The CEO of the crypto investment firm Galaxy Digital says Democrats are changing their tune on crypto as the 2024 US Presidential election approaches. In a new interview with CNBC’s Squawk Box, Mike Novogratz says the Biden administration is listening to the markets and shifting its standpoint on crypto. “But assuming, you know, the market is right, […]
The post Democrats To Abruptly Reverse Party Stance on Crypto To Avoid Election Disaster: Mike Novogratz appeared first on The Daily Hodl.
Former U.S. President Donald Trump convened with enthusiasts of his non-fungible tokens (NFT) collection on Wednesday and announced to the audience his decision to accept cryptocurrency for campaign contributions. Trump also shared with the group that President Joe Biden “doesn’t even know” what crypto is. Trump Champions Cryptocurrency at NFT Collection Gala At former U.S. […]
Representative Derek Kilmer will chair the Artificial Intelligence Working Group, which is aimed at introducing “sensible, bipartisan” policies for AI technology.
Democrats from the United States House of Representatives have formed a working group on artificial intelligence aimed at introducing new legislation around the nascent tech sector.
The 97-member New Democrat Coalition announced its AI working group on Aug. 15, stating it would work with President Joe Biden’s administration, stakeholders and lawmakers from both sides of the political arena to develop “sensible, bipartisan policies to address this emerging technology.”
The group will focus on a range of issues including how best to leverage AI for growth while still ensuring that workers who stand to lose their jobs as a result of AI can remain employed.
Artificial Intelligence is the biggest technological threat we've faced since the invention of the atomic bomb.
— Rep. Seth Moulton (@RepMoulton) August 15, 2023
I am proud to be a part of the @NewDemCoalition's AI Working Group to assess the dangers and opportunities posed by AI and develop a framework to regulate it. https://t.co/99hGdHgb7x
Representative Derek Kilmer will serve as chair of the AI working group and told CNBC the primary focus of the working group was to crack down on the spread of misinformation and aired concerns on advanced AI-generated deepfakes becoming increasingly prevalent online.
“There’s real concern about the potential for AI generated disinformation, real concern about misuse of advanced AI models.”
“That’s the type of thing that requires Congress to get smart and get smart fast,” Kilmer added.
Artificial intelligence is the next great frontier of technological advancement.
— Rep. Derek Kilmer (@RepDerekKilmer) August 15, 2023
And we’re already seeing how breakthroughs in this emerging technology present both great opportunities and challenges with potential disruptions for workers, democracy, and national security. https://t.co/hflVef6k9Y
Related: Pentagon forms ‘Task Force Lima’ to map generative AI for US defense
Lawmakers, academics and top tech CEOs have all signaled the need to reign in on the potential dangers raised by AI.
In May, Vice President Kamala Harris, along with Biden’s top advisers, held a meeting with several AI industry CEOs to discuss concerns about the risks associated with AI.
In June, President Biden held a meeting with experts in AI in Silicon Valley to discuss a similar subject.
AI Eye: Is AI a nuke-level threat? Why AI fields all advance at once, dumb pic puns
Additional reporting by Felix Ng.
Billionaire David Rubenstein says that Bitcoin (BTC) isn’t going anywhere now due to a wave of massive interest in the king crypto spread around the globe. In a new interview with Bloomberg, the legendary investor and co-founder of financial services titan Carlyle Group says that interest in BTC and other prominent crypto assets is ramping […]
The post Billionaire David Rubenstein Says Bitcoin Here To Stay As ‘Enormous Interest’ Spreads Around the World appeared first on The Daily Hodl.
The head of the largest US-based crypto exchange by trading volume is meeting with politicians to discuss an agenda for crypto. According to a new Bloomberg report, Coinbase CEO Brian Armstrong is meeting with House Democrats to discuss crypto as it relates to national security, climate and tax. Armstrong will in private on Wednesday with the […]
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Cameron and Tyler Winklevoss are predicting that Democrats will lose voters in upcoming elections due to their anti-crypto agenda. The Gemini co-founders took to Twitter to tell their combined 1.7 million followers that the “war on crypto” will cost the Democrats the 2024 US presidential election. Says Tyler, “[Roe v. Wade] cost Republicans the mid-terms. The […]
The post Winklevoss Twins Say Democrats Will Face Blowback From Voters After Anti-Crypto Stance appeared first on The Daily Hodl.
