Earlier, at a fund-raising event in New York, US Democratic presidential candidate Kamala Harris changed her past vague attitude and mentioned cryptocurrency-related topics for the first time. She included artificial intelligence and digital assets in her opportunity economy platform. Such a positive attitude has been widely praised by the industry. Coinbase policy director Faryar Shirzade believes this means that the era of Biden and digital asset regulator Senator Elizabeth Warren is coming to an end.
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ToggleWill September be a turning point in He Jinli’s attitude, switching to an encryption-friendly approach?
"I will bring together workers, small business founders, innovators, and big businesses to invest in America's competitiveness and future. We will promote innovative technologies like artificial intelligence (AI) and digital assets, while protecting consumers and investors rights." He Jinli said.
She has remained silent on the issue of digital assets in the past, even though her rival Trump has gone out of his way to please relevant groups during this election campaign. There are also differences of opinion within the Democratic Party. SEC Chairman Gary Gensler, appointed by current President Biden, continues to find fault with the cryptocurrency industry, and Senator Elizabeth Warren (Warren) has always been a tough regulator. On the other hand, advocacy organizations such as Crypto for Harris have also emerged within the Democratic Party. In addition, Harris’s team has also met with the industry several times.
This vague attitude changed in September. On September 5, it was reported that Harris accepted cryptocurrency as a payment channel for political donations. Today, she directly made a positive statement about the encryption industry.
Coinbase: The era of Biden and Warren is over
Uniswap Labs CEO Hayden Adams said on Twitter : "He Jinli just said that she will encourage innovative technologies such as digital assets. I believe this is the first time she has publicly mentioned cryptocurrency, and it is in a positive way." Responding to many people’s dissatisfaction with the Democratic government: “Biden is bad for cryptocurrencies, and facts speak louder than words. But progress is progress, it needs to start somewhere, and it should be encouraged. Harris’s positive statements on technology are more positive than those of Biden and Trump. It was much better when Trump was president.”
Faryar Shirzad, policy director at Coinbase, also said that this is an important and constructive statement. He said: "It is not as avant-garde as Trump's position, but it is still worth noting. Because she recognizes that digital asset innovation is very important, and Equally important as artificial intelligence. She understands there is a way to promote innovation while protecting consumers and investors. Her statement comes after the core team has engaged closely with the industry and has a thoughtful and open attitude towards cryptocurrencies.”
He also pointed out that Harris' deliberate mention of cryptocurrency was sending a clear message that the era of Biden and Warren is over. Her announcement today is significant and the industry should recognize it.
