America Loves Crypto
Key Battleground State Pennsylvania Hosts Day Five of the America Loves Crypto Tour
Published
3 months agoon
By
adminOn a cool autumn evening in Philadelphia, PA, more than just crypto bros showed up in The City of Brotherly Love to show their support for Bitcoin and crypto on the fifth stop on the America Loves Crypto tour. A diverse crowd of approximately 200, split evenly between men and women, filled Vinyl, a stylish venue in the heart of the city where the event was hosted. The size and enthusiasm of the crowds on this tour has grown considerably as it has rolled on, lending some credence to the notion that the crypto voting block may play a role in swaying major races in US elections come November.
The speakers on this tour date included former US Senator and member of Coinbase’s Global Advisory Board Pat Toomey (R); former Congressman Patrick Murphy (D), Kara Calvert, Head of US Policy at Coinbase; Dominic Folino, President of the Pennsylvania Blockchain Coalition; David Johnson, General Council and Strategic Advisor at The Giving Block; Cody Eddings, co-founder and CEO of Snap Refund; and Sam Weinrott, co-founder of PizzaDAO. Electronic pop artist Lauv headlined the event.
The theme at the event was that Pennsylvanians, 1.4 million of which are crypto owners, have a big role to play if they want to help move the US in a more pro-crypto direction. Pennsylvania is one of the seven swing states that will likely decide the outcome of the US Presidential election in November, and it’s the one with the most electoral votes: 19. Given that the number of that state’s residents who own crypto is 18 times the vote differential between President Biden and former President Trump in the 2020 Presidential election, it’s imperative that pro-Bitcoin and pro-crypto Pennsylvanians vote, which the speakers at this event made clear.
Former Politicians Urge Pro-Crypto Pennsylvanians To Vote
As one of the first speakers at the event, Toomey, a long-term crypto advocate, set the tone for the evening, calling on voters to vote anti-crypto politicians out of office.
“My former colleagues have not been able to get legislation across the goal line [and] an out of control Securities and Exchange Commission [SEC] is casting a dark shadow over all kinds of crypto development,” began Toomey from the stage.
“The growth of this whole sector should be happening in the United States of America. We’ve got the head start. We’ve got the tremendous entrepreneurship. We’ve got the infrastructure. But, increasingly, some of the most talented people in our country are leaving because there are jurisdictions overseas that have provided legal clarity about this,” he added.
“There are some folks in Congress on both sides of the aisle that are very in favor of allowing crypto to really develop and thrive. And there are others who are very hostile. My suggestion: some of the hostiles need to lose an election.”
Murphy brought a similar energy, as he highlighted the importance of Bitcoin and crypto as well as Pennsylvanians’ role as voters to protect it.
“The whole point of crypto is the fact that we don’t have to rely on a government or a central bank,” said Murphy, making the point that we can use the technology to control our own destiny.
He then seconded Toomey’s call to action regarding voting anti-crypto politicians out of office.
“He was absolutely right when he said there’s people that are not for us, and we should hold them accountable,” said Murphy.
To do so, Murphy hammered home the point that Pennsylvania voters have a key role to play in this election.
“There are only really six states that are going to control this election, [and] Pennsylvania [is one with] 19 electoral votes,” said Murphy. “So, we have an incredibly important voice, but only if we use it.”
Founders Ask For Clear Crypto Rules
Following the talks from Toomey and Murphy was a founders panel featuring Johnson, Folino, Eddings and Weinrott.
Much like what was discussed on a panel on the first stop on the tour, the founders present asked for little more than clear rules of the road for crypto from the US regulatory apparatus.
“Being compliant in crypto right now in the US is incredibly hard because, as much as you want to follow the rules, it’s not always clear what the rules are,” said Johnson.
“Too many folks in Washington either don’t understand the technology, don’t care to understand it, or, in many cases, unfortunately, are hostile to it. The reality is innovators are gonna innovate, whether it’s here or somewhere else,” he added.
“We know that crypto is the future of payments, and the reason we’re out here supporting this is that we want that to happen in the US, not elsewhere.”
Folino chimed in, sharing his thoughts on the roadblocks preventing the crypto industry from flourishing in the US.
“Politicians, regulation and one Senator whose name we all know I think is a real big reason why we’re not moving forward,” said Folino, presumably referring to Senator Elizabeth Warren, head of the anti-crypto army. “Everyone has to get out and vote; everyone has to continue to educate everyone they can.”
