Vice President Kamala Harris needs to add some meat to the bones if she wants to woo cryptocurrency adherents with her words, Chirp founder and CEO Tim Kravchunovsky said this week. Chirp is a decentralized telecommunications network.
Kravchunovsky made the comments after a speech the Democratic presidential nominee made last weekend. While she may have implied she supported crypto, it would help to explain why to lure those who are undecided. He wants to see more specific details of her proposed policies on digital assets, akin to what former President Donald Trump has promised, but notes that both presidential candidates could fail to deliver.
“Over the weekend, Kamala Harris made a speech that briefly mentioned digital assets, and now everyone is beside themselves thinking that she will support crypto innovation,” Kravchunovsky said. “But the reality is that we didn’t hear any details from her on how exactly she plans to offer this support. It seems like she says what people want to hear without a concrete plan behind her words.”
Kravchunovsky instead looks to the SEC’s stance on crypto, implying that it is closely linked to Democratic policy.
“Unless I hear something concrete from Harris, I will take it as hot air,” he said. “Plus, in the past, Hillary Clinton, who remains an influential figure within the Democratic party, has expressed that crypto is a threat to the US dollar. So, who’s to say that the attitude towards digital assets will change under a Harris presidency?
“So far, we have heard much more details from Donald Trump about specific crypto-related policies, such as creating a strategic Bitcoin reserve. I’d like to hear more specifics from the Harris campaign, too. But even if both presidential candidates promise the moon, let’s not forget that it’s politics. There’s no guarantee either of them will truly deliver on their promises.”
Over the summer, Trump spoke at the 2024 Nashville Bitcoin Conference, pledging to establish a strategic Bitcoin reserve. Devere Group CEO Nigel Green called the move a masterstroke.
“This move is not only economically sound but also showcases a forward-thinking approach to the contemporary global financial system,” Green said at the time.
