The America Loves Crypto tour concluded with a bang in Washington, D.C. yesterday, drawing a maximum capacity crowd at the Black Cat music venue. The event featured prominent speakers such as Coinbase CEO Brian Armstrong, ConSensys CEO Joseph Lubin, and Congressman Wiley Nickel (D-NC), who all emphasized the importance of bipartisan support for cryptocurrency in America.
The speakers highlighted the need to foster cryptocurrency innovation in the country, with Congressman Nickel pointing out that 20% of American adults own some form of cryptocurrency, making them a significant voting block that could sway elections. Nickel stressed the importance of approaching cryptocurrency regulation in a bipartisan manner to avoid politicizing the issue and potentially hindering progress for years to come.
The event also shed light on the changing attitudes towards cryptocurrency within the Democratic Party, with Armstrong noting the shift in perception over the years. Despite this progress, some attendees, including a financial institution executive who chose to remain anonymous, expressed concerns about what they see as a lack of commitment from the Biden administration in supporting the crypto industry.
The America Loves Crypto tour aimed to address the stigma surrounding cryptocurrency through a combination of live music and community building. The Chainsmokers, known for hits like “Closer” and “Don’t Let Me Down,” closed out the event with a memorable performance, including a controversial shoutout aimed at SEC Chairman Gary Gensler.
With stops in several key states leading up to the 2024 election, the tour has sparked hope among Stand With Crypto advocates that their collective voice can make a significant impact in shaping the future of cryptocurrency regulation in America.
