The Digital Chamber Needs Kamala Harris to Champion Digital Asset Improvements

• The Digital Chamber group desires Kamala Harris to assist digital property
• The advocacy group has requested Harris choose a vp who understands the trade
• They imagine the digital asset trade is making a “revolutionary shift” that Harris must champion

The Digital Chamber has written a letter to Vice President Kamala Harris calling on her to assist the digital asset trade, arguing that it holds “immense potential for innovation, financial development, and monetary inclusion.”

In a letter dated July 22, the crypto advocacy group included three requests to Harris. These had been to advertise the inclusion of pro-digital asset language throughout the Democratic Get together, select a Vice President candidate who understands the digital asset trade, equivalent to Colorado Governor Jared Polis, and have interaction with trade leaders.

In accordance with the Digital Chamber, Democratic leaders together with Speaker Emerita Nancy Pelosi and Senate Majority Chief Chuck Schumer assist pro-crypto laws. Nevertheless, as a result of Biden and Harris administration, the general public view is that the Democratic Get together holds a destructive stance on digital property.

In June, it was reported that President Joe Biden had vetoed a invoice aimed toward overturning SEC crypto accounting requirements. Many within the crypto neighborhood argued it was a setback for innovation and monetary inclusion.

“We imagine this earlier hostility doesn’t mirror the progressive and inclusive values of your Get together,” the group wrote, including that over 50 million Individuals have embraced digital property.

Champion Innovation

Highlighting the “revolutionary shift,” digital property can “improve transparency, scale back fraud, and create a extra inclusive monetary system,” the Digital Chamber wrote.

The advocacy group is urging the Harris administration to “champion these improvements to assist reaffirm the US’ place because the chief within the world digital financial system.

Following the information that Biden gained’t be in search of re-election this yr, Harris was endorsed as his potential successor.

Since then, Harris meme tokens have jumped in worth. As an example, the Solana-based memecoin KAMA elevated by greater than 60% in 24 hours to $0.02512, based on CoinMarketCap.

Harris has but to touch upon her place on crypto; nonetheless, the Digital Chamber ended their letter stating that they’re “hopeful” that by way of Harris’ management, “the Democratic Get together can pivot in direction of a extra supportive stance on digital property.”