• Digital Chamber of Commerce Group Calls on Kamala Harris to Assist Digital Belongings
• Advocacy teams have urged Harris to select a vice chairman who understands the trade.
• They consider the digital asset trade is creating “revolutionary change” and that Harris must drive it.

The Chamber of Digital Commerce despatched a letter to Vice President Kamala Harris urging her to assist the digital property trade, arguing that it has “super potential for innovation, financial development, and monetary inclusion.”

In a letter dated July 22, cryptocurrency advocacy teams despatched Harris three requests: encouraging her to incorporate pro-digital asset language throughout the Democratic Occasion, selecting a operating mate who’s supportive of the digital asset trade, reminiscent of Colorado Governor Jared Polis, and partnering with trade leaders.

In accordance with the Chamber of Digital Commerce, Democratic leaders, together with Speaker Emeritus Nancy Pelosi and Senate Majority Chief Chuck Schumer, assist pro-crypto laws, however public opinion is that the Biden-Harris administration has led Democrats to undertake a unfavorable stance on digital property.

In June, it was reported that President Joe Biden vetoed a invoice aimed toward overturning the SEC's cryptocurrency accounting requirements, which many within the crypto group argued was a setback to innovation and monetary inclusion.

“We consider this previous hostility doesn’t mirror your get together's progressive and inclusive values,” the group wrote, including that greater than 50 million People have embraced digital property.

Driving innovation

Highlighting the “revolutionary change,” the Chamber wrote that digital property can “enhance transparency, cut back fraud, and create a extra inclusive monetary system.”

The advocacy group referred to as on the Harris administration to “advance these improvements to reaffirm America's place as a frontrunner within the world digital financial system.”

Harris was backed as Biden's successor following stories that Biden wouldn’t search reelection this yr.

Since then, Harris meme tokens have skyrocketed in worth. For instance, Solana-based meme coin KAMA rose greater than 60% in 24 hours to $0.02512, in response to CoinMarketCap.

Whereas Harris has but to touch upon her stance on cryptocurrencies, the Chamber of Commerce concluded its letter by saying it’s “hopeful” that by means of Harris’ management “the Democratic Occasion can shift to a extra supportive stance on digital property.”