Democrats on opposite sides of cryptocurrency regulation debates agree on one thing: Crypto is an incredibly useful political messaging tool. They just can’t agree on how to use it.
Industry lobbyists and supportive lawmakers have argued the road to Democratic comeback is paved with crypto-friendly legislation — insisting that embracing digital assets will win back voters Democrats ceded to President Donald Trump in 2024, especially young men.
Crypto skeptics in Congress see the issue as a powerful weapon in painting Trump as a corrupt and greedy leader, tying industry-backed legislation to the president and his family’s own recently lucrative crypto ventures.