What Kamala Harris's Crypto Outreach Could Mean For Future US Regulations: 'Policy Should Rise Above Partisan Politics'

Zinger Key Points
  • Industry insider sees Harris' engagement with crypto community as potential for balanced policies.
  • Hope for bipartisan approach and growth.

One industry insider says Vice President Kamala Harris' recent engagement with the cryptocurrency community could herald a change in U.S. crypto policy. In an exclusive interview with Benzinga, Igor Telyatnikov, CEO of AlphaPoint, shared his views on this development, suggesting it reflects a growing recognition of the sector’s economic potential.

Harris On Crypto

Harris's increasing engagement with the crypto sector suggests recognizing its potential for economic growth. This move contrasts sharply with the current SEC’s more aggressive stance, which has been criticized for its lack of clarity and overly stringent regulations. Telyatnikov noted, “The crypto industry is encouraged by Vice President Kamala Harris's engagement with the community, signaling a potential shift towards well-considered, pro-crypto policies.”

Practical Policy Shift

The potential change in Harris’s approach could lead to the development of more balanced regulatory frameworks. These frameworks would aim to protect consumers while fostering industry growth. Telyatnikov envisions policies that could spur public-private partnerships, drive innovation, and ensure that the U.S. remains a leading hub for cryptocurrency activities.

“Clearer regulations would incentivize crypto developers, entrepreneurs, and service providers to operate in the U.S.,” he said.

Hopes for Non-Partisan Crypto Policies

Telyatnikov hopes for a bipartisan approach to crypto policy that transcends political divisions. Such an approach would promote progress within the industry, increase public trust, and contribute to a favorable market environment.

“A pro-crypto policy should rise above partisan politics, bringing leaders together to drive innovation and growth,” he emphasized.

Hopes for Non-Partisan Crypto Policies

These discussions come ahead of the upcoming Benzinga’s Future of Digital Assets event on Nov. 19 in NYC. Reba Beeson from AlphaPoint will represent the company at the event and provide further insights into these developments.

The event will bring together digital asset companies and institutional investors for a day of networking, featuring over 1,000 capital markets leaders and 4,000 one-on-one meetings. This gathering aims to explore the evolving field of alternative asset classes and foster connections within the industry.

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