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A reminder that crypto is, for now, nonpartisan, though in a weird way. The Biden administration is generally taking a middle-of-the-road approach (not just on crypto!). Republicans included both 11th hour anti-crypto lawmaking on the way out, and the most pro-crypto senator.

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Documenting Bitcoin

@DocumentingBTC

Jan 21, 2021

Janet Yellen, "I think it important we consider the benefits of cryptocurrencies and other digital assets, and the potential they have to improve the efficiency of the financial system... while curtailing their use for malign and illegal activities."

finance.senate.gov/imo/media/doc/

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and

Not true at all. I know you're Biden's biggest donor, but there's no doubt they'll wrap a LOT of federal regulation around it. Things like the STABLE Act will eventually come to fruition as well under Democrats. They're the party of centralization and regulation.

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and

Mnuchin gave the same rhetoric about needing to "promote innovation" early on. Don't get your hopes up. Federal legislators want to regulate cryptocurrencies, period. It is a bipartisan push, but Democrats generally want to Federalize everything, instead of leave it to states.

SBF

@SBF_FTX

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@StopGroupthink

The Democratic party is also more tech-aligned though; in the case of BTC, there's tension between the libertarian lean towards the Republican party and the tech lean towards Democrats

9:48 PM · Jan 21, 2021Twitter Web App

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and

Democrats are more tech-aligned in the traditional startup sense. Bitcoin is quite different since it challenges the Fed/monetary policy, which Democrats cherish so much. I'm glad you're on the front lines and I'm glad Coinbase will IPO, that should help shield things.

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