According to BlockBeats, on July 22, Variant Fund Chief Legal Officer Jake Chervinsky wrote today: Biden withdrew from the 2024 presidential election, and the Democratic Party has a "huge opportunity" to win back most of the cryptocurrency votes. In the election, the issue of cryptocurrency will determine the outcome of the election in several key states, and the new candidate should regard this as a top priority.
New candidates must quickly and firmly assure crypto voters that they are safe to vote Democratic in November. Here are five suggestions for achieving this goal:
Recognize that cryptocurrency is an important technology and industry for the United States’ economic and geopolitical strength, and commit to ensuring that cryptocurrency thrives in the United States.
Acknowledge the failure of the SEC’s enforcement-first approach, that cryptocurrencies should not be subjected to laws designed decades ago for the analog era, and that adaptive regulations are needed.
Outline a policy platform that balances cryptocurrency innovation with consumer protection, even if at a high level, and demonstrates a real understanding of the technology and a willingness to engage in productive discussion.
Release a list of possible nominees to lead the most important federal agencies for crypto, such as the SEC and CFTC, to demonstrate that crypto policy is no longer being made by “anti-crypto” members.
Directly engage with key stakeholders in the cryptocurrency industry (entrepreneurs, investors, policy advocates, etc.) to begin developing good policy in a collaborative spirit.