Crypto in the U.S. is more polarized and politicized than ever, as recent statements by Ron DeSantis and Joe Biden show. Here's how we might attain better quality debate. Opinion for the 'Money Reimagined' newsletter mikejcasey
As we know from the wider political arena, social media is a major contributor to this problem. Provocateurs from both the right and the left peddle fear-mongering exaggerations about their opponents and simplistic bromide solutions. It’s a proven way to build the real currency of power of our time: online attention.
If you’re reading this column, you’re likely a crypto believer. So, you might be inclined to point blame at politicians like Senator Elizabeth Warren and at regulators like Securities and Exchange Commission Gary Gensler, whose uncompromising stances have played into an increasingly hostile posture to the technology from progressive Democrats. That’s understandable. But simply doing so does not help. It takes two sides to create a toxic discourse.
Most strikingly, the piece cited Dresden’s mayor, William Hall, saying that before CoinDesk’s visit, he had never been contacted by a reporter, lobbyist or politician about Greenidge, whether they’re from the Bitcoin advocacy community or from critics who claim it’s harming the local environment.
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