Kamala Harris allegedly calls Bitcoin ‘cash for criminals’

When President Joe Biden handed the torch to Kamala Harris, he may also be passing alongside his regime’s hostile stance on crypto. In accordance with Bitcoin Journal CEO David Bailey, Harris privately referred to as Bitcoin “cash for criminals.”

Bailey accused Harris of destroying the crypto business over the previous 4 years and teaming up with Securities and Change Fee Chair Gary Gensler and Senator Elizabeth Warren to push anti-crypto insurance policies, corresponding to Operation Choke Level.

The Biden administration has imprisoned builders and pushed the business abroad. After these actions, Harris can’t now declare to help Bitcoin, stated Bailey.

“Main democrat donor informed me Kamala [said] privately “Bitcoin is cash for criminals,” he famous.

Bailey’s assertion sparked controversy. In accordance with Hayden Adams, the CEO of Uniswap Labs, Harris has by no means spoken publicly about or voted on a crypto-relevant invoice. He instructed that folks mustn’t leap to conclusions with out proof.

“Truth is she has by no means spoken publicly about or voted on a crypto related invoice. We shouldn’t be so fast to fill within the clean with our personal priors,” Adams said. “She seemingly making an attempt to make pals not enemies proper now, huge alternative.”

Harris is at the moment the presumptive Democratic nominee for the 2024 presidential election. Following President Biden’s announcement that he was withdrawing from the race, he endorsed Harris as his successor.

The Vice President has acquired main help from key Democratic leaders, together with Invoice and Hillary Clinton, and Elizabeth Warren, who’ve publicly backed her candidacy.

Earlier this week, Bailey stated Harris’ marketing campaign was in talks together with his group to talk on the Bitcoin Convention, the world’s largest Bitcoin convention hosted by Bitcoin Inc. Her marketing campaign additionally reached out to billionaire Mark Cuban for crypto insights.

Nevertheless, a brand new replace from Bailey revealed that Harris wouldn’t be talking on the upcoming Bitcoin Convention 2024. He stated it was not stunning, including that her absence is indicative of ongoing tensions between the present administration and the crypto group, particularly concerning regulatory approaches.

Nonetheless, Harris has not made any exceptional public statements about crypto or Bitcoin throughout her political profession. The dearth of commentary makes it troublesome to find out her actual views on the matter.

In the meantime, Republican nominee Donald Trump has embraced a pro-crypto stance. Trump has actively engaged with the crypto group and positioned himself as a crypto candidate. He’ll attend the Bitcoin Convention in Nashville this week, alongside different high-profile figures like Cathie Wooden, Robert F. Kennedy Jr., and Michael Saylor.

[Update: Adding Hayden Adams’ comment]