news4global
  • Home
  • Bitcoin
  • Blockchain
  • Business
  • Latest news
  • Market
  • Regulation
  • VideosHot
    Poilievre's position on cryptocurrency criticized | CPC leadership debate

    Poilievre's position on cryptocurrency criticized | CPC leadership debate

    Is LUNA Fueling the Crypto Crash?

    Is LUNA Fueling the Crypto Crash?

    Why Generation Z is about to become the RICHEST Generation | Crypto Investing w Miss Teen Crypto

    Why Generation Z is about to become the RICHEST Generation | Crypto Investing w Miss Teen Crypto

    XRP SELL WARNING!!! *EMERGENCY* (DO THIS NOW!!!!!)

    XRP SELL WARNING!!! *EMERGENCY* (DO THIS NOW!!!!!)

    If You Understand THIS About Crypto, You're In The 0.0001% Of People That Get It | Gary Vee

    If You Understand THIS About Crypto, You're In The 0.0001% Of People That Get It | Gary Vee

    ETHEREUM HISTORY REPEATING? (Watch THIS)!! Ethereum Price Prediction 2022, Ethereum News Today (ETH)

    ETHEREUM HISTORY REPEATING? (Watch THIS)!! Ethereum Price Prediction 2022, Ethereum News Today (ETH)

    WARNING: BITCOIN GAUSSIAN COLOR CHANGE! (be ready)

    WARNING: BITCOIN GAUSSIAN COLOR CHANGE! (be ready)

    URGENT!! THIS BITCOIN CRASH IS TELLING ME SOMETHING BIG HAPPENS BY TOMORROW!!

    URGENT!! THIS BITCOIN CRASH IS TELLING ME SOMETHING BIG HAPPENS BY TOMORROW!!

    Bitcoin BLOODBATH as Crypto's Drop 10% (Former SEC Chairman WARNING to XRP Holders)

    Bitcoin BLOODBATH as Crypto's Drop 10% (Former SEC Chairman WARNING to XRP Holders)

No Result
View All Result
  • Home
  • Bitcoin
  • Blockchain
  • Business
  • Latest news
  • Market
  • Regulation
  • VideosHot
    Poilievre's position on cryptocurrency criticized | CPC leadership debate

    Poilievre's position on cryptocurrency criticized | CPC leadership debate

    Is LUNA Fueling the Crypto Crash?

    Is LUNA Fueling the Crypto Crash?

    Why Generation Z is about to become the RICHEST Generation | Crypto Investing w Miss Teen Crypto

    Why Generation Z is about to become the RICHEST Generation | Crypto Investing w Miss Teen Crypto

    XRP SELL WARNING!!! *EMERGENCY* (DO THIS NOW!!!!!)

    XRP SELL WARNING!!! *EMERGENCY* (DO THIS NOW!!!!!)

    If You Understand THIS About Crypto, You're In The 0.0001% Of People That Get It | Gary Vee

    If You Understand THIS About Crypto, You're In The 0.0001% Of People That Get It | Gary Vee

    ETHEREUM HISTORY REPEATING? (Watch THIS)!! Ethereum Price Prediction 2022, Ethereum News Today (ETH)

    ETHEREUM HISTORY REPEATING? (Watch THIS)!! Ethereum Price Prediction 2022, Ethereum News Today (ETH)

    WARNING: BITCOIN GAUSSIAN COLOR CHANGE! (be ready)

    WARNING: BITCOIN GAUSSIAN COLOR CHANGE! (be ready)

    URGENT!! THIS BITCOIN CRASH IS TELLING ME SOMETHING BIG HAPPENS BY TOMORROW!!

    URGENT!! THIS BITCOIN CRASH IS TELLING ME SOMETHING BIG HAPPENS BY TOMORROW!!

