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.
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
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
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