New attack in politics: exploiting Bitcoin fears

A battle over Bitcoin is brewing in California's 45th congressional district
Illustration: Lazaro Gamio/Axios

An ugly Bitcoin battle is brewing in California's 45th Congressional District, where Democratic Party voters next month will choose their candidate to take on vulnerable GOP incumbent Mimi Walters.

Bottom line: The attack line doesn't hold water, but the crypto industry should watch the primary's outcome carefully. If exploiting Bitcoin fears proves to be a winning strategy, expect other politicians to follow.