Crypto under pressure: Harris' strategy before the US elections in focus
Crypto under pressure: Harris' strategy before the US elections in focus
The focus is also on the interests of the crypto industry in the upcoming presidential election in the USA. Crypto enthusiasts look forward to the potential effects of choice on the digital currencies sector. The choice is scheduled for November 5, 2024. In particular, the position of Vice President Kamala Harris raises questions because the founder of the Cardano project, Charles Hoskinson, indicates risks for the crypto industry.Kamala Harris and their politics for the crypto industry
in a post stated that Hoskinson's support was synonymous with a step backwards for the crypto industry in the USA. This is because Harris, together with important consultants such as Brian Deese and Bharat Ramamurti, faces the subject of cryptocurrencies with skepticism.
Brian Deese, the director of the National Economic Council, has repeatedly critically commented on digital currencies. His position is underpinned by a contribution on the Weißen House website, which primarily dealt with the risk reduction in the use of cryptocurrencies. Here, the emphasis was heavily laid on fraud prevention, while the possible advantages of financial innovation were not adequately recognized.
agreement between Harris and consultants
The consultants of Kamala Harris seem to form a uniform front when it comes to cryptocurrencies. Bharat Ramurti has been demanding strict regulation for a long time, which also corresponds to the point of view of Deese and Harris. This attitude could be an ongoing challenge for the crypto industry, even if there are attempts to promote the dialogue between government officials and crypto companies.
The concerns of the crypto community
The crypto community is concerned about developments, in particular the potential effects of a further term of office of Harris. In a zoom meeting organized by Congressed Ro Khanna, leading crypto representatives expressed their concern about the measures that have harmed the industry and the democratic party. Among other things, this group included prominent figures such as Mark Cuban and Anthony Scaramucci.
outlook for the US elections 2024
Although Donald Trump is known as a clear supporter of cryptocurrencies, it remains to be seen how the positions of the candidates are implemented in practice. However, the alliance between Harris and its critical consultants already indicated that the current course against digital currencies may continue should be successful.
In a time when digital currencies are becoming increasingly important, the question arises as to how the US government will deal with this emerging industry in the future. The upcoming elections have the potential to significantly influence the direction of the sector in the United States.