OP-ED: Can DeFi break out of the partisan trap in 2022? by grahamenewhall
Graham Newhall is a senior advisor to the DeFi Education Fund.
Some of that partisanship reflects real differences in opinion . For instance, we could predict, generally, whether a Republican or Democrat would be in favor of new offshore drilling licenses. Democrats, as a rule, care more about the impact of fossil fuel production on the climate, while Republicans favor the expansion of domestic investment projects. These differences fluctuate depending on where an elected official hails from, but the patterns hold if we zoom out.
According to the respondents of an October Future Majority poll, a combined 28% have either already invested in crypto or would consider doing so in the near future. And, true to the open and democratizing nature of permissionless crypto networks, Asian, Black and Hispanic Americans are more likely to hold crypto than their white counterparts.
Why, then, do we hear that leading Democrats continue to characterize the entire crypto ecosystem as an investor-rugging Wild West? If you feel that the current financial system is unbalanced, with the bulk of its rewards going to very few people, you may see the same problems in crypto markets, latching onto any news about hacks and shitcoin scams to support such a view. Likewise, if you support an individual’s right to determine their own financial future and you support homegrown entrepreneurs building tools to support that financial future, then being pro-crypto is a no-brainer.
For Republicans, the embrace of crypto is clearer, not only as a way to differentiate themselves from Democrats but also as a reflection of their history as a pro-business and pro-investor party. There is another dimension a well-meaning Republican might explore, that also aligns with long-held, general principles: reducing the role of government in an individual’s life.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Algorand Surges as Foundation Incentivizes DeFi Activity on AlgofiALGO tokens were among the few climbers on Thursday morning after AlgoFoundation introduced liquidity rewards for a new product built on Algorand. By shauryamalwa
Read more »
DeFi | Earn Crypto | Binance Liquid Swap | BinanceBinance offers you the best DeFi crypto earning opportunities on many different crypto liquidity pools. Sign up to earn crypto today on Binance Liquid Swap!
Read more »
Bringing DeFi to Cosmos: How the Gravity DEX Protocol Came to be | Hacker NoonThe Gravity DEX protocol is finally live. Users will be able to experience the protocol when Emeris, the first platform to support it, launches in beta.
Read more »
Sushi Tries to Pick Up the Pieces: A DeFi Governance Case StudyIN-DEPTH: SushiSwap rose to prominence on the promise of a more decentralized DeFi exchange. Now, after months of infighting, the honeymoon is over for $SUSHI and the DAO has to get serious about operations. Blockanalia unpacks the saga.
Read more »
DeFi startup Umee raises additional $32 million in CoinList saleUmee's offering was the largest number of registrants in the history of CoinList sales and sold out in an hour.
Read more »
Cardano To Launch DeFi Loan Service In Africa Next Year To Foster Crypto Adoption For Over 1.3 Billion People On The ContinentCardano hopes to kickstart DeFi in Africa next year with new offerings. Charles Hoskinson believes it will help liberate Africans from oppressive banking institutions. Cardano has had a growing presence in the African continent with deals in Ethiopia and Tanzania. Charles Hoskinson, Cardano’s...
Read more »