According to the chief executive officer of stablecoin issuing company Circle, US crypto companies are waiting for Kamala Haris’s clear position on digital assets.
Circle CEO Jeremy Allaire said in a recent interview with CNBC Television that digital asset industry was waiting for Harris to make a clear statement on her stance towards crypto assets. Harris became the Democratic candidate for the presidential election of 2024 last month.
The Administration, as well as the Harris Campaign, are making a concerted attempt to get to understand the issues and players in the business, their policies, industry etc. The industry wants to hear clear and concise statements, both from Harris’ economic agenda as well as from any existing White House.
Allaire says that the Administration’s skepticism and general hostility towards digital assets have caused many of the jobs to be sent overseas. He notes, however, that White House’s recent change of heart has been a positive one.
I think that they’ve missed the mark on this. They’ve probably caused American jobs overseas. The cost to build in the area has become prohibitive. They have also created an environment where the policy is decided by courts, not Congress.
This is the wrong way to develop a technology-based industry. The government has missed this opportunity. You did notice later on in the Administration that they were trying to pass a comprehensive bill with bipartisan support. So, there is some progress, but it’s too little too late ?”
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The post US Digital Asset Industry Wants a Clear Statement from Kamala Harris about Her Crypto Position: Jeremy Allaire could be updated as new information becomes available.
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