The Digital Chamber urged Vice President Kamala Harris to undertake a forward-looking method to digital property and blockchain know-how, emphasizing their immense potential for innovation, financial progress, 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 change into 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 method towards digital property has resulted in a public notion that the Democratic Get together is anti-crypto. It famous that the point of view has gained traction regardless of assist for the business 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 Get together’s progressive and inclusive values and urged Harris to take steps to amend public notion. The letter emphasised that over 50 million Individuals have embraced digital property, viewing them as a method to democratize finance, spur innovation, and create new financial alternatives.
It additional acknowledged that these applied sciences are revolutionizing alternatives for the Democratic Get together’s key constituencies — highlighting larger adoption charges of digital property amongst Black and Latino Individuals and immigrant communities in comparison with conventional monetary merchandise.
Revolutionary instruments
The Chamber asserted that digital property and blockchain know-how are revolutionary instruments that may improve transparency, scale back fraud, and create a extra inclusive monetary system. It argued that the Democratic Get together ought to champion these improvements to reaffirm US management within the world digital economic system.
The commerce physique harassed the significance of the get together’s platform reflecting the potential advantages of digital property and blockchain know-how and urged Harris to advocate for the inclusion of pro-digital asset language within the Democratic Get together’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 monitor file of partaking with digital asset know-how 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 business. By doing so, she might focus on insurance policies that assist and nurture these applied sciences, offering beneficial insights and serving to to craft insurance policies that encourage progress whereas guaranteeing client safety and monetary stability.
