The Chopping Block: Crypto in US Politics & Roaring Kitty is back! - Ep. 646

May 16, 2024

Explore the fascinating intersection of cryptocurrency and U.S. politics, as discussions reveal how Trump's pro-crypto stance may sway voters. Delve into the legitimacy of single-issue voting on crypto and its implications for the political landscape. The talk shifts to the resurgence of meme stocks like GameStop and AMC, questioning their viability and market dynamics. Insights on public skepticism toward Bitcoin and the divide within the Democratic Party add depth to the exploration of current trends in finance and internet culture.

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INSIGHT

Crypto in US Politics

Donald Trump's pro-crypto stance might influence voter behavior in the 2024 US election.
This has sparked debate on whether voting solely on crypto policy is legitimate.

ADVICE

Political Strategy Advice

Acknowledge Democrats who support pro-crypto policies.
Avoid blanket criticisms of an entire political party, which can be detrimental.

INSIGHT

Crypto as Wedge Issue

Crypto is emerging as a significant wedge issue in US politics.
It may materially impact the upcoming election cycle due to increasing voter mobilization.

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Welcome to The Chopping Block – where crypto insiders Haseeb Qureshi, Tom Schmidt, Robert Leshner, and special guest Laura Shin explore the latest trends in the crypto world. In this episode, we touch on how Donald Trump's pro-crypto statements influence voter behavior in the upcoming U.S. elections. We ask ourselves, is voting based solely on crypto policy a legitimate strategy? What are the implications of the Biden administration's stance on crypto regulations for future electoral outcomes? Following the political discussion, we unpack the recent GameStop and AMC pump and dissect the viability of their business models. We bring to light the broader implications for memestocks and whether the increased capital really saves these companies. Tune in for a detailed exploration of these critical questions affecting the interplay of politics, finance, and cryptocurrency.

Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Pandora, Castbox, Google Podcasts, TuneIn, Amazon Music, or on your favorite podcast platform.

Show highlights

🔹 Crypto's Role in U.S. Politics: Trump's pro-crypto stance at a recent gala and its potential implications for voter behavior are examined.

🔹 Single Issue Voting on Crypto: The legitimacy of voting based solely on crypto policy is debated, with insights into how this could impact the political landscape.

🔹 Opinions on Financial Regulations: The various aspects of financial regulation, including the Biden's administration's stance on crypto, and predictions on how this might influence future electoral outcomes.

🔹 Roaring Kitty’s resurgence and its impact on GameStop's stock prices are discussed, analyzing the ongoing influence of meme stocks in the market.

🔹 Retail's Impact on Financial Markets and the broader implications of retail investment behaviors.

Hosts

⭐️Haseeb Qureshi, Managing Partner at Dragonfly

⭐️Tom Schmidt, General Partner at Dragonfly

⭐️Robert Leshner, CEO & Co-founder of Superstate

⭐️Laura Shin, journalist, author of ‘The Cryptopians,’ founder and CEO of Unchained

Disclosures

Links

Blockworks article: https://blockworks.co/news/only-a-fool-would-vote-on-crypto-alone

Trump’s 2019 Tweet: https://x.com/realDonaldTrump/status/1149472282584072192

SAB121: https://financialservices.house.gov/news/documentsingle.aspx?DocumentID=409250

Roaring Kitty Tweet: https://x.com/TheRoaringKitty/status/1789807772542067105

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