As the November presidential election approaches, advocates in the crypto industry are calling for a bipartisan approach to be taken towards digital assets. With over 50 million Americans involved in the sector and 14% holding Bitcoin, it is clear that cryptocurrencies are gaining importance among voters.
While many industry leaders support Republican candidate Donald Trump for his pro-crypto stance, there has been criticism towards the Democratic party’s strict regulatory approach under President Joe Biden. However, with Biden out of the race and Vice President Kamala Harris likely to be the candidate, some stakeholders are now advocating for a more balanced view.
Former White House Communications Director Anthony Scaramucci emphasized the need for bipartisanship in the crypto industry, stating that it will lead to a healthier ecosystem in the long run. He highlighted Harris’s openness towards crypto and suggested that significant changes could occur under her administration.
Ripple CEO Brad Garlinghouse also expressed openness towards Harris’s potential crypto policies, advising against judging candidates solely based on their party affiliation. He pointed out the importance of focusing on policy proposals rather than political labels.
Adam Cochran, a partner at Cinneamhain Ventures, criticized the crypto community for attacking Democrats despite their efforts to engage with the industry. He stressed the importance of working with anyone proposing constructive crypto policies, regardless of their political affiliation.
It is essential for the crypto industry to remain open-minded and engage with policymakers from both sides of the aisle to ensure that beneficial regulations are put in place. By fostering a bipartisan approach, the industry can continue to grow and thrive in the long term. Let’s keep the focus on policy proposals and constructive engagement rather than political affiliations to move the crypto industry forward.