Cryptocurrency is one of Arizona’s fastest-growing economic sectors and a key hedge against government overreach and financial control. Arizona’s next Senator must work closely with cryptocurrency investors, miners, and exchanges to develop a fair and open regulatory system that does not limit the dynamic growth of cryptocurrency markets, preserves transparency, protects investors, and maintains key protections against nascent but rapidly expanding global government efforts to control what products and services consumers are able to access.
Additionally, like many elements of the tech economy, cryptocurrency mining is energy-intensive, and one of the keys to crypto’s future is ensuring reliable, low-cost energy remains abundant in Arizona. That means pursuing an “all of the above” approach to energy, including gas, oil, renewables, and – especially here in Arizona with the Palo Verde facility – nuclear. We cannot allow our grid to become destabilized like California has through the overuse and hasty expansion of renewables that aren’t balanced by baseload energy generation.
By keeping costs down, ensuring privacy and security for investors, and building a robust but open framework to protect the cryptocurrency economy, we can ensure that Arizona will remain at the forefront of this tremendous opportunity for decades to come.
