- The Digital Chamber group desires Kamala Harris to help digital belongings
- The advocacy group has requested Harris decide a vice chairman who understands the trade
- They consider the digital asset trade is making a “revolutionary shift” that Harris must champion
The Digital Chamber has written a letter to Vice President Kamala Harris calling on her to help the digital asset trade, arguing that it holds “immense potential for innovation, financial progress, and monetary inclusion.”
In a letter dated July 22, the crypto advocacy group included three requests to Harris. These have been to advertise the inclusion of pro-digital asset language inside the Democratic Occasion, select a Vice President candidate who understands the digital asset trade, corresponding to Colorado Governor Jared Polis, and have interaction with trade leaders.
In line with the Digital Chamber, Democratic leaders together with Speaker Emerita Nancy Pelosi and Senate Majority Chief Chuck Schumer help pro-crypto laws. Nonetheless, because of the Biden and Harris administration, the general public view is that the Democratic Occasion holds a unfavorable stance on digital belongings.
In June, it was reported that President Joe Biden had vetoed a invoice aimed toward overturning SEC crypto accounting requirements. Many within the crypto neighborhood argued it was a setback for innovation and monetary inclusion.
“We consider this earlier hostility doesn’t mirror the progressive and inclusive values of your Occasion,” the group wrote, including that over 50 million People have embraced digital belongings.
Champion Innovation
Highlighting the “revolutionary shift,” digital belongings can “improve transparency, scale back fraud, and create a extra inclusive monetary system,” the Digital Chamber wrote.
The advocacy group is urging the Harris administration to “champion these improvements to assist reaffirm the US’ place because the chief within the world digital economic system.
Following the information that Biden received’t be looking for re-election this 12 months, Harris was endorsed as his potential successor.
Since then, Harris meme tokens have jumped in worth. As an example, the Solana-based memecoin KAMA elevated by greater than 60% in 24 hours to $0.02512, based on CoinMarketCap.
Harris has but to touch upon her place on crypto; nonetheless, the Digital Chamber ended their letter stating that they’re “hopeful” that by way of Harris’ management, “the Democratic Occasion can pivot in direction of a extra supportive stance on digital belongings.”