Tulsi Gabbard is well known in crypto circles after declaring her crypto holdings just before the 2018 American midterm elections. She bought crypto at the peak of the December 2017 highs, but is now holding on for dear life hoping that the crypto markets recover. Gabbard – a Democratic representative from Hawaii – has announced that she will be running for president in the 2020 elections, gaining the support of crypto fans across the United States. Crypto and blockchain are going to play a huge part in the 2020 elections, and Gabbard is hoping to cash in on this wave of support.
Taking the Fight to the Banks
US President Trump has put the government on shutdown until he gets his $5 billion in funding for his wall. This meant that 800,000 US government workers didn’t receive a paycheck this week, and will continue to go without money until Trump resumes the government. Banks have been supporting Trump’s move, but Gabbard is appalled by their behavior. Gabbard recently Tweeted her disdain for the power banks have over the world and believes crypto could be a solution.
While 800,000 Americans wait and work without pay, the administration bows to mortgage industry lobbyists. The blatant corruption and greed of an administration who puts banks above people is the root cause of our broken system. https://t.co/YHl5d2J9PA
— Tulsi Gabbard (@TulsiGabbard) January 12, 2019
Big Midterm Wins for Crypto
During the 2018 midterm elections in the US, crypto-friendly candidates won more seats than they lost. Colorado and California saw two crypto-friendly governors take up seats in their states and various other pro-crypto senators won seats in Congress. If these huge wins for crypto are anything to go by, the 2020 elections will heavily involve the crypto community. We could see candidates declaring their stance towards crypto and blockchain very early on – and these declarations could be make or break for the candidates.
Changes for America
It looks ever more likely that crypto and blockchain related bills will be passed in the Senate and soon become law in America. The blockchain caucus is growing in numbers with every passing week, and it’s mounting pressure on the system to change. Senators have already called for the US Securities and Exchange Commission (SEC) to change the way it views crypto. If 2020 is a successful year for pro-crypto candidates, the SEC could have no choice but to fall in line and accept cryptos as a new asset class.
While Tulsi Gabbard has a huge battle ahead of her to become the first female president of the United States, with a pro-crypto platform she will draw an army of new voters to her cause. Along with Andrew Yang, Gabbard is looking to make 2020 the year of crypto in America – we wish her the very best of luck!