- Digital Chamber Group wants Kamala Harris to support digital assets
- The advocacy group asked Harris to pick a vice president who understands the industry
- They believe the digital asset industry is creating the “revolutionary shift” Harris needs to advocate for
The Digital Chamber of Commerce has sent a letter to Vice President Kamala Harris calling on her to support the digital asset industry, which it believes has “enormous potential for innovation, economic growth, and financial inclusion.”
In a July 22 letter, the cryptocurrency advocacy group made three requests to Harris. These measures are intended to promote the inclusion of pro-digital asset language within the Democratic Party, select a vice presidential candidate who understands the digital assets industry (such as Colorado Governor Jared Polis), and engage with industry leaders.
According to the Digital Chamber, Democratic leaders, including Speaker Emeritus Nancy Pelosi and Senate Majority Leader Chuck Schumer, support pro-cryptocurrency legislation. However, due to the influence of the Biden and Harris administrations, public opinion generally believes that the Democratic Party has a negative stance on digital assets.
In June, President Joe Biden reportedly vetoed a bill that would have overturned SEC cryptocurrency accounting standards. Many in the cryptocurrency community see this as a setback for innovation and financial inclusion.
“We believe that previous hostility does not reflect your party’s progressive and inclusive values,” the group wrote, adding that more than 50 million Americans have embraced digital assets.
Champion innovation
The Digital Chamber of Commerce writes that digital assets highlight a “revolutionary shift” that can “increase transparency, reduce fraud and create a more inclusive financial system.”
The advocacy group urged the Harris administration to “support these innovations to help reaffirm America’s position as the global leader in the digital economy.
Harris was endorsed as a potential successor to Biden after news broke that he would not seek re-election this year.
Since then, the value of the Harris meme token has skyrocketed. For example, Solana-based memecoin KAMA rose more than 60% in 24 hours to $0.02512, according to CoinMarketCap.
Harris has yet to comment on her stance on cryptocurrencies; however, the Digital Chambers concluded their letter by stating that they are “hopeful” that through Harris’ leadership, “Democrats can shift to a more supportive stance on digital assets.”
Tapping into the Potential of Digital Assets: A Call to Action for Vice President Kamala Harris
In a move to push for greater support towards the digital asset industry, the Digital Chamber of Commerce has reached out to Vice President Kamala Harris with a compelling letter. The advocacy group firmly believes that digital assets hold enormous potential for innovation, economic growth, and financial inclusion.
On July 22, the cryptocurrency advocacy group presented three key requests to Harris in order to advance the cause of digital assets. These requests include advocating for pro-digital asset language within the Democratic Party, selecting a vice presidential candidate well-versed in the digital assets industry, and fostering engagement with industry leaders.
Shifting Perspectives
Despite the support for pro-cryptocurrency legislation from Democratic leaders like Speaker Emeritus Nancy Pelosi and Senate Majority Leader Chuck Schumer, there remains a prevailing perception that the Democratic Party does not align positively with digital assets, largely influenced by the Biden and Harris administrations. The recent veto by President Joe Biden on a bill related to SEC cryptocurrency accounting standards has further fueled this perception within the cryptocurrency community.
The group emphasizes that this perceived hostility contradicts the progressive and inclusive values of the Democratic Party, especially when over 50 million Americans have embraced digital assets. They stress the need for a shift towards a more supportive stance on digital assets within the party.
Promoting Innovation and Inclusion
Highlighting digital assets as a catalyst for a “revolutionary shift,” the Digital Chamber of Commerce underscores the potential of these assets to enhance transparency, reduce fraud, and create a more inclusive financial system. The group calls upon the Harris administration to support these innovations, positioning America as a global leader in the digital economy.
As Vice President Harris emerges as a potential successor to President Biden, the spotlight on her stance towards cryptocurrencies grows brighter. The surge in value of the Harris meme token serves as a testament to the anticipation surrounding her leadership in this realm.
While Harris has not yet expressed her official position on cryptocurrencies, the Digital Chambers express hope that her leadership will pave the way for a more positive outlook on digital assets within the Democratic Party.
