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 @ISIDEWITHNewsDonald TrumpDaily Discussion2024 PresidentialJoe BidenKamala HarrisTechnologyCryptocurrency•••2yrs ago

Harris triggers crypto tug-of-war between Democrats

Vice President Kamala Harris is unleashing a burst of unity among Democrats.

Behind the scenes, a fight over cryptocurrency is threatening the good vibes.

Pro-crypto Democrats are lobbying Harris to start taking a friendlier approach to digital asset firms, which have faced tough enforcement actions from President Joe Biden’s regulators. They say the party should embrace the technology’s potential and not cede the issue to former President Donald Trump. Trump is courting crypto enthusiasts and attracting campaign cash from several wealthy industry leaders.

The push risks alienating prominent skeptics like Sen. Elizabeth Warren of Massachusetts who have argued that crypto poses major risks to consumers, the financial system and the fight against money laundering. A softer approach would also be a break from Biden.“If she listens on the issue of enforcing our income tax laws, our sanctions laws, our human trafficking laws, she’ll continue to reach the same conclusion that the Biden-Harris administration has made,” said Rep.

Brad Sherman, a fellow California Democrat who is urging Harris to maintain the tougher status quo.

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12 Replies

 @SadBi11R1ghtsGreen from New Jersey  commented…2yrs2Y

Real question is

Which politician will be the first to address the elephant in the room

Bitcoin is a public ledger that is too old and slow to ever be mass adopted and actually used as a currency

 @HedgehogEllaPeace and Freedom from Tennessee  disagreed…2yrs2Y

Was I transported back to 2016 talking points?

 @SadBi11R1ghtsGreen from New Jersey  disagreed…2yrs2Y

No. We are actually in the future

Where the conversation will shift to zero knowledge proofs and security

A public ledger is a massive security risk and is unconstitutional

Thought this was about freedom after all

 @CynicalSenateSeatLibertarian from Indiana  commented…2yrs2Y

Is this really Elizabeth Warren’s position?

’I don’t see a move toward a policy that embraces terrorists and ransomware scammers,” she said.’

 @SoreUnit3dNationsLibertarian from Nebraska  commented…2yrs2Y

Beware of the Big Bluff. Harris and her advisors are in the process of working on a "reset" with the crypto industry.

 @ISIDEWITHasked…2yrs2Y

How important is it for political figures, like Vice President Harris, to balance the excitement around new technologies like cryptocurrencies with the warnings from skeptics about potential dangers?

 @ISIDEWITHasked…2yrs2Y

Would the possibility of gaining campaign contributions and support from wealthy crypto industry leaders justify a political party changing its stance on cryptocurrency regulation?

 @ISIDEWITHasked…2yrs2Y

Do you believe political leaders should prioritize the innovation and freedom represented by cryptocurrencies, or should consumer protection and financial stability take precedence?

 @ISIDEWITHasked…2yrs2Y

If embracing cryptocurrency could lead to significant technological advancements and economic growth, would you support a softer regulatory approach, despite potential risks such as fraud or money laundering?

 @ISIDEWITHasked…2yrs2Y

Should the Democratic Party adopt a more open stance towards cryptocurrencies to potentially gain the support of younger, tech-savvy voters, or does that risk compromising ethical or regulatory standards?

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