In the face of growing calls for Kamala Harris to replace Biden as the Democratic presidential candidate, the encryption community has also begun to talk about her attitude towards the encryption industry. Crypto lawyer Jake Chervinsky believes that the Democratic Party will be able to win back the hearts of crypto voters, while venture capital partners indicate that its relevant personnel are cryptocurrency supporters.
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ToggleJake Chervinsky: Democrats are expected to win back crypto voters
Crypto lawyer Jake Chervinsky revealed that the Democratic Party is expected to win back the hearts of cryptocurrency voters with Harris Harris’ potential candidacy:
In states where encryption is a relatively hot issue, new candidates should make it a top priority to win in marginal districts like Michigan and Pennsylvania.
He added, “The encryption issue itself is not a partisan issue, and there are also people in the Democratic Party who support cryptocurrency.”
Specifically, he made the following five recommendations:
- Acknowledge the importance of cryptocurrencies : Emphasize the importance of cryptocurrencies to the U.S. economy and politics, and commit to allowing the crypto industry to thrive in the United States.
- Acknowledge the failure of the current regulatory approach : Acknowledge the failure of the Securities and Exchange Commission’s (SEC) “enforcement instead of legislation” regulatory approach, and realize that the encryption industry needs tailor-made regulation.
- Propose a balanced policy platform : Develop a policy platform that balances cryptocurrency innovation with consumer protection, and make a sincere effort to understand and discuss crypto.
- Announcement of potential appointments : The announcement of potential appointments to cryptocurrency regulatory agencies (such as the SEC and CFTC) shows that encryption regulatory policies are no longer dominated and formulated by members of the "anti-crypto army."
- Engage directly with crypto industry stakeholders : Engage directly with crypto entrepreneurs, investors, and policy advocates to co-create good policies for development.
Chervinsky stated:
I believe the Democrats have a huge opportunity, but only new candidates can decide whether to seize it.
Adam Cochran: Potential partners are crypto supporters
On the other hand, venture capital partner Adam Cochran said that even though Harris has not yet made a public stance on cryptocurrencies, his potential deputies and others have expressed support for cryptocurrencies:
- Buttigieg (potential running mate): Has said cryptocurrencies should be treated as commodities rather than securities
- Shapiro (potential running mate): When he was Pennsylvania’s banking secretary, he defined cryptocurrencies as “money.”
- Montoya: Former team advisor who once expressed support for cryptocurrency
- Harris had a feud with anti-encryption congresswoman Elizabeth Warren
Given the moderate stance on cryptocurrencies by Harris' staff and camp, I can expect them to try to differentiate themselves from the crypto policies of the Gensler, Warren, and Biden eras.
(Note: Democratic Congresswoman Elizabeth Warren has expressed her support for Harris this morning.)
Messari founder: Harris Harris will have to take a stand sooner or later
Finally, Ryan Selkis, a fierce supporter of Trump and founder of the research agency Messari, believes that Harris will take a stance on this:
In an effort to appeal to crypto swing voters, Kamala Harris will be honest about her opinions and knowledge of cryptocurrencies.
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Maybe He Jinli won’t take a stand?
Finally, looking through all the issues that Jinli He has talked about in the past, she has indeed never expressed any support or opposition to cryptocurrency and blockchain.
However, as the election day approaches, how to recover the previous gap in support between Biden and Trump is to capture key voters on key issues; and in addition to cryptocurrency, including border issues , inflation crisis, tax reform and other issues are hot topics.
At this point, in terms of topic influence, perhaps He Jinli will not use cryptocurrency to operate.
On the contrary, American voters and the crypto community should be more wary of the old-fashioned behavior of politicians changing their positions due to elections, and should not blindly support specific candidates.
