The crypto community has ramped up its criticism of Vice President Kamala Harris, accusing her of offering little support to the sector despite campaign claims. Industry insiders, including Cardano CEO Charles Hoskinson, are calling for the removal of Securities and Exchange Commission (SEC) Chair Gary Gensler, questioning Harris’s commitment to fostering the growth of emerging technologies.
Highlights:
- Cardano’s CEO demands answers from Kamala Harris on why Gary Gensler remains SEC Chair.
- Harris’s campaign adviser avoids mentioning cryptocurrency during the Democratic National Convention.
- Trump gains traction in the race as Robert F. Kennedy Jr. hints at exiting the presidential contest.
Crypto Industry Leaders Show Discontent
During the ongoing Democratic National Convention (DNC), Kamala Harris’s senior advisor announced that her administration would adopt policies supporting the growth of emerging technologies. However, the crypto industry remains skeptical. Charles Hoskinson, a leading voice in the space, stated that Harris’s campaign promises hold little weight without action to back them up, further demanding Gensler’s resignation from the SEC.
“Why is Gary Gensler still in office if Harris is truly supportive of the crypto market?” Hoskinson asked. His sentiment reflects a broader frustration within the community, as many feel that Harris’s pro-crypto stance has been more rhetoric than reality. Brian Nelson, a Harris campaign adviser, delivered remarks at the DNC suggesting support for emerging technologies but failed to mention cryptocurrency or digital assets specifically.
Lack of Concrete Action
Critics point to the Harris administration’s lack of concrete proposals to support cryptocurrency growth. The recently released 92-page DNC document omitted any discussion of digital assets, reinforcing industry concerns that Harris’s crypto support lacks substance.
Hoskinson’s public skepticism echoes throughout the crypto community. “There is ZERO trust,” he stated. “We need specific, tangible actions, not vague promises.” Even Fox Business journalist Eleanor Terrett remarked that Nelson’s comments amounted to little more than empty words, with no actual mention of crypto policy.
Industry Demands Policy Shifts
Many industry figures echo Hoskinson’s concerns, demanding tangible changes in the current administration’s approach to cryptocurrency. Nate Geraci, President of the ETF Store, emphasized that action, not words, is what matters. “Actions speak louder than words. This administration has been notably anti-crypto. We need to see a shift toward embracing innovation, not just regulation.”
Trump Surges Ahead
As Kamala Harris faces growing discontent within the crypto community, her political standing is also taking a hit. Prediction platform Polymarket reports that Donald Trump now has a 53% chance of winning the presidential election, compared to Harris’s 46%. This shift coincides with reports suggesting Robert F. Kennedy Jr. may withdraw from the race, potentially endorsing Trump.
The mounting criticism of Harris’s crypto policies, or lack thereof, could continue to erode her standing as the race tightens and her campaign is pressured to take clearer, more decisive positions on emerging technologies.
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Wintermute has accumulated deposits of 4,229 WBTC and 273 million USDT to CEX in the past two days.
