Politicians are known for many things, and their speaking prowess is among them. With words, they can sway people, change opinions, and even nudge people to support their cause. But some people want more than vocals. They want action, which they say speaks louder than words do. One of these people is Vivek Ramaswamy.
More: Crypto-Friendly Candidate Drops Out of U.S. Presidential Race
Former 2024 presidential candidate Vivek Ramaswamy took the opportunity of his appearance on CBNC on August 13 to call out Vice President Kamala Harris’ unclear stance on the crypto industry, and he did not hold back in the slightest.
When asked whether he thought Harris would embrace the crypto industry, he explained that while “her verbiage” suggests that she would, it may just be to garner votes from the crypto community. Harris’ chief opposition, Donald Trump, has already turned Crypto into a campaign issue, so Harris may just be playing to that tune as well.
Ramaswamy believes that Harris’ sincerity on the crypto issue can only be judged by what she does and the specificity of her policies, not just what she says. He challenged her to say what she actually believes about crypto details, including self-custody of assets and whether or not Gary Gensler should continue as the SEC boss.
The Gary Gensler issue is a very sensitive one. The SEC boss has not been known for pro-crypto policies, which generally extends to the Biden administration. Although the administration has been trying to patch things up with the crypto community, their latest move on the crypto-friendly Customers Bank has not helped their case at all.
After the Fed’s order that Customers Bank notify them 30 days before entering into a new banking relationship with any cryptocurrency company, Tyler Winklevoss came out to talk. According to him, the Feds' actions were nothing but part of the administration’s attempts to isolate the crypto industry from traditional banking services, an operation he referred to as Operation Chokepoint 2.0.
Today, the Fed confirmed that Operation Choke Point 2.0 remains in full swing, provided valuable insight into how it works, and verified that the Harris crypto "reset" is a scam. The Fed revealed all of this in a 13-page enforcement action it issued this morning against… pic.twitter.com/zhLRRWAH0E
— Tyler Winklevoss (@tyler) August 9, 2024
With that issue still in full swing, Harris’ party also has other things to worry about. Trump, their major adversary in the elections, is rapidly winning the hearts of more and more people in the crypto community. Unlike Harris, Donald Trump has clearly voiced out specific crypto policies he wants to implement.
Among other things, Trump said in his appearance at the Bitcoin 2024 Conference in Nashville that he would be interested in paying off the US national debt with Bitcoin and also cautioned the Biden administration not to sell off US Bitcoin holdings.
Related: Bitcoin Conference Fundraiser for Donald Trump Raises $25 Million
So, could Kamala Harris still get some crypto votes? That remains to be seen, but seeing as Trump has doubled down on his efforts to win the hearts of the crypto community, he may have gotten a huge headstart that will be hard to catch up to. And just as Vivek Ramaswamy has mentioned, she will have to be more explicit about her stance on the crypto industry. Well, is an enemy you know not better than a friend you don’t?
Kataryna Habeliia
Disclaimer: All materials on this site are for informational purposes only. None of the material should be interpreted as investment advice. Please note that despite the nature of much of the material created and hosted on this website, HODL FM is not a financial reference resource and the opinions of authors and other contributors are their own and should not be taken as financial advice. If you require advice of this sort, HODL FM strongly recommends contacting a qualified industry professional.
