- Pro-crypto Democrats urged Harris to reconsider her anti-crypto stance as Trump’s support grew.
- Rep. Wiley Nickel criticized Trump’s crypto approach, doubting SEC Chair Gensler’s removal.
As a seasoned crypto investor who has weathered multiple market cycles and witnessed the evolution of blockchain technology, I find it encouraging to see the political discourse shifting towards embracing cryptocurrencies. The recent push by Pro-crypto Democrats for Vice President Kamala Harris to reconsider her anti-crypto stance is a step in the right direction.
With cryptocurrencies picking up speed and playing an increasingly significant role in the U.S. presidential election, it’s high time for Vice President Kamala Harris to reconsider her views on this matter.
Kamala Harris’ crypto position
As a researcher examining the intersection of politics and cryptocurrency, I’ve observed an intriguing contrast. While former President Donald Trump has wholeheartedly endorsed cryptocurrencies – advocating for crypto donations, proposing a strategic Bitcoin reserve for the U.S., and frequently gracing crypto events with his presence – Vice President Kamala Harris, to this point, has not yet actively engaged with the crypto community.
As a researcher observing this expanding gap, I find myself compelled to suggest that Harris reevaluates her stance and extends an appealing gesture towards the burgeoning crypto community, whose influence continues to escalate.
Representative Wiley Nickel took a prominent role during the Bitcoin Conference, where he penned an open letter emphasizing the potential influence of Bitcoin on Harris’s stance, as expressed in his speech.
“I’d like to avoid seeming presumptuous about Vice President Harris, but I believe she will present some positive policy stances soon, signaling a fresh approach on the matter at hand.”
Here, he highlighted that embracing cryptocurrency and Web3 innovation is crucial to maintaining the U.S.’s leadership in these emerging technologies.
Reiterating the same, CEO of Ripple Brad Garlinghosue said,
Rep. Nickel against Trump?
Nickel confirmed that the Biden administration had not interacted much with crypto industry leaders in the past, yet emphasized that current initiatives are being undertaken to address this lack of engagement.
“Meetings with world leaders on space-related matters haven’t been held by the Biden administration directly. However, it appears that such discussions are currently taking place at a lower level within their teams.”
Indeed, Nickel didn’t merely praise the Democratic Party for adopting a pro-cryptocurrency position; he also voiced his critique towards Trump’s latest endorsement of cryptocurrencies, deeming it a tactical move intended to sway voters during the election.
“Donald Trump did nothing for four years as president, he doesn’t understand the issues at all,”
Expressing approval for Trump’s choice not to sell off the U.S.’s Bitcoin assets, he also mentioned in addition… (or) Trump commended his own decision of keeping the U.S.’s Bitcoin assets intact, and went on to say…
“You realize, he’s primarily focused on avoiding legal trouble. I believe he’ll speak or act without much regard for truth, and his apparent dedication may not be sincere.”
Nickel also takes aim at Chair Gensler
Additionally, he seized the moment to voice his disapproval towards Chairman Gary Gensler’s methodology, stating that the Securities and Exchange Commission (SEC) may have overstepped its jurisdiction when addressing this particular matter.
“He’s way out of his lane.”
Some within the cryptocurrency sector are advocating for Vice President Harris to dismiss Chairman Gensler, but Representative Nickel expresses skepticism about this happening.
“I mean, I think that’s unlikely.”
In the next 93 days leading up to the election, it’s going to be fascinating to observe whether Kamala Harris adjusts her view on cryptocurrency or if Donald Trump maintains his popularity among crypto voters by securing their support.
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2024-08-07 07:07