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Pro-Bitcoin advocate Nic Carter believes Vice President Kamala Harris can win the support of the crypto community if she takes decisive actions, starting with ending Choke Point 2.0.
Is Kamala Harris Interested in the US Crypto Landscape?
Popular venture capitalist Nic Carter has outlined ten actions that Kamala Harris can take to gain the backing of crypto enthusiasts.
Firstly, he advises her to unequivocally end Choke Point 2.0, an initiative where U.S. regulators restrict banking services to digital asset firms, effectively de-banking the crypto market. Carter, a long-time critic of this policy, emphasizes its abolition as a crucial step.
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Next, Carter encourages Harris to repeal the SEC Staff Accounting Bulletin No. 121 (SAB 121), echoing a motion introduced in February by Reps. Mike Flood and Wiley Nickel. Additionally, he urges Harris to rein in the SEC, end the regime of regulatory opacity, stop harassing Bitcoin (BTC) miners for purchasing energy, and indicate openness to stablecoin and market structure bills.
Carter also suggests stopping the stonewalling of new master accounts for crypto banks, ending the soft prohibition on banks handling crypto and stablecoins, and dropping frivolous SEC cases against crypto firms like Coinbase.
Implementing these actions, Carter believes, could put Harris in the good graces of crypto enthusiasts.
Crypto Takes Front Stage in US Elections
The crypto community and digital asset service providers seek more security and clarity than Nic Carter’s proposals alone offer. Many crypto enthusiasts are also calling for the removal of Gary Gensler as Chairman of the SEC. However, Carter’s ten points could be a starting point for Harris to mend bridges with the crypto community.
The US presidential race has seen crypto becoming a significant political battleground, with candidates emphasizing their crypto stances. Independent presidential candidate Robert F. Kennedy Jr. highlighted his Bitcoin investments during the 2024 Bitcoin Conference, stating that more than half of his wealth is in BTC.
Similarly, Donald Trump is actively seeking crypto donations, reflecting his pro-Bitcoin stance. His fundraiser, with a target of $100 million, has reportedly raised between $30 million and $50 million so far.
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