Crypto’s Shocking Political Love Affair with Democrats!

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Hold on to your wallets, folks. While the Republican Party under President Trump is supposedly leading the crypto adoption revolution in the US (because of course), some crypto companies are busy trying to win over the Democrats. Yes, you read that right. A bipartisan strategy, because who doesn’t love playing both sides, right?

Now, the industry and the Democrats have their reasons to cozy up to each other. But don’t get too comfortable—Trump’s crypto scandal could totally ruin this party, like a bad first date.

The Need for Bipartisan Support is Critical (But Also Kind of Hilarious)

Crypto regulation is, like, the hottest gossip in the US right now, especially with President Trump acting like the crypto kingpin. Kamala Harris was all like, “meh” about it, but Trump? He’s all in. You know, because what says ‘I care’ like tweeting about blockchain.

But wait, some reports say crypto is getting a little too chummy with the Democrats. Hold on, Coinbase just hired Obama’s BFF and Kamala’s Senior Advisor, David Plouffe? Are we in 2025 or an alternate universe?

Of course, people were furious. Here’s a sample reaction:

“.@coinbase just hired David Plouffe @davidplouffe to work with Chris Lehane.

Just goes to show you that Coinbase has no interest in actually working with conservatives but instead they want to hire and work with the most radical Democrats and Trump haters.

David Plouffe was…”

— Laura Loomer (@LauraLoomer) June 12, 2025

And then there’s Ripple, still playing it cool with Trump but also registering a lobbyist from Lilette Advisors, founded by Biden’s former crew. Are you confused yet? Because same.

Here’s the thing: for the crypto folks, buddying up with Democrats is like making sure you have a Plan B when Plan A crashes and burns. If Trump’s ‘crypto revolution’ doesn’t pan out, they’ve got a nice little fallback.

“In the long run, Democrats are likely to take power back in at least one of these Chambers or the Presidency. So, if you made this industry explicitly partisan, you have a problem,” said Austin Campbell, who is apparently the grown-up in this situation.

But… why would Democrats want to be pals with crypto? Well, the failed GENIUS Act is a good example of how the crypto industry has slowly but surely wormed its way into Democratic hearts. Even though it didn’t pass, the pro-crypto Dems did a good job making it look like a bipartisan win.

Even Senator Kirsten Gillibrand, who has her crypto love affair, had to throw shade at Trump’s connections during her GENIUS speech. Like, really, you can’t just let that slide?

At the end of the day, crypto companies are banking on big political donations to secure those sweet Democrat votes, especially for the 2026 midterms. They might’ve spent more on Republicans, but guess who won critical seats? Yup, the pro-crypto Dems.

And just to add some extra spice to the mix, here’s a leaked Signal chat where Democratic insiders are like, “If we don’t back the crypto industry, we’re doomed. DOOMED, I tell you!”

“If Democrats bail on this [the GENIUS Act], they will get 0 dollars going forward. It would be political suicide for them not to support it,” Avichal Garg, a managing partner at Electric Capital, said. The Lever reported that strategists are all on the same page.

So yeah, Democrats need the crypto industry for cash, and crypto needs the Democrats for, well, survival. It’s basically a mutual back-scratching situation. Will it work out? Who knows! There are cracks in the coalition, and who doesn’t love a little political drama?

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2025-06-17 19:42