{"id":2792,"date":"2025-03-26T14:19:19","date_gmt":"2025-03-26T14:19:19","guid":{"rendered":"https:\/\/digkrypton.com\/index.php\/2025\/03\/26\/congressman-ro-khanna-says-democrats-are-changing-their-tune-on-bitcoin\/"},"modified":"2025-03-26T14:19:19","modified_gmt":"2025-03-26T14:19:19","slug":"congressman-ro-khanna-says-democrats-are-changing-their-tune-on-bitcoin","status":"publish","type":"post","link":"https:\/\/digkrypton.com\/index.php\/2025\/03\/26\/congressman-ro-khanna-says-democrats-are-changing-their-tune-on-bitcoin\/","title":{"rendered":"Congressman Ro Khanna Says Democrats Are Changing Their Tune On Bitcoin"},"content":{"rendered":"

Bitcoin Magazine<\/a><\/p>\n

Congressman Ro Khanna Says Democrats Are Changing Their Tune On Bitcoin<\/a><\/p>\n

<\/div>\n

On March 11, 2025, Rep. Ro Khanna gave a short but impactful talk at the Bitcoin Policy Institute\u2019s Bitcoin for America<\/a> summit.<\/p>\n

\u201cBitcoin is transformational for so many people around the world,\u201d Rep. Khanna stated at the summit. \u201cThat is why the Democratic Party should be embracing it as something that can create financial empowerment for people not just in the United States, but around the world.\u201d<\/p>\n

This is the type of message he\u2019s been spreading for years now, and he\u2019s urged his fellow Democrats to follow his lead. He\u2019s implored them to not be scared of Bitcoin but to view it just as they view other major technological advancements of our time, including the internet itself.<\/p>\n

\u201cMy goal is to make Bitcoin bipartisan,\u201d Rep. Khanna told Bitcoin Magazine. \u201cI want to convince Democrats that bitcoin is a next-generation store of value that millions of people around the world use and that America showing leadership on it allows us to connect with these people, often some of the most disenfranchised.\u201d<\/p>\n

For a party that often advocates for financial inclusion, it seems almost ironic that so many Democrats have looked past Bitcoin, an open-source technology that anyone can use with nothing more than an internet connection (and, in some cases, even without one<\/a>).<\/p>\n

With that said, Rep. Khanna made the point that, while he remains one of the few more vocal Democrats when it comes to being pro-Bitcoin, the number of Democratic politicians who have stated that they\u2019re in favor of the technology has increased substantially over the past few years.<\/p>\n

\u201cWe went from just 10 of us or so supporting Bitcoin and crypto to almost 70 or 80,\u201d said Rep. Khanna. \u201cIt\u2019s happening slowly.\u201d<\/p>\n

And while some have attributed to malice most Democrats\u2019 historical stance on Bitcoin, Rep. Khanna claims the issue is more a lack of understanding of the technology\u2019s purpose and use cases.<\/p>\n

\u201cSome Democratic politicians are not aware of how helpful Bitcoin can be with remittances or how it can be used by those who don\u2019t have access to U.S. dollars,\u201d said the congressman. \u201cMany people around the world use it for both reasons,\u201d he added, alluding to the idea that many, including some Democrats, might not be aware of this fact.<\/p>\n

The Bitcoin And Crypto Voting Bloc In U.S. Swing States<\/h2>\n

According to research from Coinbase<\/a>, in each of the swing states in the most recent U.S. presidential election, there were about 10 times the number of crypto holders compared to the vote differential between Biden and Trump in 2020.<\/p>\n

Harris lost to Trump in each of these swing states, leaving some to speculate that the turnout of the Bitcoin and crypto voting bloc may have been one of the primary forces that swayed the election in Trump\u2019s favor.<\/p>\n

While Rep. Khanna doesn\u2019t know to what extent this voting bloc impacted the election results, he agreed that it was likely one of many major factors that affected the outcome of the election.<\/p>\n

\u201cI think it made a difference,\u201d said the congressman. \u201cIn such a close election, everything matters, and the fact that there were some Democrats who offended Bitcoin and crypto voters was not helpful.\u201d<\/p>\n

