Crypto Stances of Politicians in This Year’s Elections

The Democratic Party Platform

Democrats Seek a New Relationship with Crypto

* On July 26, more than 100 House Democrats introduced a bill that would create a new regulatory framework for digital assets. * The bill, called the "Digital Asset Market Structure and Investor Protection Act," would establish a new regulatory agency to oversee the crypto industry. * The agency would be responsible for registering and regulating crypto exchanges and other businesses that deal in digital assets. * The bill would also create a new investor protection fund to help investors who lose money due to fraud or other misconduct in the crypto industry.

The Republican Party Platform

* The Republican Party platform does not explicitly mention cryptocurrencies. * However, the party has generally been more supportive of the crypto industry than the Democratic Party. * In 2018, the Republican-controlled Congress passed a bill that legalized the sale of cryptocurrencies as securities. * The bill also created a new working group to study the crypto industry and make recommendations for future regulation.

Other Candidates' Positions on Crypto

* Independent candidate Andrew Yang has been a vocal supporter of cryptocurrencies. * Yang has said that he believes cryptocurrencies have the potential to revolutionize the financial system. * Yang has also proposed creating a new government agency to regulate the crypto industry.

Conclusion

The positions of politicians on cryptocurrencies are likely to play a significant role in the upcoming elections. The Democratic Party is seeking to create a new regulatory framework for the crypto industry, while the Republican Party is generally more supportive of the industry. Independent candidate Andrew Yang is a vocal supporter of cryptocurrencies and has proposed creating a new government agency to regulate the industry. The outcome of the elections could have a significant impact on the future of the crypto industry.