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Are Democrats in the United States becoming the anti-cryptocurrency party?

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by COINS NEWS 119 Views

I sent all three of my Congressional representatives a comment using the form on their websites a message about a ago week regarding the (imo) overreach by the SEC against Kraken, and how we need more regulatory clarity that really ought to come from updated laws by Congress.

  • Chrissie Houlahan sent a generic message that did not mention cryptocurrency
  • John Fetterman did not reply
  • Bob Casey Jr sent me this letter: https://pastebin.com/rZH29r6m

He goes after Ripple, Terra Luna, and FTX which, OK, fair. But he expresses zero support for public networks like Bitcoin or Monero, which is disappointing. I tried to reply to him but got bounced so I wrote my response to him on twitter here: https://twitter.com/j_winter_m/status/1626959600338575361

Up until a few months ago I felt like cryptocurrency was one of the rare issues in American politics that actually had some real bipartisan support (and bipartisan resistance). After the recent actions of the Biden administration's SEC, and the non-response by congressional Democrats, it kind of feels like the Democrats are becoming the anti-crypto party. What do you think? Has there been any Democrats that have spoken out in the last couple weeks? I know I have seen Republicans saying they will haul some SEC people in front of Congress for investigations, but I haven't seen any Democrats and the response I got from my own Congressional representatives, all Democrats, was disappointing.

submitted by /u/jwinterm
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