Ripple CEO Calls for Increased Political Awareness in Crypto
Crypto markets have faced criticism from skeptics over the years, but according to Ripple CEO Brad Garlinghouse, the lack of understanding about cryptocurrencies among political figures is a major concern. In an interview with Bloomberg, Garlinghouse highlighted that many politicians make uninformed statements about digital currencies without factual evidence. He also mentioned that Ripple has established a super PAC to support pro-crypto candidates in the upcoming 2024 US elections.
Crypto Community Criticizes Elizabeth Warren
Elizabeth Warren, a US senator, has faced significant opposition from the crypto community due to her unfavorable stance on virtual assets and proposed legislation that could harm crypto investors. According to a Bloomberg report, the cryptocurrency industry is intensifying its criticism of Warren’s anti-crime bill, arguing that it would destroy the industry in the US and jeopardize the savings of lawful crypto investors.
Crypto Voters Hold Significant Influence
As elections approach in various countries worldwide, crypto markets and regulations surrounding them are becoming crucial factors for voters. In the United States alone, Forbes reports that 1 in 5 Americans own digital assets, totaling 52 million people. These crypto holders span across different political affiliations, with 22% identifying as Democrats, 18% as Republicans, and 22% as Independents. The upcoming 2024 elections will see up to 1.9 million votes determined by crypto supporters, potentially impacting the outcome of the election.
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