The Democratic National Convention (DNC) this week did not feature any discussions on Bitcoin or crypto assets, but some high-ranking Democrats hinted at a more pro-Bitcoin and pro-crypto stance under a Harris administration. Congressman Wiley Nickel spoke about potential differences in approach between Harris and Biden on crypto policy. Vice President Harris is reportedly planning policies to support the crypto industry if elected, though specifics were not provided.
At satellite events for the convention, pro-Bitcoin and pro-crypto Democrats spoke passionately about the importance of embracing digital assets. Cleve Mesidor emphasized the significance of financial inclusion in the crypto industry, particularly for communities of color. New York Assemblyman Clyde Vanel shared his positive experiences with crypto and highlighted its benefits for his constituents.
Despite these discussions, some remain skeptical about the Democrats’ true intentions regarding Bitcoin and crypto. The Biden administration’s past regulatory approach to the industry has left many questioning whether the proposed shift in stance is genuine. It remains to be seen whether Democrats will follow through on their promises to support the crypto industry under a potential Harris administration.
