The post Democrats Push for Crypto-Friendly Policies to Counter Trump’s Growing Popularity appeared on BitcoinEthereumNews.com.

Several US Democrat legislators and electoral candidates have recently addressed a letter to the Democratic National Committee (DNC) seeking a shift in the party’s digital asset policy. The letter emphasizes the need to counter Republican candidate Donald Trump’s increasing popularity as a pro-cryptocurrency advocate. An excerpt from the letter suggests that blockchain technology represents a significant innovation, advocating for its inclusion in the party’s future plans. This article discusses the recent appeal by Democrat lawmakers to the DNC, advocating for a revised stance on cryptocurrency and blockchain technology. Democratic Lawmakers Seek Policy U-Turn on Cryptocurrency On July 26, a group of 14 legislators and three electoral candidates sent a letter to DNC Chairman Jamie Harrison, urging the Democratic Party to adopt a more progressive stance on cryptocurrency and blockchain technology. Their proposal highlights the potential these emerging technologies have for enhancing American innovation and fostering economic growth. Democrats Address Anti-Crypto Perception The legislators expressed concern that the Democratic Party is widely seen as anti-crypto, primarily due to the SEC’s stringent measures against the digital asset industry under President Biden’s administration. They stressed the importance of changing this perception, particularly since the United States is home to approximately 52 million cryptocurrency users. Impact on Upcoming Elections With the upcoming elections in mind, the legislators pointed out that recent polls show 19% of voters identify as crypto investors, with a significant portion of these being Democrats. Additionally, cryptocurrencies have gained considerable traction among key demographics such as black and Latino Americans, Gen-Z, and immigrants. The letter further noted that over 20% of voters in swing states consider crypto policy a crucial issue, suggesting the need for understandable regulations that protect consumer interests. Promoting a Balanced Stance The letter argued that digital assets and blockchain technology are not just financial tools but represent…

---

Filed under: News - @ July 28, 2024 1:22 pm