    Bitcoin BLOODBATH as Crypto's Drop 10% (Former SEC Chairman WARNING to XRP Holders)

    Bitcoin BLOODBATH as Crypto's Drop 10% (Former SEC Chairman WARNING to XRP Holders)

No Result
View All Result
news4global
No Result
View All Result
Home Blockchain

Politicians are waking up to the fact there are votes in crypto

April 14, 2022
Reading Time: 4 mins read
0
Politicians are waking up to the fact there are votes in crypto
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

RTL Today – PWC – Think Lab: Why you should care about the metaverse

RTL Today – PWC – Think Lab: Why you should care about the metaverse

May 16, 2022

Solana Killer Bitgert Has Been Integrated On CoinMarketCap – Analytics Insight

May 15, 2022

Jane Hume, Australia’s minister for financial services, argued in a speech last month that the rapidly growing crypto industry had the potential to create hundreds of thousands of new jobs and boost Australia’s economic growth by more than 50 per cent.

But if the country voted for the opposition Labor party at the May 21 national election, she said, none of this would happen. Australia would lose out because the opposition would ban digital assets “out of timidity [and] an obsession with removing all risks and protecting consumers from themselves”.

The contrast, she said, could not be more stark with the current government, which wanted Australians to take part in the digital gold rush.

“There is a political reality here. I would love support of the crypto industry to be a bipartisan issue, but it simply isn’t,” she told her audience.

This is the sound of politicians waking up to the voter potential of crypto enthusiasts. Bitcoin and its peers have surged in popularity since the start of the pandemic and millions of people around the world now own digital assets, which are worth more than $2tn in total.

As their popularity increased, so did attention from elected officers: crypto is becoming a minor hot button issue as political parties across the world wonder whether a stance on digital assets and their regulation could win votes.

“It wouldn’t surprise me if crypto becomes an issue at the next election,” said Sheila Warren, chief executive of Crypto Council for Innovation, a US lobby group.

“I think right now at a local level it’s more likely [to be a topic]. By the next election . . . crypto has contributions to make on climate, on social justice and it’s up to us as an industry to lay out these arguments,” she added.

The digital asset industry is already flexing its lobbying muscles in Washington and Westminster, and cross-party supporters of the technology, known as the “crypto caucus” are set to become among the leading power players on Capitol Hill.

The original ideology of crypto cuts across party lines and places emphasis on libertarian ideas as well as social goals such as financial inclusion. But regulation and the extent to which these tokens should be overseen by authorities is emerging as a dividing line between parties. The politically conservative parties tend to take a more liberal approach while liberals argue for stricter regulation.

In the US, at least two states have candidates running on a pro-blockchain platform in this year’s Senate votes, including former child actor Brock Pierce in Vermont.

“Everyone should support innovation and better technology. Unfortunately, it has become a partisan issue for some, as we’ve seen from recent efforts to increase regulation,” said Bruce Fenton, a well-known figure in the crypto industry who is running for the Republican nomination in New Hampshire.

And crypto is seeping into politics all around the world. In early April, the UK’s Conservative government announced a range of measures designed to turn the country into a global hub for digital asset businesses, issuing its strongest endorsement of the sector to date. On the same day, UK chancellor Rishi Sunak tasked the Royal Mint with issuing a non-fungible token.

The appeal of crypto as a potential vote-winner is easy to understand when looking at the numbers, especially since digital assets are primarily held by younger people. Globally, more than 80mn individual crypto wallets are at present active, according to data website Blockchain.com.

Weekly newsletter

For the latest news and views on fintech from the FT’s network of correspondents around the world, sign up to our weekly newsletter #fintechFT

Sign up here with one click

A survey from crypto exchange Gemini found that 18 per cent of UK adults own digital assets, while in the US a comparable number of adults hold such coins. They are mostly young, with more than 40 per cent of crypto owners in the US aged under 35.

The numbers are rising. Almost half of all crypto owners in the US, Latin America and Asia-Pacific bought digital tokens over the course of last year, the Gemini study shows.

“The recent Russian invasion of Ukraine and the sanctions by the US government have brought digital assets to the attention of many voters,” said Richard Levin, chair of the FinTech and Regulation Practice at law firm Nelson Mullins Riley & Scarborough.

He added that the presidential executive order on digital assets had also brought the issue of cryptocurrencies to the attention of candidates running for Congress. There were already some, such as Wyoming’s Cynthia Lummis, who are outspoken supporters of blockchain and whose campaigns would probably benefit from the support of crypto enthusiasts.

