As the 2024 presidential race intensifies, a group named ‘Crypto Advocates for Harris‘ is rallying support for Democratic nominee Kamala Harris, urging her to formulate a clear policy on digital assets. This coalition of “industry leaders, policy experts, and everyday crypto-enthusiasts” aims to position the United States as a frontrunner in the digital assets space.
Push for Policy Clarity
On August 6, the group announced plans to host a virtual town hall featuring U.S. lawmakers, policymakers, and prominent figures like entrepreneur Mark Cuban, a minority owner of the Dallas Mavericks. Cuban, who has been a Democratic donor this election season and a vocal critic of the Republican Party under Donald Trump, has shown a keen interest in policies around business, artificial intelligence, and cryptocurrency.
Cuban’s support for Harris intensified after President Joe Biden announced he would not seek reelection, stating that Harris could be “far more open to business, AI, crypto, and government as a service” than Biden. Previously, Cuban had expressed discontent with SEC Chair Gary Gensler’s approach to crypto regulation, suggesting it might have electoral repercussions.
Harris’s Stance and Campaign Moves
While Harris has not publicly declared her stance on cryptocurrencies, her campaign reportedly reached out to Cuban in July to discuss crypto policies. This move indicates a potential interest in embracing a crypto-friendly platform. Harris’s selection of Minnesota Governor Tim Walz as her running mate has not clarified her position on digital assets, leaving the crypto community watching closely.
The ‘Crypto Advocates for Harris’ group is advocating for Harris to adopt a nuanced policy stance on digital assets. Their upcoming town hall aims to facilitate a discussion that could help shape the Democratic nominee’s policy direction. The event will include notable industry figures such as Mason Lynaugh, the community director of Coinbase’s Stand With Crypto initiative, and Sam Shev, marketing head at Ava Protocol.
The adoption of a clear and progressive crypto policy by Harris could significantly influence the U.S. digital assets market. With regulatory clarity, the U.S. could attract more innovation and investment in the cryptocurrency space, enhancing its position in the global digital economy.
| Participant Name | Role |
|---|---|
| Mark Cuban | Entrepreneur, Dallas Mavericks minority owner |
| Mason Lynaugh | Community Director, Coinbase’s Stand With Crypto |
| Sam Shev | Marketing Head, Ava Protocol |
As the election nears, the cryptocurrency community’s interest in Harris’s potential policies is evident. The advocacy by ‘Crypto Advocates for Harris’ highlights the growing importance of digital assets in national policy debates. Their efforts to shape the conversation around cryptocurrency regulations reflect a broader desire for innovation-friendly policies that could define the future of the U.S. economy in the digital age.
Featured image credit: Gage Skidmore via Flickr
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