The Digital Chamber recently sent a letter to Vice President Kamala Harris, urging her to adopt a forward-looking approach to digital assets and blockchain technology. The Chamber emphasized the immense potential of these technologies for innovation, economic growth, and financial inclusion. Despite key leaders in the Democratic Party showing support for the industry, there is still a perception that the party is anti-crypto. This viewpoint does not align with the party’s progressive and inclusive values, and Harris was urged to take steps to amend this public perception.
Digital assets and blockchain technology have transformative benefits that cannot be ignored. Over 50 million Americans have embraced digital assets as a way to democratize finance, spur innovation, and create new economic opportunities. These technologies are revolutionizing opportunities for key Democratic Party constituencies, with higher adoption rates among Black and Latino Americans and immigrant communities. They are also seen as tools that can enhance transparency, reduce fraud, and create a more inclusive financial system.
The Democratic Party should champion digital assets and blockchain technology to reaffirm US leadership in the global digital economy. By advocating for the inclusion of pro-digital asset language in the party’s platform, Harris can show support for these innovations. It was recommended that Harris select a vice-presidential candidate with expertise in digital asset policy, such as Colorado Governor Jared Polis. Engaging in dialogue with leaders in the digital asset and blockchain industry is also crucial for discussing policies that support and nurture these technologies while ensuring consumer protection and financial stability.
Embracing digital assets and blockchain technology is vital for the future of innovation, economic growth, and financial inclusion. The Democratic Party must take a proactive approach to support these technologies and showcase their benefits to the American people. By adopting a forward-looking strategy, Harris can demonstrate the party’s commitment to progress and inclusivity in the ever-evolving digital landscape.
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