Democratic stakeholders are pushing for a pro-crypto stance within the party, urging the appointment of pro-innovation leaders in key regulatory positions.
Points
- Democrats urge a pro-crypto stance in the party platform.
- Calls for a Vice Presidential candidate with strong digital asset policy.
- Recommendations for appointing a pro-innovation SEC Chair.
- Increased engagement with the crypto industry.
Several Democratic lawmakers are advocating for a shift in the party’s approach to cryptocurrency. Recognizing the importance of digital assets in the upcoming elections, they are pushing for pro-crypto policies to be integrated into the party platform.
On July 26, over a dozen House Democrats, including Ro Khanna, Wiley Nickel, and Ritchie Torres, sent a letter to the Democratic National Committee （DNC）. They urged the committee to adopt a pro-crypto stance, suggesting that the party’s Vice Presidential candidate should have a strong policy on digital assets. Additionally, they recommended appointing a pro-innovation Chair for the Securities and Exchange Commission （SEC） and increasing engagement with the crypto industry.
“Over 20% of voters in key battleground states identified crypto as a major issue in the 2024 election,” the letter stated. This highlights the growing political significance of cryptocurrency and the need for thoughtful regulation that benefits consumers and the industry.
Vice President Kamala Harris is actively working to reset the party’s relationship with the crypto sector. Reports indicate that her advisers have reached out to major crypto companies like Coinbase, Circle, and Ripple Labs to foster a more constructive dialogue.
解説
- The Democratic Party’s shift towards a pro-crypto stance reflects the increasing importance of digital assets in political discourse.
- Engaging with the crypto industry and appointing pro-innovation leaders could foster a regulatory environment conducive to growth and innovation.
- This move is also seen as a response to the Republican Party’s support for cryptocurrency, aiming to capture the crypto voter base.
- Thoughtful regulation and engagement with industry stakeholders are crucial for the sustainable development of the crypto sector.