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Highlights
- Pro-Bitcoin supporter has challenged the Democrats nominee to take a crypto stand
- Specific issues include Self Custody and the US SEC
- Former President Donald Trump has made related disclosures on crypto
Vivek Ramaswamy, a top supporter of Donald Trump thinks its high time Vice President Kamala Harris took a crypto stand. The 39-year-old American entrepreneur and Republican party member says the VP owes it to the crypto community members who needs to know her potential policies on digital assets and the SEC’s future.
Kamala Harris to Take Thoughtful Crypto Position
Ramaswamy made this statement on CNBC when asked for his take on the DNC acclaimed candidate embracing crypto as an industry. He thinks the politicians verbiage might sound like she is all in support of the crypto ecosystem. As noted, this might stem that captivating speech about crypto during the Bitcoin Conference 2024 that the former President made.
With her opponent having such strong hold on the crypto industry, Ramaswamy believes Harris would want to secure a thoughtful position. Hence, as a way of seeking crypto enthusiasts votes, she could tilt towards supporting the digital asset sector. The top Trump supporter does not condemn her approach, rather he called it a “good thing” for campaign debates.
In the last few weeks, the Vice President extended her lead on Polymarket amid efforts to gain the support of crypto voters. While the former White House aspirant suggested that he does not agree with some of her moves. He stated that she should get very specific with how she feels about the crypto industry.
Furthermore, he expects Kamala Harris to share details of what she thinks about self custody of crypto assets and if Gensler should continue as the Chairman of the SEC.
Gensler And SEC Future Post-Election Remains Crucial
Deciding on who leads the securities commission is an important subject for the crypto industry and its community members. Their reason is not far-fetched considering how much effort Gary Gensler put into regulation by enforcement of the crypto industry. Beyond crypto, the US SEC cracked down Novatech over $650 worth of crypto scam
Beyond this, aided by the President Biden administration, the SEC levied several crypto exchanges with series of enforcement actions. A similar SEC policy Coinbase challenged recently is linked to the expanded the definition of ‘Exchange’. The CLO of the firm accused the regulator of failing to conduct critical analysis before proposing a definition for the term.
While the market has called on Kamala Harris to take a stand, that of her toughest rival is known. Should the former President win the presidential election, he has a standing promise to fire Gary Gensler as SEC Chair.
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