And Rep. Khanna is not alone in acknowledging this.<\/p>\n

In December 2024, at the New York Times<\/em> DealBook Summit, Van Jones \u2014 political analyst, media persona, and prominent voice within the Democratic party \u2014 stated<\/a> that it was to the Democratic party\u2019s detriment that it shut out pro-Bitcoin and pro-crypto voters.<\/p>\n

Rep. Khanna sang Jones\u2019 praises and said that we should be hearing more voices like Jones\u2019 within the Democratic party speaking up in favor of Bitcoin in the near future.<\/p>\n

\u201cI have a lot of respect for Van Jones,\u201d said Rep. Khanna.<\/p>\n

\u201cHe spent some time in the Bay Area, so he gets technology. The party will be moving in a direction that\u2019s going to embrace Bitcoin and other technologies,\u201d he added.<\/p>\n

Will President Trump\u2019s Embrace Of Bitcoin Deter Democrats From Supporting It?<\/h2>\n

While it only seems logical that the Democratic party would reverse its stance on Bitcoin if it\u2019s looking to pick up seats on the House and Senate come the 2026 midterm elections, it simultaneously seems difficult to imagine more Democrats coming out in support of Bitcoin given the highly partisan political climate in the U.S. coupled with the fact that President Trump is an ardent Bitcoin supporter<\/a>.<\/p>\n

Rep. Khanna argued that Democrats shouldn\u2019t be thinking along party lines when it comes to Bitcoin, but rather assessing the technology based solely on what it is.<\/p>\n

\u201cPoliticians are capable of evaluating Bitcoin on its merits,\u201d said Rep. Khanna.\u00a0<\/p>\n

\u201cBitcoin is just a decentralized digital currency that enables peer-to-peer transactions without a need for an intermediary. People just need to study Bitcoin and learn that it\u2019s just a medium of exchange,\u201d he added.<\/p>\n

Rep. Khanna also took a moment to differentiate between Bitcoin and meme coins, highlighting the fact that the president\u2019s recently released coin ($TRUMP) creates much confusion regarding the value proposition of crypto assets, including bitcoin.<\/p>\n

\u201cWe shouldn\u2019t have elected officials like President Trump launching meme coins,\u201d said the congressman.\u00a0<\/p>\n

Getting Democrats on the Right Side of History<\/h2>\n

At a time when many U.S. citizens are struggling to make ends meet, should Bitcoin be a front-and-center issue for Democrats, once widely regarded as the political party of the middle and working class?<\/p>\n

Rep. Khanna doesn\u2019t necessarily think so, but he also doesn\u2019t think the party should continue to pooh-pooh the technology.<\/p>\n

\u201cThere are far bigger issues at hand right now like the cuts in Medicaid, the firing of veterans, and the erratic policy of tariffs,\u201d the congressman explained.<\/p>\n

\u201cBut the Democrats were on the wrong side of issues of innovation and Bitcoin in 2022 and 2024, and we now have an opportunity to get on the right side of it,\u201d he added.<\/p>\n

So, how can pro-Bitcoin Democrat voters help to get their party on the right side of history when it comes to Bitcoin?<\/p>\n

Rep. Khanna had a few suggestions:<\/p>\n

\u201cThey should point to those of us who are leading on Bitcoin and crypto,\u201d he said.<\/p>\n

\u201cThey can encourage members of government to study the issue, so that they\u2019re not uninformed,\u201d he added.\u00a0<\/p>\n

\u201cAnd they should talk about the enormous adoption of Bitcoin.\u201d<\/p>\n

This post Congressman Ro Khanna Says Democrats Are Changing Their Tune On Bitcoin<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Frank Corva<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine Congressman Ro Khanna Says Democrats Are Changing Their Tune On Bitcoin On March 11, 2025, Rep. Ro Khanna gave a short but impactful talk at the Bitcoin Policy Institute\u2019s Bitcoin for America summit. \u201cBitcoin is transformational for so many people around the world,\u201d Rep. Khanna stated at the summit. \u201cThat is why the […]<\/p>\n","protected":false},"author":0,"featured_media":2793,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-2792","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin"},"acf":[],"_links":{"self":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/2792","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/comments?post=2792"}],"version-history":[{"count":0,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/2792\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media\/2793"}],"wp:attachment":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media?parent=2792"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/categories?post=2792"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/tags?post=2792"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}