With the number of crypto-curios rising, interest from politicians is only going to follow.

“I can say this with certainty: more and more candidates whether incumbent or challengers are paying attention to crypto,” said Warren.

Share76Tweet47

Related Posts

RTL Today – PWC – Think Lab: Why you should care about the metaverse

RTL Today – PWC – Think Lab: Why you should care about the metaverse

by admin
May 16, 2022
0

Last week, the (probably) first auction for a non-fungible token (NFT) in Luxembourg ever took place. It was part of...

Solana Killer Bitgert Has Been Integrated On CoinMarketCap – Analytics Insight

by admin
May 15, 2022
0

Solana Killer Bitgert Has Been Integrated On CoinMarketCap  Analytics Insight

Is Epic Games planning to release its own cryptocurrency for gamers?

Is Epic Games planning to release its own cryptocurrency for gamers?

by admin
May 14, 2022
0

Epic Games will look to help creators who want to build businesses around their work.Crypto has been dominating headlines this...

LedgerChain Blockchain may have a significant role in 2022

LedgerChain Blockchain may have a significant role in 2022

by admin
May 14, 2022
0

May 13: New technical developments and new market players in emerging technology may be the only hope for the global...

The TRON Grand Hackathon 2022 Returns for Season 2

The TRON Grand Hackathon 2022 Returns for Season 2

by admin
May 14, 2022
0

Geneva, Switzerland--(Newsfile Corp. - May 13, 2022) - TRON DAO and BitTorrent Chain (BTTC) are gearing up for Season 2...

Load More
  • Trending
  • Comments
  • Latest

Bitcoin Is ‘Definitely Not a Fraud,’ CEO of Mobile-Only Bank Revolut Says

March 2, 2022

Bitcoin’s Main Rival Ethereum Hits A Fresh Record High: $425.55

March 3, 2022
How online shopping has changed over the last 30 years | National

How online shopping has changed over the last 30 years | National

April 6, 2022

India: Bitcoin Prices Drop As Media Misinterprets Gov’s Regulation Speech

March 4, 2022

US Commodities Regulator Beefs Up Bitcoin Futures Review

0

Bitcoin Hits 2018 Low as Concerns Mount on Regulation, Viability

0

India: Bitcoin Prices Drop As Media Misinterprets Gov’s Regulation Speech

0

Bitcoin’s Main Rival Ethereum Hits A Fresh Record High: $425.55

0
RTL Today – PWC – Think Lab: Why you should care about the metaverse

RTL Today – PWC – Think Lab: Why you should care about the metaverse

May 16, 2022
USA finance and payments live updates: Bitcoin drops, $400 monthly check car owners, Child Tax Credit 2022, S. – AS USA

USA finance and payments live updates: Bitcoin drops, $400 monthly check car owners, Child Tax Credit 2022, S. – AS USA

May 15, 2022

Solana Killer Bitgert Has Been Integrated On CoinMarketCap – Analytics Insight

May 15, 2022
Things go from bad to worse at Better.com – TechCrunch

Things go from bad to worse at Better.com – TechCrunch

May 15, 2022

Latest News

RTL Today – PWC – Think Lab: Why you should care about the metaverse

RTL Today – PWC – Think Lab: Why you should care about the metaverse

May 16, 2022
USA finance and payments live updates: Bitcoin drops, $400 monthly check car owners, Child Tax Credit 2022, S. – AS USA

USA finance and payments live updates: Bitcoin drops, $400 monthly check car owners, Child Tax Credit 2022, S. – AS USA

May 15, 2022

Categories

Site Navigation

  • Home
  • About us
  • Contact us
  • Privacy policy
  • Terms and services
  • Home
  • About us
  • Contact us
  • Privacy policy
  • Terms and services

© 2022 Designed by news4global

No Result
View All Result
  • Home
  • Bitcoin
  • Blockchain
  • Business
  • Latest news
  • Market
  • Regulation
  • Videos

© 2022 Designed by news4global