The “Crypto For Harris” campaign held a virtual town hall, hoping to mend fences with the crypto industry and showcase Vice President Kamala Harris’s commitment to a “crypto reset.” However, the event, featuring Democratic heavyweights and tech influencers, fell short of its goal.
No Harris, No Love
Despite the presence of prominent figures like Senate Majority Leader Chuck Schumer and tech entrepreneur Mark Cuban, the town hall lacked the key ingredient: Vice President Harris herself. Her absence was a major talking point, leaving attendees wanting to hear her direct thoughts on crypto policy.
Schumer’s Speech: A Bridge Too Far?
Schumer attempted to fill the void by advocating for balanced legislation, emphasizing the need for “common sense guardrails” while fostering innovation. He warned of the risks of inaction, suggesting that a lack of US regulation could drive the industry to less regulated countries. However, his remarks failed to quell the attendees’ concerns about the Democratic Party’s overall stance on crypto.
Industry Insiders Express Disappointment
Industry leaders expressed disappointment and frustration with the event. Caitlin Long, CEO of Custodia Bank, highlighted the lack of clarity on how Democrats plan to address the crucial issue of de-banking in the crypto space. Jake Brukhman, founder and CEO of CoinFund, criticized the town hall’s format, arguing that it failed to facilitate a genuine exchange of views.
Trump’s Approach: A More Appealing Alternative?
The event’s effectiveness was contrasted with the vocal support for a lighter regulatory framework from GOP presidential nominee Donald Trump. Tyler Winklevoss, a prominent figure in the crypto world, expressed his dissatisfaction with the town hall’s format and Harris’s absence, calling it a “clown show.”
David Bailey, CEO of Bitcoin Magazine, bluntly stated that Harris’s silence on crypto policy sends a clear message: “she plans to f*ck us.”
A Missed Opportunity?
The “Crypto For Harris” town hall ultimately failed to rally industry support. The lack of direct communication from Harris and the overall format of the event left many feeling disappointed and disillusioned. This could potentially sway industry support towards Republican candidates who have shown a more favorable stance on crypto.