Folino is no stranger to educating others, including policymakers in Pennsylvania, about Bitcoin and crypto. Through his work at the Pennsylvania Blockchain Coalition, he frequently speaks with state-level politicians.
“Folks absolutely want to get it,” Folino told Bitcoin Magazine about the elected officials and bureaucrats who he educates in Pennsylvania.
“We’ve got a lot of more open-minded members in the PA State House. And I think they’re getting it in the Senate, as well,” he added, before sharing that crypto will be a pivotal issue in upcoming PA elections in both this election cycle and even more so in the future.
A Sophisticated Voter Base
Calvert echoed Folino’s sentiment that crypto would continue to become a bigger voting issue as time goes on. She’s also been pleasantly surprised by not only how many have raised their voices to make crypto an issue in this election cycle, but by how sharp those who have spoken up and come out to the America Loves Crypto tour events are.
“It’s a really sophisticated crowd,” said Calvert of the tour’s attendees. “I expected more people who were just coming out for the artists, and what I’ve discovered is it’s people who really, really care deeply about crypto.”
Calvert also commented on the fact that those in attendance are not only educated when it comes to crypto but are active voters, as well.
“In Detroit I asked the question ‘How many people know where their polling place is?’” said Calvert, before mimicking the majority of the crowd’s reaction by shooting her own hand into the air.
“I was blown away. So, it’s not just the sophistication of them as crypto owners, [but] their sophistication as voters. In Milwaukee, same thing. And here, same thing. I’ve been stunned by how sophisticated they are,” she added.
In part because of what she’s seen on the tour, Calvert believes that the Bitcoin and crypto industry will find a home in the US.
“America is going to win,” said Calvert.
“You can’t prevent innovation from happening. You can make it a lot harder. You can create barriers. But ultimately, I think innovation wins out,” she added, before noting that the new, powerful crypto voting block has to get out and vote in November to help expedite this process — especially in a state like Pennsylvania.
The final date of the America Loves Crypto tour is scheduled for Wednesday, September 18, at The Black Cat in Washington, DC and will feature a performance by The Chainsmokers. You can RSVP to the event here.
Source link
You may like
Perp-Focused HyperLiquid Experiences Record $60M in USDC Net Outflows
Experts say these 3 altcoins will rally 3,000% soon, and XRP isn’t one of them
Robert Kiyosaki Hints At Economic Depression Ahead, What It Means For BTC?
BNB Steadies Above Support: Will Bullish Momentum Return?
Metaplanet makes largest Bitcoin bet, acquires nearly 620 BTC
Tron’s Justin Sun Offloads 50% ETH Holdings, Ethereum Price Crash Imminent?
America Loves Crypto
Bipartisan Consensus Emerges on Final Day of America Loves Crypto Tour
Published
3 months agoon
September 20, 2024By
adminThe final event of the America Loves Crypto tour took place yesterday in Washington, D.C. as the country counts down to the 2024 election. Speakers including Coinbase CEO Brian Armstrong, ConSensys CEO Joseph Lubin, and Congressman Wiley Nickel (D-NC) addressed the maximum capacity crowd at the Black Cat music venue.
The speakers largely agreed on one idea: the importance of supporting cryptocurrency in America through a concerted bipartisan effort.
In their shared stage appearance, Brian Armstrong and Congressman Nickel noted that they see it as critical to keep and foster cryptocurrency innovation in America.
This importance, for Nickel in particular, is not so solely founded on a belief in the technology, but is ostensibly due to the fact that 20% of American adults own some form of cryptocurrency, a voting block that Nickel thinks “[has] the ability to sway elections.”
Nickel added: “If we want to do things in Washington, it’s critically important that we do it in a bipartisan way. If we politicize the issue with one party going into crypto versus another, it’s going to poison the well in Washington for a decade.”
Since Biden took office in 2020, his administration’s SEC, DoJ and DoE (Department of Energy) officials have introduced a fair amount of unwelcome regulatory hurdles. Notably, Nickel’s support of cryptocurrency does signal a change of tune for the historically hostile Democratic Party.
“I started coming to DC five years ago, and when I first came here, most people didn’t know what crypto even was,” said Armstrong. “One member of Congress asked me: ‘Isn’t this all some video game or something like that?’ Once they figured out what crypto was over the years, the conversation totally shifted. Now, everybody knows what crypto is, we’re kind of the belle of the ball, the hot topic on everyone’s lips.”
