A recent survey suggests that while republicans are often the ones touting crypto and the benefits of this growing financial industry, it’s democrats that hold the most digital money in their wallets.
Democrats Have a Lot of Crypto
The news is interesting given that over the past few years, democrats have waged war on the crypto space. For example, Joe Biden – America’s criminal-in-chief – has sought to implement a phony infrastructure bill designed not to rebuild or upkeep our schools, roads, and hospitals as the word “infrastructure” would imply. Rather, the bill contains hidden verbiage aimed at crypto investors, and the goal is to get more tax money out of them beginning next year in 2024.
In addition, Biden has sought to implement an Obama-era policy that would remove all crypto companies from traditional finance. Thus, they couldn’t gain access to bank accounts or similar products and services. He has also worked to establish a 30 percent tax for all crypto and bitcoin miners. The list goes on and on.
Democrats like Elizabeth Warren, a senator from Massachusetts, consistently state that crypto is a breeding ground for criminality, while the corrupt attorney general in New York Leticia James has worked her rear off to ensure all crypto companies in her home state either suffer for sticking around or move out fast.
Given all these examples, one is left to assume that the left hates crypto and they’ll do just about anything to get rid of it permanently. However, the survey – conducted by Crypto Council for Innovation – shows that democrats are still abiding by their “rules for thee, but not for me” mentality given they hold much more crypto than republicans.
The survey showed that approximately 13 percent of all democrats have crypto to their names, while only ten percent of republicans can call themselves digital investors. Stefan Rust – the CEO of Truflation – commented in an interview:
Crypto just suits multiple demographics, and as it goes more and more mainstream, you will see a divergent set of participants engaging in crypto. We have already seen presidential candidates [like democrat Robert Kennedy Jr. and Miami republican mayor Francis Suarez] announce their pro-crypto support. The cat is already out of the bag on crypto.
Rules for Thee, but NOT for Me
This is just another example of the extraordinary hypocrisy exhibited by the democrat party. It was also shown, several months ago, that most democrats garnered crypto donations and funds from the likes of Sam Bankman-Fried, the former (now disgraced) head of crypto trading platform FTX, during the 2020 and 2022 midterm elections.
Despite all their hatred of digital assets, it came out that they didn’t mind accepting a few extra digital dollars here and there from someone who is clearly on the verge of being declared a criminal.
