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Kamala Harris Signals Interest in Friendlier Stance on Crypto: Bloomberg
The cryptocurrency industry has made no secret of its displeasure with the Biden administration's approach towards regulating digital assets.
Democratic presidential candidate Kamala Harris will support policy efforts to encourage the growth of the cryptocurrency industry, one of her top campaign officials said Wednesday.
“She’s going to support policies that ensure that emerging technologies and that sort of industry can continue to grow," said Brian Nelson, senior advisor for policy for the Harris campaign, speaking Wednesday during a Bloomberg roundtable at the Democratic National Convention in Chicago.
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Read more: New Binance CEO Sees No Need for IPO as He Plots 100-Year Strategy for Crypto Exchange
The growing political clout of the crypto industry is among the stories of the 2024 presidential race, with first independent candidate Robert F. Kennedy Jr. and then the GOP's Donald Trump both promising highly friendly approaches towards regulation should they take office in 2025.
The industry generally has been displeased with what it sees as the highly unfriendly regulatory approach of the Biden administration.
"Obviously, they’ve expressed that one of the things that they need are stable rules, rules of the road," continued Nelson, suggesting a Harris administration will still be interested on putting in place safeguards for an industry that has seen a number of sizable collapses in recent years.
Stephen Alpher
Stephen is CoinDesk's managing editor for Markets. He previously served as managing editor at Seeking Alpha. A native of suburban Washington, D.C., Stephen went to the University of Pennsylvania's Wharton School, majoring in finance. He holds BTC above CoinDesk’s disclosure threshold of $1,000.
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Crypto Industry Asks President Trump to Stop JPMorgan’s 'Punitive Tax' on Data Access
A coalition of fintech and crypto trade groups is urging the White House to defend open banking and stop JPMorgan from charging fees to access customer data.
What to know:
- Ten major fintech and crypto trade associations have urged President Trump to stop big banks from imposing fees that could hinder innovation and competition.
- JPMorgan's plan to charge for access to consumer banking data may debank millions and threaten the adoption of stablecoins and self-custody wallets.
- The CFPB's open banking rule, which mandates free consumer access to bank data, is under threat as banks have sued to block it, and the CFPB has requested its vacatur.
