Digital Chamber Appeals to Kamala Harris
The D.C.-based digital chamberization, a main blockchain industry grouping, has implored the Vice President of the United States, Kamala Harris, to “take a forward-looking approach to digital assets.” ,Warmly, the body noted digital assets and blockchain technology, both new and old, that can result in a $5.9 trillion increase in the U.S. GDP, generate several million jobs, and create broader access to affordable, safe, and efficient financial services.
Biden Endorses Harris After Dropping Out of 2024 Election
The organisation Cybernetic Chamber had noticed Harris the day before it was reported. This was announced so soon after the US President Joe Biden, Congress of which will be finishing his term in 2024 and communicated of his endorsement of Kamala Harris as the next democratic nominee for president, announced his endorsement of Kamala Harris as the next democratic nominee for president.
When it comes to Digital Chamber, the blockchain and FinTech village, they revealed through their letter: “As the Democratic Presidential candidate, our demand is that you evolve with digital currencies and blockchain by imparting a forward-thinking approach, since this is a field that shows much potential for the innovativeness, growth, and financial inclusion of the state.”
Over 50 Million Americans Own Cryptocurrency
The Digital Chamber’s letter showed, however, that the strong commitment of the Democratic Party to the cryptocurrency ecosystem would already have a favourable impact on over 50 million Americans, who store their money in the form of cryptos. The Digital Chamber holds that such a change would guarantee that the U.S. will immediately experience the digital asset pendulum swinging from one end to another.
“We are happy to witness the Democratic Party moving on the right track with their approach to digital assets, and thus they are in the same line with other like-minded individuals from all over the country, who are the ones that see potential in the change that technology brings,” the letter says.
Criticism of Biden’s “Anti-Crypto” Approach
The announcement by President Biden of his nationwide address pointing out that he would not be seeking another term resulted in a drop in cryptocurrency prices at first, but they quickly rebounded as Australian investors were energized by the breaking of a BTC 68,000 barrier. The digital technology market evidently considers the option to have a crypto-friendly government after the elections are over.
In his time in office, it was largely Biden’s fault that the tech folk was the target of all the aggression; his hard-line stance toward the industry was a consistent feature. For example, one of such standings is the US House override of S. 121, which is his Joe Biden’s current bill last time.
Trump’s Crypto-Friendly Stance
Biden’s post came after weeks of uncertainty resulting from a Great Debate with the former President. Trump has been much more inclined to accept cryptocurrencies in the past months, having been the biggest donor from that sector. Giving a friendly recompense is his biggest promise as he told by refusing the government to issue digital currency unless sometime it won’t be without a challenge and that will battle Biden’s war on crypto.
This week, Trump will be among the headliners in the Bitcoin 2024 convention that will take place in Nashville, Tenn., a fact that will give him more leverage among crypto supporters.
The message together with the Chamber Digital’s note to Kamala Harris appears to be a warning of an imminent new phase of the US’s financial digitization, which will be all about economic and research innovation.
