The United States elections have suddenly become a matter of how “crypto” a candidate is than the other. Of all nominees, Vice President Kamala Harris looks less crypto-inclined but Nic Carter thinks she can salvage the situation.
Popular venture capitalist Nic Carter took time out to put down ten actions that Kamala Harris can take to receive the backing of crypto enthusiasts.
VP Harris, if you want to “reset” D relations with crypto, here’s a basic template
– unequivocally end Choke Point 2.0. Absolute precondition
– repeal SAB121
– reel in the SEC
– end regime of regulatory opacity
– stop harassing bitcoin miners for simply buying energy
-…— nic carter (@nic__carter) July 27, 2024
For a start, he advised her to unequivocally end Choke Point 2.0. This initiative encompasses the coordinated efforts by the United States regulators to de-bank the crypto market by restricting banking services to digital asset firms. It is no surprise that Carter talks about Choke Point 2.0 as he has consistently pushed for its abolishment.
Next, Carter encouraged Harris to repeal the SEC Staff Accounting Bulletin No. 121 (SAB 121). This is the same motion brought before the House in February by Reps. Mike Flood, R-Neb. , and Wiley Nickel, D-N. C. Additionally, the venture capitalist urged US VP Harris to reel in the SEC, end regime of regulatory opacity, stop harassing Bitcoin (BTC) miners for simply buying energy and indicate openness to stablecoin and market structure bills.
Carter had more to write including putting a stop to stonewalling new master accounts for crypto banks. He asked Harris to stop forcing DeFi offshore, end soft prohibition on banks touching crypto/stables and drop frivolous SEC cases against crypto firms like Coinbase and others.
Should all these be implemented, he believes the Democrat might enter the good books of crypto lovers.
Noteworthy, the security that crypto community members, and digital asset service providers seek far exceed all that Nic Carter itemized. Quite a number of crypto enthusiasts are bent on having Gary Gensler as Chairman of the SEC. However, Kamala Harris may need to start mending bridges from Carter’s ten points. Who knows, she might eventually get through to the broader crypto community.
In the meantime, the US presidential race has crypto as the political battleground, with each candidate lauding his crypto stance. Independent presidential candidate Robert F. Kennedy reiterated his Bitcoin footprint during the 2024 Bitcoin Conference. According to RFK Jr., more than half of his wealth is in BTC.
Similarly, Donald Trump is bagging as much crypto donations as he can, a move that reflects his pro-Bitcoin stance. His fundraiser with a target of $100 million, is reportedly about $30 million to $50 million presently.
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