- The senior campaign adviser for Kamala Harris has said that the Vice President will adopt pro-crypto policies.
- However, the crypto community has expressed its skepticism urging Harris to take a more firm position.
As a seasoned crypto investor with a decade-long journey through the digital asset wilderness, I find myself intrigued by the latest political maneuvers in the realm of cryptocurrencies. The recent statements from Kamala Harris’ camp hinting at pro-crypto policies have certainly piqued my interest. However, as someone who has weathered numerous market cycles and witnessed more than a few empty promises, I remain cautiously optimistic.
2020 U.S. Presidential campaigns are increasingly focusing on cryptocurrency as a key issue. Front-runners Donald Trump and Kamala Harris find themselves closely matched, both sides trying to win over supporters in the growing cryptocurrency community.
Trump has clearly expressed support for cryptocurrencies, while U.S. Vice President Harris’s position on cryptocurrency matters remains undeclared in public.
However, the tides seem to be shifting with Harris now seemingly leaning towards embracing crypto.
Harris seeks crypto votes
1. After a change in the latest polls, Harris finds herself in a tight spot as she needs to win over crypto supporters towards her cause. In the past week alone, Trump has managed to narrow down an initial 10% difference on Polymarket and is now ahead with 53% of votes going his way.
Harris’ top campaign advisor, Brian Nelson, announced that the Vice President plans to back policies that promote the expansion of innovative sectors.
“She intends to back policies that allow the ongoing expansion of emerging technologies and related industries.”
During the Democratic National Convention, Nelson emphasized to Bloomberg that the Vice President would work towards establishing much-needed regulations within the cryptocurrency sector.
Although some comments have been made recently, the Democratic Party has not adopted cryptocurrency as of now. In truth, the platform of the Democratic Party, which was published this week, does not contain any references to cryptocurrency at all.
As a crypto investor, I find it striking how different my perspective is compared to the Republican Party’s stance. Instead of promising to defend the freedom to mine Bitcoin and ensure self-custody rights for all Americans, I prefer to focus on the decentralized, empowering nature of this technology, which enables individuals like myself to take control of our digital assets.
The community is not convinced
The crypto community remains unconvinced about Harris’ plans to support the US crypto industry.
Charles Hoskinson, creator of Cardano, pointed out that the remarks made by an aide of Harris lacked any concrete policy or plan. In his view, Harris should clearly define his stance on the matter.
Fox News reporter, Eleanor Terrett also pointed out that Harris’ aide tiptoed on the crypto issue during the Bloomberg roundtable.
“She mentioned that he might not have used the specific terms ‘crypto’ or ‘digital assets’, instead opting for ‘that kind of industry’.”
In his view, actions truly demonstrate one’s intentions more powerfully than spoken words. (In this case, “actions” refers to deeds or behavior, and “words” means statements or promises.)
In an X post, he noted the current administration, which Harris is a part of, has focused solely on regulation and not embracing innovation.
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2024-08-22 16:08