Cryptocurrency Traders’ Election Crisis
After creating a series of consecutive news waves supported by an interesting group of cryptocurrency activists, the focus has shifted to the role of these activists in electoral equations, especially their financial support for candidates of the two American parties. Previously, we talked about the specific actions of the famous super PAC of crypto enthusiasts and Trump’s new plan for business in this area. Several months have passed since Trump’s change in stance on cryptocurrencies, as he, once a staunch opponent and essentially an old enemy of crypto enthusiasts, has now joined their ranks. It was previously narrated that this trend was actually due to the infiltration of a small group of cryptocurrency activists into Trump’s circle on one side, and JD Vance’s plan to attract Trump’s attention, and more importantly, his children, by bringing crypto money into their campaigns and accounts. One of the main reasons for the support of Trump’s two sons for Vance and his appointment as Trump’s chosen deputy was indeed the issue of cryptocurrency interests. In any case, the famous super PAC of crypto enthusiasts and various groups of these activists who have supported various candidates in different competitions have taken a cross-party trend, as we previously narrated. Now, new risks have emerged that are concerning for these activists. Some of the most prominent figures in the cryptocurrency field have abandoned the super PAC due to concerns about some factions leaning towards right-wing extremism. On the other hand, some special Democratic figures, such as Ro Khanna, a progressive Democrat who, despite appearing distant from the world of cryptocurrencies with his various social and political positions, has strong ties with Silicon Valley and extensive lobbying with activists in this field, have improved the Democrats’ position in this arena. A key point of these developments is the fact that Harris can no longer be portrayed as an opponent or, simply put, an enemy of cryptocurrencies. What has exacerbated the concerns of the cryptocurrency field’s activists is the fact that Trump has entered this arena and his new business endeavors. After his family members’ accounts were hacked and hackers invited people to invest in speculative areas, crypto enthusiasts concluded that the promises made by Trump’s children regarding the family’s digital transactions were inherently concerning. As always, Trump’s affairs and businesses are not immune to close scrutiny. Thus, the politicization of the cryptocurrency issue has become critical. The desired laws of a specific and cross-party spectrum of House representatives have not yet reached a satisfactory point. The super PAC’s actions of crypto enthusiasts to assist Senator Sherrod Brown, the Democratic chairman of the influential Senate Banking Committee, have also caused other cryptocurrency activists to worry about the future. Perhaps in the remaining two months until the elections, we will witness severe and public tensions among different factions of crypto enthusiasts in the political arena.
