The Democratic Party’s recently released platform has left some left-leaning voters disappointed, particularly those hoping for a clear stance on cryptocurrency policy. The platform, finalized in July, makes no mention of cryptocurrency, a topic that has gained significant attention and support from a growing segment of the electorate this year. This silence stands in stark contrast to the Republican Party’s platform, which explicitly addresses cryptocurrency. The GOP has pledged to end what they call the Democrats’ “unlawful and unAmerican Crypto crackdown” and has committed to “defend the right to mine Bitcoin.”
Republican presidential nominee Donald Trump has further solidified this pro-crypto stance. He has made high-profile appearances at crypto conferences and even disclosed his own holdings in Ethereum and NFT collections, emphasizing his personal involvement in the digital asset space.
The absence of cryptocurrency in the Democratic platform has sparked discussion within the party, particularly after President Biden withdrew from the race. There has been a push from within the party to strengthen ties with the crypto community, especially as Vice President Kamala Harris takes the lead in the campaign. A recent town hall event organized by Crypto4Harris, a grassroots network of crypto advocates, explored the Democrats’ approach to digital asset innovation and regulation. The event featured prominent figures like billionaire Mark Cuban and U.S. Senate Majority Leader Chuck Schumer. Schumer highlighted the need for balanced regulation, stating, “We should strike a balance for crypto between promoting innovation and providing common sense guardrails.”
As the November election approaches, the future of digital assets remains a crucial issue for many voters. This topic will be a central theme at the upcoming Benzinga Future of Digital Assets event on November 19, where industry leaders, policymakers, and investors will gather to discuss the evolving landscape of cryptocurrency regulation and its implications for the broader economy.
