Vice President Kamala Harris will not be attending or speaking at the upcoming Bitcoin 2024 conference, according to David Bailey, CEO of BTC Inc., the company organizing the event.
What Happened:This decision has sparked controversy and debate within the cryptocurrency community, highlighting the complex relationship between the current administration and the digital asset industry.
Bailey took to social media to express his thoughts on the matter, stating, “No surprise. What can she say to us when she’s actively imprisoning developers, forcing our industry overseas, attacking Proof of Work… it would have been a disaster for her.”
He further alleged that a major Democratic donor had privately informed him that Harris refers to Bitcoin BTC/USD as “money for criminals.”
“I'm sorry, but you don't get to just screw our industry over for 4 years, push operation choke point, enlist Gensler and Warren as your Champions, and then just pretend you're hip with Bitcoin. Major democrat donor told me Kamala says privately "Bitcoin is money for criminal,” he said.
Gemini co-founder Cameron Winklevoss criticized the administration’s approach, asserting that they “didn’t ignore crypto” or “laugh at crypto,” but instead “tried to fight and kill crypto.”
Also Read: Ferrari Revs Up Crypto Payments In Europe, Expanding On US Success
Winklevoss called for demonstrable good faith actions from the administration, including firing SEC Chair Gary Gensler and ending what he termed “Operation Chokepoint 2.0.”
Nic Carter, general partner at Castle Island Ventures, weighed in on the political dynamics surrounding cryptocurrency, suggesting that the notion of crypto being nonpartisan is misleading.
He argued that efforts would be better spent supporting allies rather than attempting to appease perceived adversaries.
Meanwhile, all eyes have turned to former President Donald Trump, who is scheduled to speak at the Bitcoin 2024 conference in Nashville.
The anticipation surrounding Trump’s appearance has led 10x Research to caution traders against shorting Bitcoin ahead of the event.
The research firm’s report suggests that Bitcoin’s current trading level near its previous bull market all-time high of $68,300 could be a pivotal point, potentially triggering a significant price movement.
What’s Next: For further insights and discussions on the future of digital assets, attend Benzinga’s Future of Digital Assets event on November 19, where industry leaders will delve into the evolving landscape of cryptocurrencies and blockchain technology.
Read Next:
Image: Shutterstock
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
