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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.

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