Vice President Kamala Harris is facing criticism from the crypto community for potentially choosing a running mate who is known for his anti-crypto stance.
Harris’s Potential Choice: Gary Peters
Rumors are swirling that Harris is considering Michigan lawmaker Gary Peters as her running mate for the 2024 election. This has caused alarm bells to ring in the crypto world, as Peters is a vocal critic of Bitcoin and has even supported legislation aimed at cracking down on the use of crypto for illegal activities.
Peters’ Anti-Crypto Stance
Peters is a strong supporter of the Money Laundering Act of 2023, which specifically targets the use of cryptocurrency for financing terrorism. He believes that stricter regulations are needed to control the use of crypto and prevent its misuse.
Crypto Community Reacts
The crypto community has expressed concern and disappointment at the prospect of Peters joining the Harris ticket. Industry leaders like XRP attorney John Deaton and Galaxy Digital chairman Mike Novogratz have urged Harris to reconsider her choice. They argue that Peters’ anti-crypto stance could lead to a hostile environment for the industry.
Political Strategy or Genuine Belief?
Some believe that Harris’s potential choice of Peters is a strategic move to win over Michigan, a crucial swing state. Peters has strong support from labor unions and other Democrats, making him a valuable asset for the campaign.
A Shift in Harris’s Stance?
This potential choice seems to contradict Harris’s previous attempts to build bridges with the crypto community. It remains to be seen whether Harris will ultimately choose Peters as her running mate and what impact this will have on the future of crypto regulation in the United States.
