These comment comes more than a month after Democratic cryptocurrency industry leaders coalesced to form the Crypto4Harris movement which hosted a Town Hall advocating for a Democratic “reset” on digital asset policy. And I acknowledge they were modest comments in comparison to Trump’s 180 degree pivot from skeptic to supporter.
For many, they were the first clear signs of her willingness to support the industry. But those of us who have been following the paper trail and reading the tea leaves saw this coming. Her advisors and surrogates have made supportive overtures, her campaign staff have participated in thoughtful dialogue, Democratic Congressional leaders including Senate Leader Chuck Schumer (D-NY) and House Financial Services Committee Ranking Member Congresswoman Maxine Waters (D-CA) have made it clear where they stand, and her own comments, platform, and tagline have hinted at a departure from the Biden administration’s restrictive crypto policies. Industry insiders are confident that a “reset” is coming under a potential Harris administration.
I argue that, despite the contrast in public statements made by each candidate on crypto, a Kamala Harris presidency would be more beneficial for our future digital economy. First I will highlight ways in which the former President’s words don’t match his actions, and the many ways he has lied or exaggerated to gain an advantage. Then I outline why Harris’ vision of an “Opportunity Economy” will benefit our industry more broadly.
Here are some reasons to be skeptical of Trump:
