Kamala Harris is reportedly engaging with major cryptocurrency firms to address her party's previous skepticism towards the industry.
According to the Financial Times, Harris’s team has reached out to leading crypto companies such as Coinbase, Ripple Labs, and Circle. However, while Harris’s office, Coinbase, and Ripple have all declined to comment, Circle has not responded to inquiries from the Financial Times.
A source close to Harris’s campaign revealed that the vice president aims to convey that the Democratic Party now supports “pro-business, responsible business” practices. This outreach reflects a shift from the party’s earlier stance on cryptocurrency.
In contrast, Republican candidate Donald Trump has embraced a pro-crypto position, actively seeking the support of cryptocurrency advocates. At the Bitcoin2024 conference in Nashville, Trump vowed to dismiss SEC Chair Gary Gensler and reverse regulations that hinder the use of digital assets.
He also promised to stop selling the U.S. government’s seized Bitcoin and instead hold it strategically as an investment.
Trump’s vision includes making the U.S. a global leader in cryptocurrency, emphasizing a policy to retain all Bitcoin held or acquired by the government. He envisions this approach as central to creating a national Bitcoin reserve and positioning the U.S. as a dominant force in the crypto world.
Ethereum co-founder Vitalik Buterin has voiced concerns over the rise of zero-knowledge (ZK) digital identity projects, specifically warning that systems like World — formerly Worldcoin and backed by OpenAI’s Sam Altman — could undermine pseudonymity in the digital world.
A new report by the European Central Bank (ECB) reveals that digital payment methods continue to gain ground across the euro area, though cash remains a vital part of the consumer payment landscape — particularly for small-value transactions and person-to-person (P2P) payments.
Geopolitical conflict rattles markets, but history shows panic selling crypto in response is usually the wrong move.
Bitcoin-focused investment firm Strategy Inc. (formerly MicroStrategy) is facing mounting legal pressure as at least five law firms have filed class-action lawsuits over the company’s $6 billion in unrealized Bitcoin losses.