Crypto-natives and Big Sean fans came together at the Lager House in Detroit for the third stop of the “America Loves Crypto” tour. The event aimed to promote crypto voting ahead of the 2024 elections, alongside live entertainment. Following previous events in Arizona and Nevada, this gathering highlighted the potential political influence of crypto holders.
Michigan’s Political Significance
Michigan is viewed as a critical swing state, with the Stand With Crypto Alliance believing that nearly 940,000 Bitcoin 
$98,342 and crypto owners could wield significant influence. Given that the 2020 elections were decided by a mere 156,000 votes in Michigan, the crypto voters are expected to play a pivotal role in the outcome of the 2024 elections. Local entrepreneurs and university blockchain clubs emphasized the need for digital asset holders to make their political voices heard.
Regulation and Entrepreneurs
Adam Zientarski, co-founder of Detroit Ledger Technologies, expressed that startups face challenges due to inconsistencies from the SEC. He stated that regulatory bodies need to adopt a more supportive approach to allow entrepreneurs to focus on growth. Former Michigan State Representative Ryan Berman also noted the importance of the government not hindering innovation.
Crypto Education and Youth
In Michigan, especially among university students and educational institutions, there is considerable interest in Bitcoin and crypto topics. Evan Solomon, president of the University of Michigan Blockchain Club, mentioned they receive strong support in this area. Solomon believes that clarifying regulations would further enhance the state’s talent pool.
Berman emphasized the importance of constitutional evaluations related to the crypto sector. He assessed the freedoms of crypto owners through constitutional clauses such as freedom of expression and privacy. He also noted the potential scrutiny faced by developers of open-source privacy tools.
The “America Loves Crypto” tour will continue this week with events in Milwaukee, Philadelphia, and Washington D.C. Participants can register to vote and prepare for Election Day at these events. The gatherings also allow attendees to connect with like-minded individuals. It is emphasized that encouraging innovation in the crypto space is vital for the state’s economy.
