The Federal Reserve’s recent directive to Customers Bank has sparked skepticism about Vice President Kamala Harris’ presidential campaign and its stance on the crypto industry. Tyler Winklevoss, co-founder of Gemini, criticized the move, calling it a continuation of Operation Choke Point 2.0 and labeling the Harris crypto ‘reset’ as a scam.
Winklevoss highlighted the limited number of crypto-friendly banks in the US and criticized the centralized decision-making power of the Federal Reserve. Charles Hoskinson, founder of Cardano, echoed these sentiments, suggesting that the Biden administration’s anti-crypto stance could persist under a Harris presidency.
The closure of several crypto-friendly banks under the Biden administration in 2023 further adds to the skepticism surrounding the Harris campaign’s intentions towards the crypto industry. The ongoing tensions between the government and crypto, exacerbated by the Federal Reserve’s actions, raise concerns about the future of crypto regulation under a Harris administration.
