US Senator Accuses Democrats Of Trying To ‘Destroy Crypto’ While Offering ‘Lip Service’

Quick Summary:

The crypto industry is voicing its concerns over the Democratic Party’s apparent indifference toward digital assets and blockchain technology in its latest party platform. This perceived snub has prompted the Republican Party to double down on its embrace of the nascent financial sector, further widening the partisan divide on the nascent technology.

Democrats have been trying to have it both ways—paying campaign-season lip service to crypto while maintaining their hostility toward this groundbreaking technology.

Earlier this year, she and Hagerty introduced the Preventing Illicit Finance Through Partnership Act, legislation aimed at fostering communication between federal law enforcement agencies and private crypto companies to combat illicit finance.

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Article Details

Author / Journalist: Ronaldo Marquez

Category: Crypto

Markets: HungaryUnited States

Topics: Crypto news Cryptocurrencies US crypto regulation Crypto Btc Bitcoin Digital currency US crypto market DeFi Cryptocurrency US crypto Crypto News Crypto regulation

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-21 @ 05:00:03 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 472 words

Reading Time: 3 minutes read

Sentences: 28 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 22189600

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

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Year Established: 2014

Headquarters: Hungary

News Last Updated: 9 hours ago

Coverage Areas: Hungary

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Publication Timezone: GMT +8:00

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Publisher ID: #105

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