Young people have been shown to be the biggest crypto adopters that also largely voted for the Democrats in the last election.
United States President Joe Biden and the Democratic Party risk losing its crucial youth voters as a result of their continued “war against crypto," according to the Winklevoss twins.
On June 10, the co-founder of the crypto exchange Gemini, Cameron Winklevoss, tweeted the Democrats will “alienate an entire generation” of crucial youth voters due to their anti-crypto stance.
The @SenWarren and @GaryGensler war against crypto is going to alienate an entire generation of would-be Democrats.
— Cameron Winklevoss (@cameron) June 10, 2023
Winning the youth vote w/ "get out the vote" is key part of Dem playbook.
Dems believe the youth vote will carry the day. pic.twitter.com/F4FQowjCVn
Cameron singled out Senator Elizabeth Warren and President Biden-nominated Securities and Exchange Commission Chair Gary Gensler in particular.
A day later, on June 11, Gemini’s other co-founder and Cameron’s twin brother, Tyler Winklevoss, followed up with his own tweet, claiming thaWarren and Gensler’s “war” would see Democrats lose the 2024 election.
Roe cost Republicans the mid-terms. The @SenWarren and @GaryGensler war on crypto will cost Dems the 2024 election.
— Tyler Winklevoss (@tyler) June 11, 2023
Gensler’s tenure at the SEC has seen an increase in enforcement actions against the crypto space, while Senator Warren has shared indications of building an “anti-crypto army.”
On Nov. 5, 2024, a presidential election together with elections for the House of Representatives and the Senate will be held in the U.S. All 435 seats in the House are up for grabs along with 34 out of 100 spots in the Senate.
Youth voters — aged 18 to 29 — are a major voting bloc for the Democrats. Data from the U.S. 2022 midterm elections show 63% of surveyed youth voted for the Democrats, compared to 35% for Republicans.
The same age cohort is also the largest demographic of crypto users or investors, with 28% of Americans aged 18 to 29 years old saying — at some point — that they have used or invested in crypto, according to an April report by Pew Research.
Related: 'Near impossible to know' what is and isn't a security: Mark Cuban on SEC
What’s unclear, however, is the importance of crypto policy to young voters, relative to other issues.
In a Pew survey on policy priorities conducted in January — before the banking crisis in March — the top issue was strengthening the economy which for those aged 18 to 29 came second to improving education.
Cryptocurrency regulation didn’t make the list of the top 21 policy items as surveyed by Pew.
Regardless, some presidential nominees from both sides of the political aisle have made their stances on crypto policy clear, such as Republican hopeful Ron DeSantis and Democratic hopeful Robert F. Kennedy Jr., who have signaled pro-crypto stances.
Cameron and Tyler Winklevoss have contributed to campaigns for both Republican and Democratic nominees, according to data from the lobbying tracking site OpenSecrets.
Magazine: Crypto regulation — Does SEC Chair Gary Gensler have the final say?
BitMEX founder Arthur Hayes says that the macro environment is starting to look favorable for Bitcoin (BTC). In a new interview on the “What Bitcoin Did” podcast, the crypto veteran says that the government will do what it usually does during a debt deadline crisis, which is wait until the last moment and before raising […]
The post Arthur Hayes Says Explosive Times Ahead for Bitcoin and Financial Markets as US Debt Deadline Approaches appeared first on The Daily Hodl.
On Wednesday, Marjorie Taylor Greene (MTG), a Republican member of the U.S. House of Representatives, shared an article about the Federal Reserve’s Fednow project and criticized the central bank’s digital currency efforts. The representative from Georgia insisted that the U.S. should return to the “gold standard” and said she’s taking a “hard pass” on digital […]
Elizabeth Warren, the Democratic senator from Massachusetts, has recently launched a political campaign against cryptocurrencies as she seeks a third term in office in 2024. In a recent interview on “Meet the Press Reports” with NBC’s Chuck Todd, Warren likened buying bitcoin to “buying air.” Despite her stated distrust of banks, Warren told the show […]