The Digital Chamber urged Vice President Kamala Harris to undertake a forward-looking strategy to digital property and blockchain expertise, emphasizing their immense potential for innovation, financial development, 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 grow to be 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 property has resulted in a public notion that the Democratic Social gathering is anti-crypto. It famous that the point of view has gained traction regardless of help for the trade 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 Social gathering’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 property, 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 Social gathering’s key constituencies — highlighting greater adoption charges of digital property amongst Black and Latino People and immigrant communities in comparison with conventional monetary merchandise.
Revolutionary instruments
The Chamber asserted that digital property and blockchain expertise are revolutionary instruments that may improve transparency, cut back fraud, and create a extra inclusive monetary system. It argued that the Democratic Social gathering ought to champion these improvements to reaffirm US management within the international digital financial system.
The commerce physique careworn the significance of the social gathering’s platform reflecting the potential advantages of digital property and blockchain expertise and urged Harris to advocate for the inclusion of pro-digital asset language within the Democratic Social gathering’s platform.
The letter additionally really useful that Harris choose a vice-presidential candidate with experience in digital asset coverage, suggesting candidates like Colorado Governor Jared Polis, who has a confirmed observe 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 trade. By doing so, she may focus on insurance policies that help and nurture these applied sciences, offering invaluable insights and serving to to craft insurance policies that encourage development whereas guaranteeing client safety and monetary stability.
