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.
China has fired back at the U.S. with its own set of tariffs, marking another chapter in the escalating global trade conflict that began with President Donald Trump’s tariff announcement on April 2.
Bitcoin has once again demonstrated its resilience in the face of a turbulent market, outperforming the Nasdaq 100 index since the start of the year.
Bitcoin startup funding has seen a notable surge in early-stage investments, with pre-seed rounds increasing significantly since 2021.
Genius Group, a Singapore-based AI firm, has hit a legal snag in its plans to expand its Bitcoin treasury.