{"id":49642,"date":"2023-06-15T13:39:56","date_gmt":"2023-06-15T13:39:56","guid":{"rendered":"https:\/\/lydian.io\/?p=49642"},"modified":"2023-06-15T13:39:58","modified_gmt":"2023-06-15T13:39:58","slug":"gop-crypto-maxis-are-almost-as-bad-as-democrats-anti-crypto-army-cointelegraph-magazine","status":"publish","type":"post","link":"https:\/\/lydian.io\/gop-crypto-maxis-are-almost-as-bad-as-democrats-anti-crypto-army-cointelegraph-magazine\/","title":{"rendered":"GOP Crypto Maxis Are Almost As Bad As Democrats' \"Anti-Crypto Army\" \u2013 Cointelegraph Magazine","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"
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After practically a decade of stalemate, the USA could lastly be on the cusp of crafting a coherent coverage framework for digital belongings. In Congress, lawmakers are contemplating a slew of payments that can handle every part from stablecoins and securities guidelines to sanctions. The 2024 presidential marketing campaign, in the meantime, might be the primary to deal with cryptocurrencies. <\/strong><\/p>\n Whereas each side of the aisle have beneficial roles to play, Republicans -- notably influential congressmen like Tom Emmer and Patrick McHenry -- have emerged because the {industry}'s key allies. Nevertheless, Republicans' pro-crypto bias may be their downfall. From uncritical crypto \"maximalism\" to Orwellian surveillance paranoia, Web3's {industry} bromides have wormed their manner into the celebration's marketing campaign rhetoric and, worse, its coverage proposals. With groundbreaking upcoming legislative alternatives, just like the Home Crypto Regulation Invoice invoice, Republican politicians should deal with placing \u201cAmerica First.\u201d<\/p>\n Throughout his Could presidential marketing campaign announcement, Florida Gov. Ron DeSantis emphasised that \u201cthe present regime is clearly focusing on bitcoin.\u201d The candidate\u2019s populist purple meat this election cycle has been the Republican \u201ccelebration line\u201d on crypto. Till now, it has been tough to differentiate the rhetoric of Republican presidential candidates from that of \u201cliberty maximalist\u201d influencers on Crypto Twitter.<\/p>\n For candidates like DeSantis, it is about defending Individuals from \"a federally managed central financial institution digital forex surveillance state.\" ranks<\/a> is among the potential use instances of the blockchain. Even Republican longshot Vivek Ramaswamy, a biotech entrepreneur who claims to \"perceive this stuff rather more deeply and comprehensively\" than DeSantis, says he views bitcoin as a \"decentralized different\" to the US greenback and want<\/a> \u201cto make the 2024 election a referendum on fiat currencies.\u201d<\/p>\n
\n<\/p>\nMemefied marketing campaign rhetoric<\/h2>\n