The Digital Chamber Presses Kamala Harris to take a Positive Approach to Crypto Ahead of Elections
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Article first posted on The Block, July 22, 2024, 3:33PM EDT.
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🎉Key Takeaways for those Invested in the Upcoming US Presidential Elections🎉
🩷 President Joe Biden announced on Sunday that he would not be seeking reelection in the upcoming 2024 presidential election and endorsed Harris to replace him as the Democratic Party's nominee. Democrats are set to select a presidential nominee at the Democratic National Convention next month in Chicago.
🩷 In a letter sent to the likely Democratic presidential nominee, the Digital Chamber asked Kamala Harris specifically to pick a vice president who has 'a proven track record of engaging with digital asset technology and proposing pro-innovation policies'.
🩷 As much as Crypto should be apolitical, Crypto has quickly become part of the election season landscape. The Republican Party expressed support for crypto firms and investors in its platform for the 2024 elections, including vowing to end an 'unlawful and un-American crackdown' on the U.S. crypto industry.
🩷 Some top Democratic lawmakers have voted for bills to regulate crypto over the past year, including Speaker of the House Rep. Nancy Pelosi of California, the Chamber noted in its letter. Harris has had an extensive political career in tech-focused San Francisco, though has not taken a firm stance on crypto. So she isn't specifically against Crypto, just netural, I'd say 😉
🩷 "However, there is a public perception that the Democratic party holds a negative viewpoint on digital assets, largely due to the Biden/Harris Administration's notably cautious and at times hostile approach to these transformative technologies," the Chamber said in its letter on Monday. "We believe this previous hostility does not reflect the progressive and inclusive values of your Party."
🩷 The Chamber asked Harris specifically to pick a vice president who has 'a proven track record of engaging with digital asset technology and proposing pro-innovation policies', singling out Colorado Gov. Jared Polis as an example. Polis has taken a friendly approach to crypto. He accepted campaign contributions in crypto and during his time as governor allowed for tax payments to be made in crypto, according to multiple news reports.
🩷 The Chamber also asked the vice president to include 'pro-digital asset language' in the Democratic party's platform, as well as have open discussions with crypto industry leaders.
🩷 "We are hopeful that with your leadership, the Democratic Party can pivot towards a more supportive stance on digital assets, aligning with the aspirations of millions of Americans who believe in the transformative power of this technology," the Chamber said.
🤯 For the Crypto fanatics, Harris or Trump?
🤠 Who would benefit the Crypto space more, if elected?
😎 What do you guys think?
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Here are some key takeaways from the news article regarding the Digital Chamber's request to Kamala Harris and the upcoming US Presidential elections:
President Joe Biden announced that he will not seek reelection in the upcoming 2024 presidential election and endorsed Kamala Harris as the Democratic Party's nominee.
The Digital Chamber sent a letter to Kamala Harris, urging her to choose a vice president who has a proven track record of engaging with digital asset technology and proposing pro-innovation policies.
The Chamber specifically mentioned Colorado Governor Jared Polis as an example of someone who has taken a friendly approach to crypto, accepting campaign contributions in crypto and allowing tax payments to be made in crypto.
The Chamber also requested that the Democratic party's platform include pro-digital asset language and that Harris engage in open discussions with crypto industry leaders.
The Chamber expressed hope that the Democratic Party can adopt a more supportive stance on digital assets, aligning with the aspirations of millions of Americans who believe in the transformative power of this technology.
Regarding the question of who would benefit the crypto space more if elected, it is important to note that the article does not provide a direct analysis or opinion on this matter. The impact of political leaders on the crypto space can vary and is influenced by various factors such as their policies, regulatory approach, and overall economic environment.
Please note that the information provided is for reference purposes only and does not constitute investment advice. Investing in cryptocurrencies involves risks, and it is important to conduct thorough research and consider your own risk tolerance before making any investment decisions.