Crypto is now a partisan issue in the United States, and there’s a clear reason as to why, according to a former Coinbase executive.
Author and entrepreneur Balaji Srinivasan argued this weekend that digital assets appeal to “American conservatives” and “Chinese Liberals” – demographics that generally aren’t represented by the Democratic party.
Crypto Versus Rich Democrats
In a tweet this Sunday, Balaji said that crypto is for “small countries and dispossessed minorities,” providing a new form of power to those who lack the influence of the state.
“Democrats and Communists control powerful states, so they don’t benefit from crypto,” Balaji wrote. “But everyone else does.”
The entrepreneur highlighted how employees of the nation’s top employers – including Microsoft, Amazon, Google, and the U.S. government – primarily donated to the Democrats over Republicans.
What’s more, the richest counties across the United States producing most of the nation’s
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