California Democrats are reassessing their initially cautious stance on cryptocurrency, concerned about Republican incursions into the multibillion-dollar sector and its investors under the Trump administration.
Some state Democrats say their party has lost ground to the GOP on this issue given President Donald Trump’s courtship of the sector, his family diving into the digital assets business and his administration appointing a crypto czar. Trump worked with Congress to enact the GENIUS Act, the first major federal cryptocurrency law (BGOV Bill Analysis;
Meanwhile, California is…
