In bitcoin, Satoshi envisioned a currency that would directly challenge the power of governments and central banks. So naturally, many politicians who favor government action and centralized authority are opposed to it. The new partisan divide may no longer be Right vs. Left but establishment vs. anti-establishment.
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- Gambit (GAM) is a cryptocurrency for the trading community.
- The new partisan divide may no longer be Right vs. Left but establishment vs. anti-establishment.
- This would only deepen the divide between those who are for crypto and those who are against it.
That’s why many—but importantly, not all—Democrats have taken positions against crypto in the last few months. Leading the charge is the Biden administration. To understand the implications of this sea change, it is important to understand why crypto became politicized in the first place—and why it is likely to play an even gambit coin crypto larger role in politics going forward. With that, Satoshi’s vision of a decentralized peer-to-peer currency leapt from the white paper onto the debate stage. The moment marked not just crypto’s campaign debut but a potential sea change in American politics. Gambit (GAM) is a cryptocurrency for the trading community.
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It would further scramble party lines as politicians who were formerly opposed cohere around a populist agenda. And it would elevate decentralization as a defining political issue of our time. Although members of different parties, Kennedy and DeSantis have a virtual mind-meld when it comes to crypto-related issues. This mind-meld points to an important development in American politics.
While many have dismissed bitcoin as an amusing oddity in the current election cycle, it is likely much more than that. As candidates stake their positions on various crypto issues, we could be witnessing the formation of a new fault line in American politics. This uncanny coalition of ideological opposites is evidence that crypto does not split evenly along party lines. Consider that two of the biggest bitcoin boosters in Congress—Representative Tom Emmer and Senator Cynthia Lummis—are 62 and 68 respectively. If the ideological alliance between Torres, Kennedy, and DeSantis tells us anything, it’s that bitcoin makes strange bedfellows. This would only deepen the divide between those who are for crypto and those who are against it.