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The Scoop
Paradigms VP of Regulatory Affairs breaks down why Harris lost - and what Trump's win means for crypto
Nov 11, 2024
Justin Slaughter, Vice President of Regulatory Affairs at Paradigm, delves into the recent election's impact on the crypto landscape. He critiques the Democratic Party's lackluster engagement with crypto voters and examines Kamala Harris's defeat, attributing it to a misplaced focus on Trump over voter concerns like inflation. Slaughter highlights the shifting dynamics of split ticket voting and the need for political strategies that resonate with younger and non-white crypto advocates. He also discusses the potential of cryptocurrency in addressing economic challenges and calls for improved regulatory frameworks.
56:40
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Quick takeaways
- The Democratic Party's failure to engage with the cryptocurrency community alienated younger and non-white voters crucial to their electoral success.
- Regulators lack a deep understanding of cryptocurrency, often viewing it solely as a tool for illicit activities rather than an economic innovation.
Deep dives
The Misunderstanding of Crypto Regulation
There is a clear disconnection between regulatory staff and the cryptocurrency industry, with regulators often viewing crypto as simply a tool for illicit activities rather than understanding its broader implications. The conversation reveals that the current administration avoids engaging in meaningful legislation or regulation for the crypto market, instead opting for punitive measures driven by a misunderstanding of the technology. By enforcing stringent measures without outreach or in-depth knowledge, regulators risk alienating a significant voter base. This neglect manifests a lack of acknowledgment for the potential benefits of crypto technologies in driving economic innovation and inclusion.
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Discover
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