- Digital Chamber urges VP Harris to support digital assets if she becomes the 2024 Democratic nominee.
- President Biden endorses Harris, sparking interest in her crypto stance amid his 2024 race withdrawal.
- The Chamber’s letter recommends pro-crypto policies and improved communication with industry leaders.
The Digital Chamber of Commerce recently sent an open letter to Vice President Kamala Harris, pushing her to take a more favorable stance on cryptocurrency.
— Eleanor Terrett (@EleanorTerrett) July 22, 2024
SCOOP: Crypto trade association @DigitalChamber has penned a letter to @VP Harris urging her to take a forward-looking approach to digital assets. The letter calls on her to include pro-crypto language in the Dem party platform, choose a crypto-friendly running mate and start… pic.twitter.com/5ldQxtQVBK
SCOOP: Crypto trade association The letter, dated July 22, points out the necessity of the Democratic Party embracing digital assets, especially if Harris is nominated for president in 2024.
The Digital Chamber provided three critical recommendations for Harris’ likely campaign. First, it recommends implementing support for digital assets into the Democratic Party’s platform. Second, the letter calls on for a vice presidential candidate who understands digital asset policy.
Finally, the Chamber encouraged for clear lines of communication between the campaign and industry leaders. The discussion would improve understanding and cooperation between policymakers and the digital asset community.
The letter is in reaction to a recent communication that was made by President Joe Biden on July 21 through his social media account. In the post, Biden announced his decision to withdraw from the 2024 presidential run.
Speculation on the 2024 election has been building up since President Biden backed Vice President Harris for the Democratic Party’s nomination. Although Harris has not yet secured the nomination, endorsements from key Democrats indicate that she is the leading contender.
The Biden administration has generally maintained a cautious stance toward cryptocurrency, as evidenced by the many lawsuits and enforcement actions that have been initiated under SEC Chair Gary Gensler. The sector has been affected by this backdrop, which has resulted in a situation of uncertainty regarding the potential future policies that may be implemented during a Harris presidency.
The Digital Chamber’s letter to Vice President Harris underlines the growing role of digital currencies in politics. As the 2024 election approaches, industry stakeholders are closely watching Harris’s position on cryptocurrencies and her influence in the future of digital assets in the United States.
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