Libertarian Party vice presidential candidate Mike ter Maat said digital asset policy could “play a secondary role” among political parties in the 2024 US elections.
On May 26, liberal delegates named Chase Oliver and Ter Maat president and vice president of the United States, making the country the third largest political party after the Democrats and Republicans. Many of the party’s values sometimes align with those of cryptocurrency holders, such as restricting regulations except to protect certain freedoms and adopting a free-market economic approach.
Speaking to Cointelegraph after his nomination, Ter Maat said he expected inflation and foreign policy issues would likely weigh on voters’ minds in November. However, cryptocurrency could still play a role in the presidential election. Democratic and Republican candidates appear to have ramped up their rhetoric on digital assets over the past month, as Congress considers cryptocurrency bills, regulators crack down on the companies and the U.S. Department of Justice initiates criminal proceedings against prominent figures in the sector.
“I think technology in general, more than cryptocurrencies, and finance in general, more than just cryptocurrencies, can play a bigger role,” Ter Matt said. “I would like to see cryptocurrencies get to the level where we have a national discussion, but I don’t know if I necessarily expect that.”
US President Joe Biden and Vice President Kamala Harris are expected to accept the Democratic nomination at the party’s national convention in August. Former President Donald Trump is expected to do the same at the Republican convention in July when he announced he would announce his vice presidential pick – even though he faces sentencing after being convicted on 34 counts of accusation just four days before the event began. . .
According to Ter Maat, he and Oliver did not find much “common ground” on digital asset policy with the party’s other candidates. It was Robert F. Kennedy Jr., who ran as an independent, running with a “different set of technological principles” than liberals. He added that Trump was a candidate “from whom we rarely see harsh statements that adequately support a nuanced issue.”
“I don’t necessarily see one party or the other getting ahead of the other on this set of issues enough to move things (in the election),” the liberal vice-presidential candidate said, adding that he and Oliver were essentially “nice”. “On their approach to digital assets:
“We both believe that the federal government does not need a new regulatory structure for this asset class and that the problems we have seen are because there are people in this world who steal other people’s resources.”
In May, the US House of Representatives passed a bill prohibiting the Federal Reserve from offering a central bank digital currency (CBDC) in the United States. Ter Maat has voiced his veto in the media over any bill that would give the Fed the power to introduce a digital dollar if elected.
“If the Fed or any other central bank gets into this (digital asset) business or even considers getting into it, that will create enough incentives for these organizations to create a regulatory framework that benefits their own currency or improves their future capacity.” “They will issue their own currency, to the point that it could prevent the development of other cryptocurrencies,” Ter Maat said. “That matters to me.”
about: Neither Joe Biden nor Donald Trump are champions of cryptocurrencies
The Libertarian Party won nearly 3% of the votes cast in the 2016 presidential election, behind Democrat Hillary Clinton and Republican Donald Trump. Even though all polls indicate that the Oliver/Ter Maat list is unlikely to win a state, the Liberals could take enough votes away from President Biden or Trump to influence the outcome of the US election.
Trump faces prison time after being convicted of a crime, although neither the conviction nor time behind bars will necessarily prevent him from running for president again. According to recent polls, many American voters are also reconsidering their vote for President Biden due to his support for Israel amid the war on Gaza.
review: Crypto Voters Have Already Disrupted the 2024 Elections – and It’s Set to Continue
