Kamala Harris and the Crypto Landscape: A Nic Carter Perspective
The 2024 US presidential election is heating up, with crypto becoming a central talking point. While various candidates have expressed their pro-crypto stances, Vice President Kamala Harris has been seen as less crypto-friendly. However, venture capitalist Nic Carter believes she can still win over the crypto community.
Nic Carter’s Recommendations for Kamala Harris
Nic Carter outlined ten key actions he believes Kamala Harris should take to bridge the gap with crypto enthusiasts:
- Unequivocally end Choke Point 2.0: This initiative has been criticized for restricting banking services to crypto firms, making it harder for them to operate.
- Repeal SAB 121: This accounting bulletin is seen as burdensome for crypto companies.
- Rein in the SEC: Carter advocates for more transparent and reasonable regulations from the SEC.
- End the regulatory opacity: He believes clearer guidelines are needed for the crypto industry.
- Stop harassing Bitcoin miners: Carter believes that miners should not be targeted for their energy consumption.
- Show openness to stablecoin and market structure bills: Harris should consider legislation that addresses issues related to stablecoins and market structure.
- Stop stonewalling new master accounts for crypto banks: Harris should facilitate the creation of new banking accounts for crypto firms.
- End the soft prohibition on banks touching crypto/stables: Banks should be allowed to work with crypto and stablecoin businesses.
- Drop frivolous SEC cases against crypto firms: The SEC’s lawsuits against firms like Coinbase have been criticized as overly aggressive.
Carter believes that implementing these actions would signal a more positive and supportive approach towards crypto, potentially winning over crypto voters.
It remains to be seen if Harris will adopt these recommendations. However, the crypto community is clearly watching closely, and the outcome could have a significant impact on the future of crypto regulation in the United States.
