Crypto Advocates Round on Democrats Crypto Crash Message

In brief

• Crypto leaders rebuked Democrats after the party’s official X account posted “yikes” with a crypto crash graphic, calling it insensitive to investor losses across party lines.
• The backlash came as over $2.6B in positions were liquidated in 24 hours, with Bitcoin down 8% to $64,752.
• Executives and policy advocates warned that partisan mockery of market pain could hurt Democrats with crypto voters, as digital asset legislation advances before midterms.