Kamala Harris will back pro-crypto policies to grow the market and the emerging technology industry, a campaign aide noted. This comes after heavy backlash following the DNC’s Platform cryptocurrency snub coupled with the Biden administration’s tough stance on the market. Crypto continues to garner mainstream attention ahead of the United States Presidential elections.
Kamala Harris To Support Crypto
Kamala Harris will support pro-crypto policies which will grow the industry and emerging technologies. According to Bloomberg, Brian Nelson, a senior campaign adviser, stated at the Democratic National Convention that Harris would support emerging technologies responding to efforts aimed at engaging the crypto community.
“Obviously, they’ve expressed that one of the things that they need are stable rules, rules of the road.”
A major policy direction crypto stakeholders want to see is a change in rule-making and an end to bottleneck policies capable of driving investment from the country to jurisdictions with clearer rules. The plethora of lawsuits by the Securities and Exchange Commission (SEC) alongside other regulators have also made the status quo a lot burdensome for innovation, market watchers claim.
However, supporters hold on to positive statements hinting at reducing red tape and promoting innovative technologies. “…focus on cutting needless bureaucracy and unnecessary regulatory red tape… innovative technologies while protecting consumers and creating a stable business environment with consistent and transparent rules of the road.”
This comes amid the backlash of the DNC leaving out crypto from its platform unlike major rival Donald Trump and a controversial tax plan.
Market Momentum Surges
Ahead of the elections, candidates have taken a pro-market approach courting crypto voters with varying promises. While Kamala Harris’s approach remained reserved, Donald Trump backed the sector promising pro-regulation to foster innovation. As a result, the bulk of industry executives have backed the former President although Harris supporters try to rally the market.
This year also saw crypto make significant progress in Congress with digital asset bills marking varying levels of bipartisan support. Industry leads have also donated huge sums to Super PACs in support of pro-crypto candidates in the upcoming elections.
The post Kamala Harris To Back Crypto Market Following DNC Policy’s Heavy Backlash appeared first on CoinGape.
Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0
PRC Comment Policy
Your comments MUST BE constructive with vivid and clear suggestion relating to the post.
Your comments MUST NOT be less than 5 words.
Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.
Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.
Constructive REPLY to comments is allowed