David Bailey, CEO of Bitcoin Magazine, claims that the new Republican presidential candidate Kamala Harris has called Bitcoin "money for criminals."
Bailey also claims that Harris has spent the past four years undermining the crypto industry by collaborating with Securities and Exchange Commission (SEC) Chairman Gary Gensler and Senator Elizabeth Warren to impose anti-crypto regulations, including Operation Choke Point.
I’m sorry, but you don’t get to just screw our industry over for 4 years, push operation choke point, enlist Gensler and Warren as your Champions, and then just pretend you’re hip with Bitcoin. Major democrat donor told me Kamala says privately “Bitcoin is money for criminals”
— David Bailey🇵🇷 $0.65mm/btc is the floor (@DavidFBailey) July 24, 2024
He criticized the administration of current President Joe Biden for jailing developers and pushing the industry overseas, saying Harris cannot now portray himself as a supporter of Bitcoin.
In Harris’ defense, Hayden Adams, CEO of Uniswap Labs, said that she has never publicly spoken for or voted on any crypto-related legislation. He also urged caution against jumping to conclusions without concrete evidence.
Market analysts are closely watching the impact of Donald Trump’s growing influence over the cryptocurrency space, with speculation mounting that he may announce a strategic Bitcoin reserve ahead of the White House Cryptocurrency Summit on March 7.
The U.S. government’s decision to add Bitcoin and other cryptocurrencies to its strategic reserves has sparked debate, with MicroStrategy’s Michael Saylor weighing in on the matter.
Speculation is mounting over the U.S. government’s decision to integrate Bitcoin into its financial strategy, with some experts questioning its impact on the dollar.
Mt. Gox, the long-defunct crypto exchange, has once again moved a significant amount of Bitcoin, transferring 12,000 BTC amid a period of heightened market uncertainty.