Coinbase Software Engineer: If the Democrats want to secure enough votes, they must quickly change their stance on cryptocurrency

ChainCatcher message, Coinbase senior software engineer yuga.eth posted on social media: "As the Democrats descend into chaos, we are approaching the moment of greatest political influence for cryptocurrency in the United States. Democrats have been misled by figures like Elizabeth Warren into waging an unpopular and ineffective war on cryptocurrency, which will cost them thousands of votes in key swing states.

If the Democrats truly want to secure enough votes and avoid a disastrous defeat in November, they must swiftly and thoroughly change their stance on cryptocurrency. They should immediately halt enforcement and regulatory strategies, improve and pass FIT 21 in a bipartisan manner, and rescind SAB 121.

Instead, pro-cryptocurrency PACs should seize this opportunity to promote financial innovation in the U.S. by pressuring Democratic political leaders and policymakers for their commitments."