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CryptoXTimes > Article > News > Advocates Call For Harris To Lead In Digital Asset Regulation
NewsCrypto

Advocates Call For Harris To Lead In Digital Asset Regulation

Harris urged to lead digital asset regulation by crypto advocates.

Aima Raza
Last updated: August 6, 2024 11:23 pm
Aima Raza 11 months ago
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Advocates Call For Harris To Lead In Digital Asset Regulation

Industry leaders, policy experts, and everyday crypto-enthusiasts have backed Kamala Harris and asked the Democratic nominee to make clear rules about digital assets.

‘Crypto Advocates for Harris’ stated on August 6 through X that they were going to hold a virtual town hall with U.S. lawmakers, policymakers, and business leaders, such as Mark Cuban, entrepreneur and minority owner of the Dallas Mavericks. 

Join our virtual Town Hall next Wednesday to hear from elected officials, policy leaders, and industry heavyweights (including @mcuban) on our plans to support the campaign and ways you can get involved:
https://t.co/PYj41jHhc9

— Crypto4Harris (@Crypto4Harris) August 6, 2024

Cuban has been critical of the Republican Party under Donald Trump. He has given funds to Democrats this election season. He was going to vote for Joe Biden until July 21, when the President said he would not run for re-election.

Harris’ Potential Crypto Stance

Cuban told Politico that Harris might be “far more open to business, (artificial intelligence), crypto, and government as a service” than Biden after Biden dropped out. Cuban had said before that he disagreed with what U.S. Securities and Exchange Commission Chair Gary Gensler was doing to crypto firms and that they might have an effect on the race.

"In the Democratic party, not everybody gets their way, but everybody gets a voice. In the Republican party, there’s just one voice.”

Christopher Gibbs, Farmer, Shelby County Ohio

— Mark Cuban (@mcuban) June 22, 2024

Harris named Tim Walz, the governor of Minnesota, as her running mate on August 6. She has not made anything public about crypto or digital assets yet. In July, her campaign is said to have called Cuban to talk about crypto strategy.

The advocacy group told Harris that the United States should take a “nuanced policy stance that positions America as a leader in digital assets.” As of August 6, the virtual town hall had Mason Lynaugh, director of the Stand With Crypto group for Coinbase, and Sam Shev, marketing head for Ava Protocol. However, the full list of attendees was not made public.

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TAGGED: Cryptocurrencies, Kamala Harris, SEC, town hall
By Aima Raza
As a practicing lawyer who focuses on issues related to crypto and blockchain, Aima gives our content a unique legal viewpoint. Because she is so good at navigating the constantly changing regulatory environment, our readers always know about the latest regulations and happenings in the crypto world.
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