The Digital Chamber urged Vice President Kamala Harris to undertake a forward-looking strategy to digital belongings and blockchain expertise, emphasizing their immense potential for innovation, financial progress, and monetary inclusion.
The Chamber highlighted the transformative advantages of those applied sciences in a letter despatched to Harris on July 22 amid her preparations to develop into the Democratic Presidential nominee after President Joe Biden bowed out of the race on July 21.
Altering the attitude
The letter highlighted that the Biden/Harris Administration’s cautious strategy towards digital belongings has resulted in a public notion that the Democratic Celebration is anti-crypto. It famous that the point of view has gained traction regardless of assist for the business amongst key Democratic leaders, together with Senate Majority Chief Chuck Schumer and Speaker Emerita Nancy Pelosi.
The Chamber argued that this viewpoint doesn’t align with the Democratic Celebration’s progressive and inclusive values and urged Harris to take steps to amend public notion. The letter emphasised that over 50 million People have embraced digital belongings, viewing them as a way to democratize finance, spur innovation, and create new financial alternatives.
It additional said that these applied sciences are revolutionizing alternatives for the Democratic Celebration’s key constituencies — highlighting increased adoption charges of digital belongings amongst Black and Latino People and immigrant communities in comparison with conventional monetary merchandise.
Revolutionary instruments
The Chamber asserted that digital belongings and blockchain expertise are revolutionary instruments that may improve transparency, scale back fraud, and create a extra inclusive monetary system. It argued that the Democratic Celebration ought to champion these improvements to reaffirm US management within the world digital economic system.
The commerce physique pressured the significance of the celebration’s platform reflecting the potential advantages of digital belongings and blockchain expertise and urged Harris to advocate for the inclusion of pro-digital asset language within the Democratic Celebration’s platform.
The letter additionally advisable that Harris choose a vice-presidential candidate with experience in digital asset coverage, suggesting candidates like Colorado Governor Jared Polis, who has a confirmed monitor file of partaking with digital asset expertise and proposing pro-innovation insurance policies.
The Chamber known as on Harris to have interaction in dialogue with leaders within the digital asset and blockchain business. By doing so, she may talk about insurance policies that assist and nurture these applied sciences, offering worthwhile insights and serving to to craft insurance policies that encourage progress whereas guaranteeing shopper safety and monetary stability.
