An Open Letter to the Democratic Party on Stablecoins
Democratic leaders are urged to support stablecoin legislation like the GENIUS Act to appeal to younger, tech-savvy voters who distrust traditional banks. Stablecoins function like on-chain money market funds, offering near-zero fees, permissionless access, integration with U.S. Treasuries, and global financial inclusion. Advocates argue these benefits align with core Democratic values around consumer protection, antitrust, and equity.