- The Digital Chamber group wants Kamala Harris to support digital assets
- The advocacy group has requested Harris pick a vice president who understands the industry
- They believe the digital asset industry is creating a “revolutionary shift” that Harris needs to champion
The Digital Chamber has written a letter to Vice President Kamala Harris calling on her to support the digital asset industry, arguing that it holds “immense potential for innovation, economic growth, and financial inclusion.”
In a letter dated July 22, the crypto advocacy group included three requests to Harris. These were to promote the inclusion of pro-digital asset language within the Democratic Party, choose a Vice President candidate who understands the digital asset industry, such as Colorado Governor Jared Polis, and engage with industry leaders.
According to the Digital Chamber, Democratic leaders including Speaker Emerita Nancy Pelosi and Senate Majority Leader Chuck Schumer support pro-crypto legislation. However, due to the Biden and Harris administration, the public view is that the Democratic Party holds a negative stance on digital assets.
In June, it was reported that President Joe Biden had vetoed a bill aimed at overturning SEC crypto accounting standards. Many in the crypto community argued it was a setback for innovation and financial inclusion.
“We believe this previous hostility does not reflect the progressive and inclusive values of your Party,” the group wrote, adding that over 50 million Americans have embraced digital assets.
Champion Innovation
Highlighting the “revolutionary shift,” digital assets can “enhance transparency, reduce fraud, and create a more inclusive financial system,” the Digital Chamber wrote.
The advocacy group is urging the Harris administration to “champion these innovations to help reaffirm the US’ position as the leader in the global digital economy.
Following the news that Biden won’t be seeking re-election this year, Harris was endorsed as his potential successor.
Since then, Harris meme tokens have jumped in value. For instance, the Solana-based memecoin KAMA increased by more than 60% in 24 hours to $0.02512, according to CoinMarketCap.
Harris has yet to comment on her position on crypto; however, the Digital Chamber ended their letter stating that they are “hopeful” that through Harris’ leadership, “the Democratic Party can pivot towards a more supportive stance on digital assets.”