Although there has been news that Democratic US presidential candidate Kamala Harris will change the tough regulatory stance on cryptocurrencies during the Biden administration. However, so far, except for the "Crypto for Harris" campaign launched by supporters of the US Democratic Party for presidential candidate Kamala Harris, neither Harris nor her campaign team has expressed political opinions related to cryptocurrency/blockchain. , making the cryptocurrency community increasingly suspicious of the "crypto-friendly" stance claimed by the Democratic Party.
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ToggleDemocratic Party Platform Does Not Mention Cryptocurrency
According to information shared by Fox Business reporter Eleanor Terrett, the 2024 party platform officially released by the Democratic Party on the first day of the National Committee shows that the content does not mention blockchain technology, Bitcoin, digital assets or anything related to cryptocurrency.
In contrast, the Republican Party’s 2024 platform clearly states:
“Republicans will end Democrats’ illegal and un-American crackdown on cryptocurrencies and oppose the creation of central bank digital currencies. We will defend the right to mine Bitcoin and ensure every American has the right to self-custody of their digital assets , and conduct transactions without government surveillance and control.”
In response to this, many people say that although the Democratic Party expresses its support for cryptocurrency in words, it is still anti-innovation in its heart. No matter how many comments it makes, it is just to cheat votes. Cryptocurrency is definitely not a priority for the Democratic Party.
No news is good news
However, some people expressed different views. Adam Cochran, a partner at CEHV, pointed out that "the platform does not mention cryptocurrency" itself is a good change.
Adam Cochran said that over the years, we have heard many anti-cryptocurrency remarks from the Democratic Party. Senator Warren shouted to establish an "anti-cryptocurrency army." The Treasury Department, OFAC (Office of Foreign Assets Control) and the Federal Reserve also claimed Cryptocurrencies have been linked to money laundering. However, there is no content in the Democratic Party’s platform aimed at strengthening cryptocurrency regulation. This in itself is a sign of the Democratic Party’s friendly attitude towards cryptocurrency. Adam Cochran concluded:
"That's a transformation, and a very good one."