However, one attendee, an executive at a prominent financial institution who wished to remain anonymous, reflected on the development of crypto-politicking and what they see as under-commitment on the part of the Democratic Party.
In particular, the executive believes that the Biden administration’s veto of legislation overturning SAB 121, which if signed would have allowed highly regulated financial institutions to custody digital assets, was a major wake-up call.
They remarked that the crypto industry, despite raising large amounts of money for campaign contributions, still carries a strong stigma and that policymakers don’t offer the respect this single-issue voter bloc deserves.
The America Loves Crypto tour had been focused on addressing the stigma with a mixture of live music and grassroots community building. Alex Pall and Drew Taggart, otherwise known as The Chainsmokers, closed out the event, entertaining the crowd with their classic hits, unreleased music, and most notably a cry of “F$*# Gary Gesnler”. The Chainsmokers themselves are no strangers to cryptocurrency and founded the tech and crypto-focused Mantis Venture Capital fund in 2020.
With stops in Arizona, Nevada, Michigan, Wisconsin, Pennsylvania and Washington, D.C., many in attendance on the America Loves Crypto tour were hopeful that more than 1.4 million Stand With Crypto advocates nationwide can flex their muscle as a true deciding factor in November.
Source link
Perp-Focused HyperLiquid Experiences Record $60M in USDC Net Outflows
Experts say these 3 altcoins will rally 3,000% soon, and XRP isn’t one of them
Robert Kiyosaki Hints At Economic Depression Ahead, What It Means For BTC?
BNB Steadies Above Support: Will Bullish Momentum Return?
Metaplanet makes largest Bitcoin bet, acquires nearly 620 BTC
Tron’s Justin Sun Offloads 50% ETH Holdings, Ethereum Price Crash Imminent?
Investors bet on this $0.0013 token destined to leave Cardano and Shiba Inu behind
End of Altcoin Season? Glassnode Co-Founders Warn Alts in Danger of Lagging Behind After Last Week’s Correction
Can Pi Network Price Triple Before 2024 Ends?
XRP’s $5, $10 goals are trending, but this altcoin with 7,400% potential takes the spotlight
CryptoQuant Hails Binance Reserve Amid High Leverage Trading
Trump Picks Bo Hines to Lead Presidential Crypto Council
The introduction of Hydra could see Cardano surpass Ethereum with 100,000 TPS
Top 4 Altcoins to Hold Before 2025 Alt Season
DeFi Protocol Usual’s Surge Catapults Hashnote’s Tokenized Treasury Over BlackRock’s BUIDL
182267361726451435
Why Did Trump Change His Mind on Bitcoin?
Top Crypto News Headlines of The Week
New U.S. president must bring clarity to crypto regulation, analyst says
Will XRP Price Defend $0.5 Support If SEC Decides to Appeal?
Bitcoin Open-Source Development Takes The Stage In Nashville
Ethereum, Solana touch key levels as Bitcoin spikes
Bitcoin 20% Surge In 3 Weeks Teases Record-Breaking Potential
Ethereum Crash A Buying Opportunity? This Whale Thinks So
Shiba Inu Price Slips 4% as 3500% Burn Rate Surge Fails to Halt Correction
Washington financial watchdog warns of scam involving fake crypto ‘professors’
‘Hamster Kombat’ Airdrop Delayed as Pre-Market Trading for Telegram Game Expands
Citigroup Executive Steps Down To Explore Crypto
Mostbet Güvenilir Mi – Casino Bonus 2024
NoOnes Bitcoin Philosophy: Everyone Eats
Trending
- 3 months ago
182267361726451435
- Donald Trump5 months ago
Why Did Trump Change His Mind on Bitcoin?
- 24/7 Cryptocurrency News4 months ago
Top Crypto News Headlines of The Week
- News4 months ago
New U.S. president must bring clarity to crypto regulation, analyst says
- Price analysis4 months ago
Will XRP Price Defend $0.5 Support If SEC Decides to Appeal?
- Opinion5 months ago
Bitcoin Open-Source Development Takes The Stage In Nashville
- Bitcoin5 months ago
Ethereum, Solana touch key levels as Bitcoin spikes
- Bitcoin5 months ago
Bitcoin 20% Surge In 3 Weeks Teases Record-Breaking Potential