Democratic Party Could Win Back Crypto Votes Following Joe Biden’s Exit, Crypto Attorney Says

cryptonews.com:

The Democratic Party has “a huge opportunity to win back a big share of the crypto vote” following current U.S. President Joe Biden’s withdrawal from the 2024 presidential election, crypto attorney Jake Chervinsky says.

According to a July 21 X post by the Variant Fund CLO, the upcoming Democratic nominee “can flip the script and win back a meaningful number of crypto voters” following the Biden administration’s longstanding “hostility” toward the digital asset sector as a whole.

The DeFi Education Board member then makes five recommendations to the presumptive nominee to make it happen: recognizing crypto’s economic power, acknowledging the United States Securities and Exchange Commission’s (SEC) regulatory failures, outlining a productive policy platform, publishing a list of potential appointees to federal agencies handling the crypto sector, and reaching out to stakeholders across the digital asset industry.

With President Biden stepping aside, the Democratic Party has a huge opportunity to win back a big share of the crypto vote.

This should be top priority for the new nominee in an election that will be won on the margins in states where crypto is a live issue.

Here’s why:

It's…

— Jake Chervinsky (@jchervinsky) July 21, 2024

“If the Democratic Party is serious about winning this election, the new nominee must seize this opportunity,” Chevrinsky continues.

Chervinksy’s comments come as the race to the White House reaches a critical juncture for the blockchain industry, with recent data from the Digital Currency Group showing that one in five voters in battleground states find crypto a major issue in the upcoming 2024 election.

Republican nominee Donald Trump has widely embraced a pro-crypto sentiment on the campaign