Unsurprisingly, Republican and Democrat politicians have begun to politicize crypto along party lines, gckaloudis writes. Opinion for 'The Node' newsletter
So if you were under any suspicion that crypto wasn’t political, then I’m sure that suspicion is now shattered. Crypto is politicized.
Cruz didn’t make it about political parties and instead leaned into the importance of financial privacy and the global dominance of the U.S. dollar as a matter of national security. This itself is interesting because that’s exactly the point at the center of Warren’s anti-crypto stance, which includes new anti-money-laundering bills and tamping down on sanctions evasion.
Where crypto’s politicization will get more interesting is specifically on the topic of CBDCs and Bitcoin in the shadow of the current banking crisis.in an interview with NBC’s Chuck Todd: If history is a guide, if CBDCs enter the political discourse this coming election cycle, it will become a red-blue issue. Conservatives have already begun coming out as anti-CBDC because its introduction could allow the government to surveille and potentially censor regular, law-abiding Americans. Liberals could then align as pro-CBDC because private cryptocurrencies enable money laundering and don’t offer the same government-assured backstop a CBDC would.
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