As the Presidential election nears, Vice President Kamala Harris and former President Donald Trump are issuing stances on everything from the environment to finances. When it comes time to weigh the credibility of those statements, the founder and CEO of decentralized telecommunications network Chirp urges voters to consider actions more than words, especially when it comes to crypto.
Tim Kravchunovsky said that if the US Treasury Department doesn’t think access to digital assets constitutes financial inclusion, Kamala Harris is very unlikely to change their minds.
Even if Trump or Harris want to take a more pro-crypto stance, they will both likely face strong opposition, slowing down the rollout of any supportive policies.
“The fact that crypto was barely mentioned in the US Treasury Department’s strategy on financial inclusion highlights the fact that Kamala Harris’s apparent acceptance of digital assets is just smoke and mirrors designed to win over crypto voters,” Kravchunovsky said. “In reality, I would be very surprised if she can change the current administration’s attitude to crypto, given the only time digital assets were mentioned in the Treasury’s report was to highlight their risks.
“Realistically, even Donald Trump will likely come up against strong opposition if he attempts to push through pro-crypto policies. If he’s elected, we will likely see a shift towards a more supportive stance on crypto, but the industry must be prepared that it will be slow and fraught with setbacks. This is just the way politics works.”
Kravchunovsky said that as the US election draws closer, we must keep reminding ourselves that it’s not politics that holds the key to crypto’s future. It’s all the innovative technology that the industry is building to improve and enhance industries like finance, telecoms, agriculture, and many others.
“This innovation isn’t going anywhere just because a different person is about to take the reins in the US for the next four years,” Kravchunovsky concluded. “So let’s step away from the betting markets and continue focusing on building.”
