Circle’s CEO, Jeremy Allaire, has emphasized the need for a definitive stance on cryptocurrency from Kamala Harris, the Democratic presidential nominee.
In a recent interview with CNBC, Allaire highlighted that the crypto sector is eager for Harris to clarify her position on digital assets.
Allaire pointed out that both the current Administration and Harris’s campaign have been actively engaging with the crypto industry to understand its dynamics and challenges.
He stressed that the industry is seeking explicit policy statements from Harris and the White House regarding digital assets.
He criticized the current Administration for its earlier skepticism towards crypto, which he believes led to the loss of American jobs and increased costs for domestic businesses.
Allaire noted that while there has been a recent shift towards bipartisan efforts to create comprehensive crypto legislation, it remains uncertain if these actions are timely enough to address the industry’s needs.
According to crypto analytics firm Santiment, the decentralized oracle network Chainlink (LINK) leads all ERC-20 projects in development activity.
Vice President Kamala Harris, the Democratic candidate for the upcoming presidential election in November, recently spoke at a Wall Street fundraiser where she addressed the cryptocurrency industry for the first time.
Donors from Wall Street, Silicon Valley, and Hollywood played a key role in helping Vice President Kamala Harris’ fundraising efforts in August, giving Democrats a financial advantage over Donald Trump on the cusp of the run-off election.
Pro-XRP attorney John Deaton, who has secured the Republican nomination for a Massachusetts Senate seat, will face off against Democratic Senator Elizabeth Warren in a highly anticipated debate on October 15, 2024.