{"id":59664,"date":"2023-09-19T07:18:48","date_gmt":"2023-09-19T11:18:48","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=59664"},"modified":"2023-09-19T07:18:49","modified_gmt":"2023-09-19T11:18:49","slug":"tom-emmer-digital-assets-could-shape-the-2024-election","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/tom-emmer-digital-assets-could-shape-the-2024-election\/","title":{"rendered":"Tom Emmer: Digital Assets Could Shape the 2024 Election"},"content":{"rendered":"\n

The growing role of digital assets could influence the 2024 U.S. presidential election.<\/a> Republican congressman and crypto advocate Tom Emmer warns anti-crypto candidates who could face a backlash from voters who value financial privacy and freedom. Meanwhile, several candidates have already expressed their views on central bank digital currencies (CBDCs), which different camps see as a threat or an opportunity.<\/p>\n\n\n\n

\"Tom<\/figure>\n\n\n\n


Tom Emmer, who is the Majority Whip of the House of Representatives and the co-chair of the Congressional Blockchain Caucus, believes that crypto is a \u201csleeper issue\u201d<\/em> in U.S. politics. <\/p>\n\n\n\n

He thinks that many candidates are unaware of or indifferent to the impact of digital assets<\/a> on both state and federal politics.<\/p>\n\n\n\n

Emmer sees a generational divide in the U.S., where younger and more tech-savvy people understand and appreciate the benefits of cryptocurrencies, such as privacy, autonomy, and innovation. <\/strong><\/p>\n\n\n\n

On the other hand, older and more established lawmakers seem confused or hostile to the digital realm, potentially creating policies that could stifle or suppress crypto development.<\/p>\n\n\n\n

Emmer predicts that this gap could lead to a political backlash, where voters could challenge or reject candidates who threaten their digital rights and interests. <\/p>\n\n\n\n

He envisions a future where crypto becomes a decisive factor in the electoral outcomes, regardless of the political affiliation of the voters.<\/p>\n\n\n\n

The CBDC Controversy<\/h3>\n\n\n\n

One of the main topics that has sparked debate among candidates and policymakers is the idea of a central bank digital currency (CBDC), which is a digital form of fiat money issued and controlled by the central bank. <\/p>\n\n\n\n

Some see CBDCs as a way to modernize the payment system,\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> increase financial inclusion, and enhance monetary policy. However, others see them as a way to increase government surveillance, control, and interference in the economy.<\/p>\n\n\n\n

At least six candidates running for office in 2024 have already stated their positions on CBDCs. Florida Governor Ron DeSantis,<\/a> second to former President Donald Trump in the Republican polls, has been leading the charge against CBDCs. <\/p>\n\n\n\n

He signed a bill into law earlier this year that banned the use of a federally issued digital dollar in Florida. He also vowed to eliminate CBDCs completely if he wins the presidency.<\/p>\n\n\n\n

DeSantis is not alone in his opposition to CBDCs. Other candidates who have expressed similar views include Republican Vivek Ramaswamy and Democrat Robert F. Kennedy Jr. <\/p>\n\n\n\n

They have raised concerns about the financial privacy and security of CBDC users, as well as the potential for political manipulation and censorship by the government.<\/p>\n\n\n\n

However, not everyone is against CBDCs. Tom Emmer himself has a more nuanced view on the matter. <\/p>\n\n\n\n

\"Tom<\/figure>\n\n\n\n

He does not reject CBDCs outright but believes they can only exist under certain conditions: they must be open, permissionless, and private. <\/p>\n\n\n\n

He compares CBDCs to cash,<\/use><\/svg><\/span><\/a> a transaction mode that guarantees user privacy and does not require government approval.<\/p>\n\n\n\n

Why Crypto Matters for 2024<\/h3>\n\n\n\n

The 2024 election could be influenced by the growing role of crypto in the economy and society. Crypto is not just a niche or a fad; it is a powerful force that challenges the status quo and offers new possibilities for innovation and freedom. <\/p>\n\n\n\n

Candidates who ignore or oppose crypto could risk losing the support of millions of voters who value their digital rights and interests.
Crypto is also a global phenomenon that affects U.S. competitiveness and leadership worldwide. <\/p>\n\n\n\n

As other countries explore or adopt CBDCs or other forms of digital money, the U.S. cannot afford to fall behind or isolate itself from the digital revolution. <\/p>\n\n\n\n

The U.S. needs to embrace crypto as an opportunity rather than a threat and foster a regulatory environment that supports rather than stifles crypto innovation.<\/p>\n","protected":false},"excerpt":{"rendered":"

The growing role of digital assets could influence the 2024 U.S. presidential election. Republican congressman and crypto advocate Tom Emmer warns anti-crypto candidates who could face a backlash from voters who value financial privacy and freedom. Meanwhile, several candidates have already expressed their views on central bank digital currencies (CBDCs), which different camps see as […]<\/p>\n","protected":false},"author":44,"featured_media":59666,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[130],"tags":[14825,773,1526,16482],"class_list":["post-59664","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","tag-2024-elections","tag-cbdc","tag-digital-assets","tag-tom-emmer-2"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/09\/EmmerCrypto940.webp","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/59664","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=59664"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/59664\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/59666"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=59664"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=59664"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=59664"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}