Republicans need to become the party of cryptocurrency

Published July 6, 2021 6:33pm ET



Cryptocurrency is a young person’s game. Half of all U.S. millennial millionaires have at least a quarter of their wealth tied up in cryptocurrency — and my fellow zoomers appear to be even more interested in the world of decentralized finance. As Republicans struggle with an increasingly important youth voting bloc, embracing cryptocurrency could provide a path to electoral salvation.

Voters respond to financial incentives. We saw the power of the $2,000 stimulus checks promised during the pivotal runoff elections in Georgia last year. Democrats staking the unconditional cash payment on the election of their party’s nominees may have been what allowed them to eke out slim victories in the state. Why not replicate this, admittedly effective, strategy on a national scale? If Republicans want to shift the electorate in their favor, they must at least ostensibly support cryptocurrency.

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