Digital Chamber Group Urges Kamala Harris to Support Digital Assets
- Digital Chamber Group wants Kamala Harris to support digital assets
- The advocacy group asked Harris to pick a vice president who understands the industry
- They believe the digital asset industry is creating the “revolutionary shift” Harris needs to advocate for
The Digital Chamber of Commerce has sent a letter to Vice President Kamala Harris calling on her to support the digital asset industry, which it believes has “enormous potential for innovation, economic growth, and financial inclusion.”
The Advocacy Group’s Request to Vice President Harris
In a July 22 letter, the cryptocurrency advocacy group made three requests to Harris. These measures are intended to promote the inclusion of pro-digital asset language within the Democratic Party, select a vice presidential candidate who understands the digital assets industry (such as Colorado Governor Jared Polis), and engage with industry leaders.
Democratic Party’s Stance on Digital Assets
According to the Digital Chamber, Democratic leaders, including Speaker Emeritus Nancy Pelosi and Senate Majority Leader Chuck Schumer, support pro-cryptocurrency legislation. However, due to the influence of the Biden and Harris administrations, public opinion generally believes that the Democratic Party has a negative stance on digital assets.
Promoting Innovation and Inclusivity
The Digital Chamber of Commerce writes that digital assets highlight a “revolutionary shift” that can “increase transparency, reduce fraud, and create a more inclusive financial system.” The advocacy group urged the Harris administration to support these innovations to help reaffirm America’s position as the global leader in the digital economy.
Harris was endorsed as a potential successor to Biden after news broke that he would not seek re-election this year. Since then, the value of the Harris meme token has skyrocketed. For example, Solana-based memecoin KAMA rose more than 60% in 24 hours to $0.02512, according to CoinMarketCap. Harris has yet to comment on her stance on cryptocurrencies; however, the Digital Chambers concluded their letter by stating that they are “hopeful” that through Harris’ leadership, “Democrats can shift to a more supportive stance on digital assets.”
