Sign Up on MEXCKamala Harris Exposed, Considers Anti-Crypto Sen. Gary Peters
Highlights
- Anti-crypto Michigan Senator Gary Peters will be the running mate to Kamala Harris.
- Gary Peters has been vocal about his opposition to cryptocurrency, supporting the Money Laundering Act of 2023.
- Crypto market veterans warn Kamala Harris about Democrats opposing pro-crypto policies.
While there have been reports that US President Kamala Harris has been working on a ‘reset’ with the crypto industry, her actions are completely opposite to where her mouth lies. Per the latest report from Axios, Harris is considering anti-crypto Michigan Senator Gary Peters as her running mate for the year 2024.
Kamala Harris to Appoint Anti-Crypto Senator
Eyeing a strong win for the Democrats in Michigan during the upcoming US Elections, Kamala Harris is considering Gary Peters.
As per stand with Crypto, Peters is majorly against crypto as he supported the Money Laundering Act of 2023 which talked about the use of crypto in illicit terror financing. “Given the clear and present danger posed by the financing of these and other militant organizations, we ask the Administration to provide additional details on its plan to prevent the use of crypto for the financing of terrorism,” he said.
As per Axios, Peters has received support from fellow Democrats for helping his party retain the majority in 2022, despite major headwinds from the Republicans.
On the other hand, Harris has yet to clear her stand on crypto after becoming the Democratic nominee for the Presidential race. Crypto industry veterans have warned Harris about the anti-crypto stand initiated by Democrats.
Galaxy Digital chairperson Mike Novogratz has advised Harris to beware of Senator Elizabeth Warren who has been constantly attacking the crypto industry with regulations. Similarly, XRP lawyer John Deaton, who’s fighting the next elections against Warren, said that Kamala Harris should fire SEC Chair Gary Gensler.
Also Read: Elon Musk Accuses Democrats Of ‘Importing Voters’, Endorses Donald Trump
Will Harris Walk The Talk?
The Biden administration has recently come under pressure after Donald Trump’s strong outreach to the crypto industry. In his presidential campaign, Trump has made a large number of pro-crypto promises and plans to execute them if he becomes the next US President. Trump has been receiving strong support from crypto industry veterans and investors alike.
Thus, the Democratic Party is looking to do some course correction here. Donors to the Democratic Party have now been pushing for Harris to speak at the upcoming crypto conference by Blockworks. Thus, the US Vice President is likely to make an appearance at the U.S. politics-focused Permissionless event from October 9 to 11.
Also Read: Gemini Co-Founder Warns of Kamala Harris’ ‘Big Bluff’ to Crypto Industry
- Cathie Wood’s Ark Invest Backs Nasdaq-Listed Solmate To Launch $300M Solana Treasury
- First U.S. Spot Dogecoin and XRP ETFs Launch as REX-Osprey Debuts DOJE and XRPR
- Analyst Calls $6 XRP Target for November Amid Ripple CEO’s White House Stockpile Hint
- Ethereum Faces Selloff Risks As Whales’ Unrealized Profit Hits 2021 Highs
- Expert Predicts 138% Shiba Inu Rally as SHIB Futures Listing Opens Spot ETF Path
- Cardano Price Stays Above Ichimoku Cloud as Grayscale ADA ETF Approval Nears
- HBAR Price Prediction as SEC Approves Generic ETF Framework – Analyst Targets $1.80
- Toshi Coin Gains 57% in One Day: What’s Driving the Sudden Upside?
- Shiba Inu Price Set to Soar as Exchange Reserves Dive Amid SHIB ETF Chatter
- Pepe Coin Price Prediction as Whale Moves $25M From Robinhood- Is a Breakout to $0.00002 Next?
- XRP Price Prediction as Market Longs Hit 78% amid VivoPower Treasury Expansion Launch — Is $4 Next?
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
