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A Kamala Harris adviser said the vice president would back policies to help the growth of the crypto industry if she wins November’s election, but the comments were slammed by industry leaders, including Cardano CEO Charles Hoskinson.
“We need specific, tangible actions,” Hoskinson said in an Aug. 21 post on X. “No specific policy or proposal. Just talk. Will Gary be fired? What legislation do you support? What executive actions will be issued? I’m sorry there is ZERO trust.”
Harris To Support Emerging Technologies
“She’s going to support policies that ensure that emerging technologies and that sort of industry can continue to grow,” said Brian Nelson, a senior campaign advisor on policy to Kamala Harris, at a roundtable event hosted at the Democratic National Convention in Chicago, according to an Aug. 21 report by Bloomberg.
Nate Geraci, the president of the ETF Store, also was critical of Nelson’s comments.
“Actions speak louder than words,” he said on X. The current administration, of which Harris is a part, “is decidedly anti-crypto,” he added.
My take on this is very simple…
Actions speak louder than words.
Current admin, of which Harris is a part, is decidedly anti-crypto.
There’s always balance b/w innovation & regulation.
Focus has been solely on regulation.
Need to demonstrate embracing innovation.
Actions. pic.twitter.com/Q1xkr0a8yL
— Nate Geraci (@NateGeraci) August 22, 2024
Geraci said that there has to be a balance between innovation and regulation, and that the current administration has focused “solely on regulation.”
He wants Harris’s campaign to demonstrate that it is actively embracing innovation.
Kamala Harris Loses Support Of Polymarket Bettors
Harris is losing the support of bettors on the decentralized platform Polymarket.
After building a lead over her political rival Donald Trump, bettors have reduced her odds of taking the White House by 8%.
Polymarket odds of a Trump victory currently stand at 53 cents, indicating a 53% chance. Meanwhile, Harris’s odds stand at 46%.
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