- VP Kamala Harris was invited as a keynote speaker at Bitcoin 2024.
- The Bitcoin Conference reported that talks fell through.
- Harrisโ team gets in touch with Mark Cuban for crypto consultations.
The debate surrounding blockchain technology and crypto legislation has never been as hot as in this yearโs U.S. presidential elections. With just four weeks to go before the Democratic National Convention, Kamala Harris has been urged to outline her crypto agenda.
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The Bitcoin 2024 Conference in Nashville is about to kick off today. While Republican candidate Donald Trump will be given the center stage for a keynote speech on Saturday, July 27, the Democratic frontrunner wonโt join the conversation.
Kamala Harris Ghosts Bitcoin 2024, Sparking Angst
According to Bitcoin Magazine’s CEO David Bailey, the soon-to-be-appointed Democratic candidate Kamala Harris decided not to speak at the annual Bitcoin event. This has allowed highly influential crypto figures, including the eventโs organizer, to lambast Harris for not showing up to โstart mending fences.โ
Tyler Winklevoss, one-half of the famed Winklevoss brothers who founded the Gemini Exchange, has described Biden as waging โan all-out warโ on the crypto industry. The entrepreneur has also taken issue with the Securities and Exchange Commissionโs (SEC) Chair Gary Gensler.
Before Harrisโ decision not to participate in Bitcoin 2024 went public, Winklevoss issued a set of conditions for the current Vice President. He demanded that Harris immediately fire Gensler, serving additional conditions: โ..withdrawing all SEC enforcement actions against good actors, and ending Operation Chokepoint 2.0.โ
Kamala Harris Taps Mark Cuban For Crypto Entrance
Harrisโ team allegedly contacted Mark Cuban, crypto aficionado and owner of the Dallas Mavericks. โIโm getting multiple questions from her camp about crypto,โ Cuban said yesterday in an interview for Politico.
After the interview, Cuban posted a commentary on X, speculating that Harris will be more open to getting into business, artificial intelligence, and cryptocurrency than Biden. Cuban even polled his audience to find out what percentage of his followers are leaning towards the left, despite X being seen as dominated by right-wingers.
The Repercussions of Kamalaโs Bitcoin 2024 Refusal
Naturally, the decision not to attend the conference led to immense backlash from crypto figures who side with Trump.
The popular narrative spread across social media channels is that Harris had participated in an all-out crypto crackdown, highlighted by the SEC’s numerous fines of American-regulated crypto entities.
For instance, the SEC slapped Kraken with a $30 million fine for Ethereum (ETH) staking, disallowing the popular crypto platform from offering ETH staking services. Gary Genslerโs SEC has also got their teeth into ConsenSys, the blockchain enterprise that created MetaMask and a series of other DeFi products.
Harris has never publicly expressed her opinion on cryptocurrency and did not participate in significant BTC or ETH legislation votes as Vice President.
Because of this, political and digital finance observers agree that the most likely outcome if Harris wins the election, will be a continuation of Bidenโs sluggish stance on crypto.
On the Flipside
- Several prominent crypto figures like Anthony Scaramucci stand out from the crowd, arguing that Bitcoin reached its latest all-time high under Biden.
- Despite firing shots at Bidenโs administration for vetoing the SAB 121 appeal, SkyBridge Capitalโs founder argued that Bidenโs โgradualismโ is better than Trumpโs โimpulsivityโ in the long term.
- Scaramucci compared Donald Trumpโs way of thinking to that of SEC Chair Gary Gensler, calling it โa little autocraticโ and asserting that the crypto industry โhas already won.โ
Why This Matters
Most of the crypto community is giving the Democratic candidate the cold shoulder because of alleged support of anti-crypto legislation. Nevertheless, cryptocurrency has become an indisputably significant topic in this yearโs presidential election.
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