Main Points:
- The Digital Chamber urges Kamala Harris to support digital assets.
- Over 50 million Americans own crypto.
- Biden’s anti-crypto stance criticized by the Digital Chamber.
Digital Chamber Urges Harris for Pro-Digital Assets Stance
The Digital Chamber, a prominent blockchain trade association, has called on U.S. Vice President Kamala Harris to adopt a forward-looking approach towards digital assets. The association recently sent a letter to Harris emphasizing the importance of supporting the digital asset industry as it holds significant potential for innovation, economic growth, and financial inclusion.
Support for Crypto Industry Essential
According to the letter addressed to Harris, embracing a crypto-friendly stance and garnering more support from the Democratic Party for the sector would provide reassurance to the 50 million+ Americans who are crypto holders. This shift is deemed crucial for the United States to take a leading position in the digital asset space, aligning with the aspirations of millions who believe in the transformative power of blockchain technology.
Digital Chamber Criticizes Biden’s Anti-Crypto Approach
Following U.S. President Joe Biden’s announcement of not seeking reelection, the cryptocurrency market experienced slight fluctuations before rallying, with Bitcoin surpassing $68,000. Biden’s administration has faced criticism from the crypto community due to its negative and at times hostile stance towards the sector. This negative sentiment is exemplified by the recent U.S. House vote overturning the president’s veto on the SAB 121 legislation, reflecting a need for a more supportive government approach to digital assets.
