TL:DR Breakdown
- Kamala Harris reportedly called Bitcoin “money for criminals.”
- David Bailey accuses Harris of anti-crypto actions.
- Harris’s public stance on cryptocurrency remains unclear.
Expectations for Vice President Kamala Harris’s supportive stance on cryptocurrency have waned as her campaign advances.
A Hostile Approach to Crypto
As President Joe Biden transitions leadership to Kamala Harris, his administration’s critical view on cryptocurrency might continue. According to Bitcoin Magazine CEO David Bailey, Kamala has allegedly described Bitcoin as ‘money for criminals’ in private conversations.
David Bailey’s Accusations
Bailey has criticized Harris for allegedly undermining the crypto industry over the last four years. He claims she, along with SEC Chair Gary Gensler and Senator Elizabeth Warren, has pushed anti-crypto measures like Operation Choke Point. Bailey argues that the Biden administration’s actions, such as imprisoning developers and pushing the industry abroad, make it impossible for Harris to genuinely support Bitcoin now.
Public Controversy and Reactions
Bailey’s allegations have ignited controversy. Hayden Adams, CEO of Uniswap Labs, pointed out that Harris has never publicly discussed or voted on any crypto-related legislation, urging caution against jumping to conclusions without concrete evidence.
Political Support and Endorsements
Harris is currently the presumptive Democratic nominee for the 2024 presidential election. After President Biden announced he would not seek re-election, he endorsed Harris as his successor. She has garnered significant support from prominent Democratic figures, including Bill and Hillary Clinton, and Elizabeth Warren, who have all publicly endorsed her candidacy.
Engagement with the Crypto Community
Recently, Bailey mentioned that Harris’s campaign had engaged with his team to discuss her potential participation in the Bitcoin Conference, the world’s largest Bitcoin event hosted by Bitcoin Inc. Additionally, her campaign reached out to billionaire Mark Cuban for insights on cryptocurrency. However, Bailey later confirmed that Harris would not be speaking at the Bitcoin Conference 2024, attributing her absence to ongoing tensions between the current administration and the crypto community regarding regulatory policies.
Harris’s Public Statements on Crypto
Despite these developments, Harris has not made any significant public statements about cryptocurrency or Bitcoin throughout her political career. This lack of commentary makes it challenging to ascertain her precise views on the subject.
Republican Stance on Crypto
In contrast, Republican nominee Donald Trump has openly supported cryptocurrency. Trump has actively engaged with the crypto community and is scheduled to attend the Bitcoin Conference in Nashville this week. Other notable attendees include Cathie Wood, Robert F. Kennedy Jr., and Michael Saylor. This event marks one of Trump’s public appearances following an assassination attempt in Pennsylvania.
Personal Note From MEXC Team
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