Congressman Ro Khanna Urges Democrats to Embrace Bitcoin for Global Financial Empowerment

March 26, 2025
Congressman Ro Khanna Urges Democrats to Embrace Bitcoin for Global Financial Empowerment
  • He attributed the historical hesitance of Democrats towards Bitcoin to a lack of understanding of its benefits, such as facilitating remittances and providing access to those without U.S. dollars.

  • Khanna clarified the distinction between Bitcoin and meme coins, criticizing the launch of President Trump’s meme coin for causing confusion regarding the value of cryptocurrencies.

  • Prominent Democratic figures, including Van Jones, have recognized the necessity for the party to engage with pro-Bitcoin voters, a sentiment that Khanna strongly supports.

  • He aims to make Bitcoin a bipartisan issue, highlighting its role as a next-generation store of value utilized by millions worldwide, especially among the disenfranchised.

  • Despite former President Trump's support for Bitcoin, Khanna believes that Democrats should evaluate Bitcoin based on its own merits, independent of party affiliations.

  • While Khanna does not see Bitcoin as the primary focus for the Democratic Party amidst pressing issues like Medicaid cuts, he insists that the party should not overlook its potential.

  • Khanna emphasized that Bitcoin is a transformational technology akin to the internet, urging Democrats to adopt a positive perspective rather than a fearful one.

  • Khanna noted a significant rise in Democratic support for Bitcoin, increasing from about 10 to approximately 70 or 80 politicians in recent years.

  • He encouraged pro-Bitcoin Democrats to advocate for informed discussions about Bitcoin and to emphasize its growing adoption.

  • On March 11, 2025, Congressman Ro Khanna addressed the Bitcoin Policy Institute’s Bitcoin for America summit, advocating for the Democratic Party to embrace Bitcoin as a tool for global financial empowerment.

  • Research from Coinbase revealed that in swing states during the 2020 presidential election, the number of crypto holders was ten times the vote differential between Biden and Trump, indicating that crypto voters may have influenced the election outcome.

  • Khanna acknowledged that the Democratic Party's previous dismissive stance towards Bitcoin may have hindered their appeal to this important voting bloc.

Summary based on 1 source


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