- Digital Chamber Group wants Kamala Harris to support digital assets
- The advocacy group asked Harris to pick a vice president who understands the industry
- They believe the digital asset industry is creating the “revolutionary shift” Harris needs to advocate for
The Digital Chamber of Commerce has sent a letter to Vice President Kamala Harris calling on her to support the digital asset industry, which it believes has “enormous potential for innovation, economic growth, and financial inclusion.”
In a July 22 letter, the cryptocurrency advocacy group made three requests to Harris. These measures are intended to promote the inclusion of pro-digital asset language within the Democratic Party, select a vice presidential candidate who understands the digital assets industry (such as Colorado Governor Jared Polis), and engage with industry leaders.
According to the Digital Chamber, Democratic leaders, including Speaker Emeritus Nancy Pelosi and Senate Majority Leader Chuck Schumer, support pro-cryptocurrency legislation. However, due to the influence of the Biden and Harris administrations, public opinion generally believes that the Democratic Party has a negative stance on digital assets.
In June, President Joe Biden reportedly vetoed a bill that would have overturned SEC cryptocurrency accounting standards. Many in the cryptocurrency community see this as a setback for innovation and financial inclusion.
“We believe that previous hostility does not reflect your party’s progressive and inclusive values,” the group wrote, adding that more than 50 million Americans have embraced digital assets.
Champion innovation
The Digital Chamber of Commerce writes that digital assets highlight a “revolutionary shift” that can “increase transparency, reduce fraud and create a more inclusive financial system.”
The advocacy group urged the Harris administration to “support these innovations to help reaffirm America’s position as the global leader in the digital economy.
Harris was endorsed as a potential successor to Biden after news broke that he would not seek re-election this year.
Since then, the value of the Harris meme token has skyrocketed. For example, Solana-based memecoin KAMA rose more than 60% in 24 hours to $0.02512, according to CoinMarketCap.
Harris has yet to comment on her stance on cryptocurrencies; however, the Digital Chambers concluded their letter by stating that they are “hopeful” that through Harris’ leadership, “Democrats can shift to a more supportive stance on digital assets.”
Supporting Innovation in Digital Assets: The Call to Action for Vice President Kamala Harris
As the digital asset industry continues to evolve and expand, the Digital Chamber of Commerce has reached out to Vice President Kamala Harris with a compelling message. Emphasizing the enormous potential for innovation, economic growth, and financial inclusion, the advocacy group is urging Harris to champion the cause of digital assets.
Advocating for Change
In a letter dated July 22, the cryptocurrency advocacy group outlined three key requests for Harris. These include promoting pro-digital asset language within the Democratic Party, selecting a vice presidential candidate well-versed in the digital assets industry, and engaging with industry leaders to drive positive change.
Despite support from Democratic leaders like Speaker Emeritus Nancy Pelosi and Senate Majority Leader Chuck Schumer, the negative perception of the Democratic Party’s stance on digital assets persists due to the actions of the current administrations.
A Path to Progress
The Digital Chamber of Commerce believes that digital assets represent a revolutionary shift that can enhance transparency, reduce fraud, and create a more inclusive financial system. By encouraging Harris to support these innovations, the group aims to solidify America’s position as a global leader in the digital economy.
With the endorsement of Harris as a potential successor to President Biden, the momentum behind digital assets has continued to grow. The recent surge in the value of the Harris meme token is a testament to the increasing interest and investment in the sector.
While Harris’s stance on cryptocurrencies remains unclear, there is optimism that her leadership can pave the way for a more supportive approach to digital assets within the Democratic Party.
