The post The absurdity of crypto’s presence in America’s political circus appeared on BitcoinEthereumNews.com.

Crypto crashed into the American political scene like a bad reality show no one asked for. And now, November 5 is about to be America’s first “crypto election,” with hundreds of millions of dollars pouring into political campaigns. Kamala Harris, out of nowhere, is now talking about embracing “innovative technologies,” while Donald Trump—who once called Bitcoin a scam—jumped into the crypto game headfirst months ago. He’s promising to turn America into the “crypto capital of the planet.” Really? This is what politics has come to? American crypto voters might not be all that important Apparently, there’s a “crypto voter” now. According to the executive director of Stand With Crypto—a lobby group backed by Coinbase, the biggest crypto exchange in the U.S.—this mysterious group is real, bipartisan, and ready to flex some political muscle. They even give politicians grades based on how pro-crypto they are, with Trump getting an “A,” and Kamala having a N/A. But it’s unclear if this is really a thing. Sure a handful of dudes care about crypto regulation, but most Americans seem more worried about actual problems like paying rent, affording healthcare, or literally just keeping their heads above water. The idea that there’s this massive group of voters who care about crypto above all else seems absurd when you look at literally any national poll. Most people don’t actually care about crypto exchanges getting regulated or if Brian Armstrong (Coinbase’s CEO) keeps getting richer. The whole “crypto is a national priority” angle is being pushed hard, though, with lobbyists throwing around numbers like 52 million Americans supposedly owning crypto. There hasn’t been any concrete proof of this figure by the way. That has not stopped Stand With Crypto from claiming these supposed crypto holders are dying to have their voices heard in the upcoming election.…

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Filed under: News - @ September 29, 2024 11:19 am