According to (Forbis) reports, U.S. Democratic Representative Ro Khanna recently stated in an interview with (Unchained) that the United States should establish a strategic reserve of Bitcoin. This proposal has received cross-party support from Republicans and Democrats. The proposal for a Bitcoin strategic reserve was first promoted by Senator Cynthia Lummis. Its goal is to purchase 1 million Bitcoins (equivalent to the gold reserves of the United States) through funds from the Federal Reserve and the Treasury, making the United States the largest in the world. Bitcoin holders countries.
Bitcoin’s Strategic Potential
Khanna further stated that the U.S. government should use those confiscated Bitcoins as strategic reserves, arguing that Bitcoin also has great potential to increase in value.
At the same meeting, Robert F. Kennedy Jr., who had previously withdrawn from the presidential election and supported Trump, also proposed the idea that the United States should purchase 5 million Bitcoins. This series of discussions also shows that as the presidential election approaches, both major parties in the United States have recognized the importance of cryptocurrency to the strategic economy.
Democrats push for “Crypto reset”
In addition to the strategic reserve proposal, Khanna also proposed the concept of "Crypto Reset", calling on top Democrats to adopt a more open attitude towards the cryptocurrency industry.
“You can’t be against Bitcoin or cryptocurrencies, otherwise it’s like saying ‘I’m against the iPhone’ or ‘I’m against the laptop’. Bitcoin is just a technology.”
It can be seen that Khanna believes that the concept of "technology" does not belong to a "position", so there is essentially no support or opposition attitude.
In addition to Khanna, the Democratic Party’s more powerful strategic reserve policy support comes from presidential candidate Kamala Harris. In a previous fundraising speech, Harris emphasized that she would support AI, digital assets and quantum computing. Innovate technology, create jobs, and protect consumers and investors; in a speech on September 26, Harris also mentioned that "the United States should become the leader in blockchain." These remarks also showed that the Democratic Party has no intention to support Bitcoin. The currency’s long-standing policy has gradually changed.
Image source: X/@adamscochran He Jinli mentioned that the United States should dominate the blockchain
Bipartisan consensus: Bitcoin matters!
Dennis Porter, CEO of the nonprofit Satoshi Action Fund, noted that as Bitcoin adoption matures, it is becoming less politically divisive.
"All political parties have reached a consensus on the importance of strategic reserve assets, first gold, then oil. Now, both sides have reached a consensus on Bitcoin."
Porter believes that the proposal of Bitcoin as a strategic reserve will receive more and more attention from all parties, because candidates’ strategies of supporting digital asset policies can attract more voters from different fields, thus improving the chances of campaign success.
In the past, Bitcoin has always been considered a speculative tool and has therefore been criticized by mainstream cultures from all sides. Now, the American political circles have recognized the most powerful influence of Bitcoin - the strategic value. Whether it is the Republican Party or the Democratic Party, both parties are facing this technological change and have to accept and promote it; and this seems to be It also signals that the era dominated by Bitcoin will eventually come.
