Opinion: GOP crypto maxis virtually as unhealthy as Dems’ ‘anti-crypto military’

After practically a decade of gridlock, america might lastly be on the cusp of crafting a cohesive coverage framework for digital belongings. In Congress, lawmakers are mulling a wide range of proposed payments governing every little thing from stablecoins and securities guidelines to sanctions. The 2024 presidential race, in the meantime, would be the first to see crypto as a focus.

Whereas each side of the aisle are enjoying priceless roles, Republicans particularly influential congresspeople like Tom Emmer and Patrick McHenry have emerged because the industrys most vital allies. Nonetheless, the GOPs pro-crypto bias may be its downfall. From uncritical crypto maximalism to Orwellian surveillance paranoia, Web3s business bromides have crept into the partys marketing campaign rhetoric and, worse, its coverage proposals. In seminal upcoming legislative alternatives, such because the Homes draft crypto regulatory invoice, Republican policymakers should concentrate on placing America first.

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