chosen president.
If Bitcoiners wish to see this market not get assaulted like it has these previous 4 years, and see it grow over the next 4 years, they require to make their voices heard at the tally box this November – and, like it or not, they require to vote Republican.
This post is a Take. Opinions revealed are totally the author’s and do not always show those of BTC Inc or Bitcoin Magazine.
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