As cryptocurrency shapes the U.S. presidential race, Harris must reconsider her stance to avoid losing ground.
- 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 cryptocurrency gains momentum and becomes a pivotal factor in the U.S. presidential race, it’s time for Vice President Kamala Harris to reassess her stance on the issue.
Kamala Harris’ crypto position
While former President Donald Trump has embraced crypto with enthusiasm—championing crypto donations, suggesting a strategic Bitcoin [BTC] reserve for the U.S. and making notable appearances at crypto events—Harris has yet to engage with the crypto community.
This growing disconnect highlights the need for Harris to reconsider her position and appeal to the increasingly influential crypto sector.
Stressing on the same, Rep. Wiley Nickel led the push at the Bitcoin Conference and wrote an open letter, discussing its impact on Harris’s position and said,
“I don’t want to jump ahead of Vice President Harris, but I think we’re going to see some good policy positions that come out and let folks know that she’s looking for a reset on the issue.”
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,
Source: Brad Garlinghouse/X
Rep. Nickel against Trump?
Nickel further acknowledged that the Biden administration previously did not engage with cryptocurrency leaders, but he also assured that recent efforts are underway to rectify this.
“The Biden administration didn’t do meetings with leaders in the space. We asked for those meetings, they’re already happening right now at the staff level.”
Well, Nickel didn’t just commend the Democratic Party’s shift towards a pro-crypto stance; he also criticized Trump’s recent embrace of cryptocurrency, dismissing it as a calculated election strategy aimed at securing votes.
“Donald Trump did nothing for four years as president, he doesn’t understand the issues at all,”
While appreciating Trump’s decision to prevent the United States from selling its Bitcoin holdings, he further added,
“But you know, he’s someone who’s just trying to stay out of jail. I think he’ll say anything and do anything and I don’t think that commitment is especially real.”
Nickel also takes aim at Chair Gensler
He also took the opportunity to criticize Chair Gary Gensler’s approach, arguing that the SEC had exceeded its authority in handling the issue.
“He’s way out of his lane.”
While some in the crypto industry are urging Vice President Harris to remove Chair Gensler, Rep. Nickel doubts it will happen.
“I mean, I think that’s unlikely.”
Thus, with the election just 93 days away, it will be intriguing to see whether Harris shifts her stance on crypto or if Trump continues to gain momentum with support from crypto voters.
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