Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Opinion: GOP crypto maxis almost as bad as Dems’ ‘anti-crypto army’

Published 06/15/2023, 09:30 AM
Updated 06/15/2023, 09:40 AM
Opinion: GOP crypto maxis almost as bad as Dems’ ‘anti-crypto army’

After nearly a decade of gridlock, the United States may finally be on the cusp of crafting a cohesive policy framework for digital assets. In Congress, lawmakers are mulling a variety of proposed bills governing everything from stablecoins and securities rules to sanctions. The 2024 presidential race, meanwhile, may be the first to see crypto as a focal point.

While both sides of the aisle are playing valuable roles, Republicans especially influential congresspeople like Tom Emmer and Patrick McHenry have emerged as the industrys most important allies. However, the GOPs pro-crypto bias may also be its downfall. From uncritical crypto maximalism to Orwellian surveillance paranoia, Web3s industry bromides have crept into the partys campaign rhetoric and, worse, its policy proposals. In seminal upcoming legislative opportunities, such as the Houses draft crypto regulatory bill, Republican policymakers must focus on putting America first.

Elizabeth Warren is a builder, not a hodler. (Twitter)
Read also

Continue Reading on Coin Telegraph

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.