Is American politics enough to make encryption a partisan issue?

As people’s awareness of the legitimacy of blockchain technology increases, American politicians have shown increasing interest in turning this non-partisan technology into a topic of political disagreement.

On Friday, former presidential candidate Hillary Clinton delivered a video to the audience at the Bloomberg New Economic Forum in Singapore Said Although cryptocurrencies are an “interesting” technology, they also have the ability to weaken the U.S. dollar and destabilize the country-“maybe start small, but on a larger scale.” Although he is no longer the leader of the Democratic Party, Clinton has a strong interest in cryptocurrencies. ’S views are similar to those of Democrats and Senator Elizabeth Warren, who often Criticize the crypto market During the committee hearing.

Clinton’s comments were made when discussing Russian President Vladimir Putin. She accused Putin of disinformation and cyber warfare activities — it seems to be referring to ransomware attacks and some encrypted payments related to it. Although the intentions of the former presidential candidate are not yet clear, well-known Democratic voices like Clinton further link Russia with cryptocurrencies and other seemingly unpolitical financial instruments, and may impede American legislation that tries to formulate policies on both sides of the aisle. Caused damage.

American party politics sometimes produces ridiculous divisions. For example, after lawmakers objected to former NFL quarterback Colin Kaepernick kneeling on one knee during the American National Anthem, many Republican voters destroyed their possessions-Nike shoes and Keurig brewing machines, to name a few. In the United States, the entire discussion around masks and vaccines is usually not a scientific issue, but a kind of “freedom”, mainly triggered by social media posts and conservative mouthpieces.

Former President Bill Clinton Speaking at Ripple’s Swell conference In 2018, he said that the “arrangement and possibilities” of the blockchain were “very great”, but when he made these statements, he had been out of office for about 17 years. When incumbent Democrats like Hillary Clinton publicly oppose cryptocurrency, will it affect the way incumbent lawmakers deal with the issue?

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On Monday, President Joe Biden Signed a $1 trillion infrastructure bill into law It has also implemented stricter rules for businesses that handle cryptocurrencies and expanded reporting requirements for brokers to include digital assets.At the same time that the two houses of Congress passed the bill Mainly done according to the party line — 69-30 votes in the Senate and 228-206 votes in the House of Representatives — The language on cryptocurrency seems to be more of a bipartisan issue.

Cynthia Lummis is a Republican senator who basically voted with her party on controversial issues, including opposition to the investigation of the January 6th U.S. Capitol attack and non-impeachment of the former president. Committee – However, even she came to encryption when crossing differences. Lummis voted against the infrastructure bill in the Senate and is currently Serving And Democratic Senator Ron Wyden passed new legislation to change the law’s tax reporting requirements so that it does not apply to certain individuals.

related: The U.S. House of Representatives passes a bipartisan bill to study blockchain and cryptocurrency

Other efforts between Democratic and Republican legislators show the current common ground-at least as far as cryptocurrency and blockchain are concerned.Texas Democrats plan to pilot a plan Designed to raise funds for candidates And causes use irreplaceable tokens, and the National Republican Congressional Committee and many state and federal candidates for the party’s Now accept cryptocurrency donations.