Last month in New York Times DealBook SummitPolitical analyst and media personality Van Jones admitted that Democrats made a fatal mistake by not only largely ignoring the crypto voter but acting against them during the last election cycle and, more broadly, during President Biden's term. .
“50 million people bought some cryptocurrencies; that's a bet on (the) future,” Jones said.
“They are trying to reach a better future. “Joe Biden, Kamala Harris and Elizabeth Warren defeating cryptocurrencies was not smart,” he added.
<blockquote class="twitter-tweet”>
CNN anchor <a target="_blank" href="https://twitter.com/VanJones68?ref_src=twsrc%5Etfw”>@VanJones68 says: “Democrats kicked people out of the party over cryptocurrencies. 50 million people bought cryptocurrencies. “It is a commitment to a better future.” pic.twitter.com/Ee8NlutNK1
— Documenting ₿itcoin (@DocumentingBTC) <a target="_blank" href="https://twitter.com/DocumentingBTC/status/1876232426546164222?ref_src=twsrc%5Etfw”>January 6, 2025
Jones is one of the first prominent Democrats to publicly admit after the election that Democrats should have invited bitcoin and cryptocurrency holders into the party instead of expelling them.
The question now is: Will other well-known Democrats follow Jones' lead? And what would their policy proposals be like if they did?
The last question is particularly important because while Democrats may start saying they are “pro-crypto,” the devil is in the details.
For example, when I interviewed former Congressman Wiley Nickel (D-NC), one of the few outspoken bitcoin and cryptocurrency advocates in the Democratic Party last year, I asked him if he would support the right of bitcoin and cryptocurrency owners to keep their rights. private keys.
This was his response:
“In Congress, we've really focused on doing a few things before we move on to the next level. It is about regulating the industry, FIT21, the digital assets market structure bill and stablecoins. We have strayed with SAB121 for custodial banking.
“Those are the things that I think we need to address first, and then we move on to the next layer of things, and I'm very hopeful that we'll get those things done in this Congress.”
The right to own private keys is the “first level of issue” in my book, and its lack of a direct answer to my question worried me, especially when juxtaposed. with what Trump said about it at the Libertarian National Convention in May 2024:
“I will support the right to self-custody (for) the country's 50 million cryptocurrency holders.” -Donald J. Trump
So if Democrats want to start changing their rhetoric when it comes to bitcoin and cryptocurrencies, they will also have to correct their policy proposals if they plan to win over the voters they lost in this previous election cycle. when the midterm elections arrive.
This article is a Carry. The opinions expressed are entirely those of the author and do not necessarily reflect those of btc Inc or bitcoin Magazine.
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