Unveiled this Monday, the Democratic Party's program does not refer to the crypto ecosystem, to the detriment of other branches of new technologies such as artificial intelligence (AI). This absence leaves doubts about the expected turnaround of Kamala Harris in terms of cryptocurrencies.
No term related to the cryptocurrency ecosystem in the Democratic platform
Is Kamala Harris willing to make concessions to convince the cryptocurrency industry? Nothing is less certain. The publication, this Monday, of the Democratic Party platform, does not suggest such actions from the party's current vice president and White House candidate.
Indeed, unveiled on the occasion of the Democratic National Convention held in Chicago, This 92-page program does not contain any terms related to the crypto ecosystem : no mention is made of “Bitcoin”, “cryptocurrencies”, or “blockchain”.
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However, in the same document, the term “artificial intelligence” is mentioned 5 times. Also, for comparison, The Republican platform, that of candidate Donald Trump, devotes an entire sub-chapter to the cryptocurrency industryincluding among other things, the promises he made at the Bitcoin Conference at the end of July.
Following this speech, several members of the Democratic Party were alarmed by the advance taken by the Republican candidate to convince the crypto ecosystem to support him. Thus, an initiative called “Crypto for Harris” was launched with the aim of finding of the concrete solutions to deal with Donald Trump. Several meetings were organized on this occasion.
Note that for several players in the crypto industry, of which businessman Mark Cuban and Anthony Scaramucci, founder of investment firm SkyBridge CapitalKamala Harris' candidacy represents a real breath of fresh air compared to what Joe Biden was proposing, who was more conservative in this area.
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Gary Gensler as Treasury Secretary if Kamala Harris wins?
At the same time, Kamala Harris' campaign team has had to deal in recent days with a rumor that The Democratic candidate was ready to install Gary Gensler as US Treasury Secretary.
The current chairman of the Securities Exchange and Commission (SEC), the American financial markets authority, has been heavily criticised in recent months. He is clearly not appreciated by Donald Trump who promised to “ fire him on his first day in office ” if he were to be elected.
In response to the rumor, Tyler Winklevoss, co-founder of the cryptocurrency exchange Gemini and supporter of the Republican candidate, called on the Democratic candidate to take a clear position on Gary Gensler and the SEC.
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Although Kamala Harris has not denied this information, she has not confirmed it either.. However, it is not impossible that the current Vice President of the United States has a plan for Gary Gensler.
Finally, some specialists think than a victory for Kamala Harris in the US presidential elections scheduled for early November could have a significant negative impact on the bitcoin price and cryptocurrencies in general.
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Sources: Democratic Party Program
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Surprised by the rise of crypto-assets in the late 2010s, I started to closely follow this sector that fascinates me to the highest degree. When I am not in football stadiums, rugby or handball halls, I work on writing relevant articles about cryptocurrencies and more broadly, Web3.
Zacharie Tazrout
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