Operation Choke Point 2.0 is undermining Kamala Harris' potential cryptocurrency reset, raising doubts about future U.S. crypto policy under her leadership.
Kamala Harris's potential presidential run has cryptocurrency advocates hoping for change, but recent Federal Reserve actions indicate that the "Choke Point 2.0" policies may persist under her administration. With Democrats struggling to find a clear crypto stance, Harris’ silence on the issue raises concerns about what her presidency would mean for the crypto industry.
Key Points:
Choke Point 2.0 Strikes Again: The Federal Reserve's recent enforcement action against United Texas Bank demonstrates ongoing government efforts to choke off cryptocurrency businesses.
Federal Policies Unchanged: Harris’ campaign has yet to address cryptocurrency, leaving many concerned that she won’t stray far from the current administration’s policies.
Democratic Crypto Silence: While Democrats hope for a reset on crypto policy, Harris and the 2024 Democratic platform remain silent on this issue, in contrast to the Republican stance.
Crypto Crackdown: From the SEC to the Treasury, government agencies have shown a clear pattern of limiting the growth of crypto, raising doubts about Harris’ future approach.
With little to no public stance from Kamala Harris on cryptocurrency and the continuation of policies reminiscent of Operation Choke Point, the crypto industry faces uncertainty. As Republicans take a clear pro-crypto position, Harris' silence and ongoing regulatory actions suggest her administration may not offer the reset many had hoped for.
Source: Cointelegraph
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