The crypto community has been voicing diverse opinions following Kamala Harris‘s choice of Tim Walz (D-Minn.) as her running mate.
What Happened: While neither Harris nor Walz has publicly shared their perspective on cryptocurrencies such as Bitcoin BTC/USD and Ethereum ETH/USD, some investors are hopeful for them to do so sooner.
“This is an opportunity for them, but the window is closing fast. At this point we need to see words and action. Silence is complicity,” wrote a crypto investor Ryan Sean Adams.
Some crypto enthusiasts have pointed to Walz’s regulatory history. According to the American Association of Retired Persons, Walz was instrumental in the implementation of a law in Minnesota to bolster the regulation of cryptocurrency kiosks, aimed at mitigating crypto theft.
However, not all are hopeful about Walz’s regulatory approach. Investor Erik Finman labeled Walz as the “WORST pick for Bitcoin,” alleging that Walz does not acknowledge cryptocurrency as a valid form of payment.
Benzinga could not independently confirm Finman’s claims.
Editorial director of The Digital Commonwealth, Darren Parkin, also highlighted that Walz is “a stickler for regulation,” keeping the inference hanging in the air.
Governor Walz’s campaign has yet to respond to Benzinga’s queries.
Why It Matters: Billionaire entrepreneur Mark Cuban expressed his belief that Walz could experience a rise in popularity similar to Harris, as voters grow weary of party ideologues.
The Official Monetary and Financial Institutions Forum (OMFIF) had earlier suggested that Harris and the Democratic Party must urgently develop a comprehensive crypto agenda to compete with Republicans, particularly former President Donald Trump, who has a pro-Bitcoin stance.
However, some industry experts remain skeptical about Harris' recent outreach to the cryptocurrency community. Grant Cardone, CEO of Cardone Capital, dismissed them as political maneuvering, stating that Harris has had no shift toward the crypto industry.
Read Next:
Disclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.
Image via Flickr/ MN Senate DFL
© 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.
