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- ☕️ Crypto on the Ballot in 2024 🇺🇸
☕️ Crypto on the Ballot in 2024 🇺🇸
Which party is poised to be crypto’s champion...?
We’ve been talking a lot about the next election cycle and well, it’s finally here.
There are going to be plenty of issues on the table, from the economic to the cultural, and we feel reasonably confident that crypto’s going to get some time in the limelight.
But if there’s one fundamental rule of politics, it’s that you have to protect your interests.
So, which party is ultimately better for crypto?
☕️ Worldcoin’s Glow-up 🌎
Worldcoin’s Orb device, the biometric scanner in charge of adding eyeball data to Worldcoin’s data base, is getting a fresh new look.
Rather than the polished chrome set piece of a mad scientist’s lab, the next round of Orbs will have new color schemes and a more “toned-down” appearance.
These new Orbs will appear “much more friendly” and more like “an Apple product,” said Tools For Humanity’s CEO Alex Blania in an interview with TechCrunch.
Following in Apple’s footsteps, maybe the new Orbs could even have memes we could scroll through and supposedly private text conversations while they wantonly pillage our consumer data.
Spilling the Beans
Campaigning for Crypto 🇺🇸
As the next presidential election closes in, we need to get a few things straight.
Well, one really important thing. If you’re a one-issue voter, and that issue is crypto, which party should you vote for?
Now, we can only make measured guesses as to who the candidates will be, but pending a major upset we’ll assume it’s going to be Trump vs. Biden again (maybe Nikki Haley but… probably not.)
And regardless of how you feel about either of those first two candidates’ obviously decaying brains, if you’re like us, you really only concerned about crypto.
In fact, you’ve probably let the outcome of American crypto regulation consume you with a Gollum-like obsession, alienating you from your loved ones and costing you the respect of those around you.
It’s okay. Us too. Just shamble down into this moist cave with us and we’ll give you the skinny on the crypto campaign to come.
Generally, Republicans tend to lean towards a more hands-off approach to regulation.
They prioritize free-market principles and limited government involvement.
We’re seeing this epitomized in the Republican campaign approach to CBDCs.
Now that Desantis has dropped out, somebody needs to be the anti-CBDC guy.
“This would be a dangerous threat to freedom, and I will stop it from coming to America,” Trump said on the campaign trail in New Hampshire. “Such a currency would give a federal government, absolute control over your money. They could take your money, and you wouldn’t even know it was gone.”
Yes, the Republicans are vocally against a Central Bank Digital Currency, and they’re extremely pro-crypto.
They also tend to be radically anti-tax which will undoubtedly tempt most pro-crypto voters.
That being said, Trump’s SEC head Jay Clayton proved to be a proponent of crypto regulation and began the SEC’s controversial lawsuit against Ripple.
While Republicans are pro economic freedom they’re also big fans of lawsuits, so regardless of who wins in 2024, it’s not likely the SEC will chill that much.
Democrats aren’t sure if they like crypto… at all.
They do know that they love regulation and if America is going to move forward with widespread crypto adoption, it’s not going to be until the proper guidelines are in place.
But it feels like that framework is taking forever to draw up and progress is only moving by inches.
Naturally, Biden and the Democratic administration can’t ignore the massive economic potential of American crypto adoption, which is probably why we’ve seen the progress that we have.
But continued Democratic leadership would likely result in an incremental and cautious inching towards adoption that we’re seeing currently.
All of that said, we’ve already seen the Biden administration create new tax headaches for crypto traders, and it’s entirely likely they’ll make even more.
Do you risk it all and go red? Or cast a vote for the control group and go blue?
We’re not… going to tell you who to vote for. Listen, we’re touched, but if the deciding factor in your vote for the next president was going to be the deep dive section in our newsletter, you may need to seriously examine your relationship with email.
The Last Sip
In an effort to appear even friendlier, the next round of Worldcoin Orbs will simply be referred to as “Balls.”
Coffee & Crypto Team
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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.