The Democrats have to accept cryptocurrencies to secure America's financial future

As a lifelong democrat and former governor of Virginia, I always believed that our party should take part in growth, innovation and economic opportunities. Therefore, it worries me that too many democrats are on the edge of the field or that one of the most transformative financial innovations of our time stands in the way: blockchain and cryptocurrencies.

Blockchain and cryptocurrencies are already driving the creation of jobs across the country, from data centers and fintech startups to cyber security companies and developers who work on decentralized infrastructure. This technology means more jobs, higher wages and more money in the pockets of people, especially in communities that have been left behind by the traditional financial system.

The numbers don't lie. The voters overwhelmingly support the integration of cryptocurrencies into the American financial system. More than Two thirds of the Americans believe Clarer rules and regulations should apply to the crypto industry instead of leaving them largely unregulated, according to several industry -leading opinion polls.

And Two thirds believe The current global financial system prefers powerful interests and not them. The Democrats must understand that voters want an alternative to the current financial system that the urgently needed economic freedom offers them. This is a profitable message for the middle class.

These numbers reflect a clear mandate for action. Nevertheless, the leadership of our party has often met the crypto area with skepticism or open rejection, which creates a partisan split in the event of an innovation that should overcome political limits.

This false adjustment became painfully obvious during the recent elections when the Republicans, including Donald Trump, accepted cryptocurrencies, while the Democrats gave the impression that the technological change that redesigned our economy. We cannot afford to give up this terrain, especially since crypto and blockchain offer solutions for many of the economic challenges that we have been trying to tackle for a long time.

The Democratic Party has always campaigned for the expansion of economic opportunities and that working people are not exploited by powerful financial institutions. As a lifelong entrepreneur and former governor of Virginia, I saw how the acceptance of innovations can open doors, companies and families in all areas of our economy. Cryptocurrencies and blockchain technology are no exception-they offer real tools to increase financial inclusion, expand access and create well-paid jobs.

This is not just theory, but corresponds to what the voters tell us. Communities with a migration background and younger Americans, especially young men, see real opportunities for economic self -empowerment in cryptocurrencies. These are central groups of voters of the Democratic Party, and they will be crucial to regain the political map in 2028 and beyond. If we want to stay the party, we have to take the lead with forward -looking regulation – and not block progress.

Innovation in the field of cryptocurrencies means financial services for communities that are traditionally under -supplied by conventional banking systems and offers faster, cheaper transactions and broader access to capital. In particular for minority communities that have historically experienced discrimination in traditional banks, Krypto represents a way to financial self -determination through self -custody and consumer selection. Small companies should not have to submit 3, 4 or 5 % of their profits to companies if transactions can be carried out at a fraction of the costs. Krypto will create a payment system that favors consumers and small companies anywhere.

Now we have a crucial opportunity to correct our course. The Genius Act, which is now waiting for treatment in the House of Representatives, offers a framework for intelligent, progressive regulation and positions America as a global pioneer in the field of stable coins.

Stable coins are crypto tokens covered by US dollars that are held at a bank and offer a cheaper and faster way to transfer dollars than the outdated Ach system. This legislation offers a balanced approach that promotes innovation, strengthens the US dollar and creates necessary guidelines.

The provisions of the Genius Act will tighten our financial system and eliminate costly fees that disproportionately pollute small companies and low-income Americans. It means that Americans can send money to their families abroad in milliseconds, and to break parts of a cent by using dollar-supported stable coins such as USDC on lightning-fast public blockchains such as Solana. This is exactly the type of future -oriented policy that the Democrats should support; It is about creating a more accessible, more efficient and fairer financial system for all Americans.

The current attitude of our party is not only not compatible with the innovation – it contradicts the voters we have to win. Overall, more and more Americans – especially younger voters and communities with a migration background – see cryptocurrencies as a way for financial opportunities and economic participation. These are the same voters who have long formed the backbone of the democratic coalition. If we continue to treat this technology with skepticism instead of looking for it, we risk losing exactly the people for whom we should actually fight – not only in the next election, but for many years beyond.

The future path is clear. The Democrats in the House of Representatives have to support cryptor regulation that brings innovation with consumer protection to harmony. The Genius Act offers this framework for stable coins and offers the opportunity to demonstrate our commitment to fairness and financial inclusion.

It is not just about winning elections – although this is important – but to ensure that America leads the next generation of innovation and creates a platform on which Americans can shape their own financial future. At the beginning of the Internet age, the United States conducted the way with innovation-friendly regulation, which is why today we are home to almost every important player in the online industry. Today, other nations quickly take the initiative to establish themselves as crypto centers. We can either help shape this future or allow the next Silicon Valley to be created abroad.

This is a moment of decision for the Democrats. We can continue our current path of skepticism and resistance, or we can accept the transforming potential of cryptocurrency and at the same time ensure that it develops in accordance with our values of fairness, inclusion and innovation.

The time has come that the Democrats take the lead in cryptopolitics. The future of our party and America's competitiveness in the global financial system – could depend on it.