The post Crypto Lobby Group Revises Kamala Harris’ Digital Asset Support Rating After Backlash appeared on BitcoinEthereumNews.com.

A digital asset lobby group backed by Coinbase, Stand With Crypto, has been forced to change its crypto-friendly ranking of Democratic presidential candidate Kamala Harris. The group, which runs a website that ranks the level of support U.S. politicians have shown for crypto, had characterized Harris as “Supports Crypto,” giving her a “B” grade. Group Deemed Harris’ New York Remarks Supportive of Crypto The ranking followed remarks the Vice President made on September 22 at a New York fundraiser. She said she would encourage innovative technologies, including artificial intelligence and digital assets. She also promised to cut unnecessary bureaucracy, which many feel has been a hallmark of crypto regulation in the United States. Stand With Crypto determined that the statement was “somewhat supportive” of the industry and upgraded Harris’ card on its website, giving it the second highest grade achievable. For context, the same website has given Donald Trump an “A” grade, signifying him as being “strongly supportive” of digital assets. The Republican flagbearer has reportedly made at least 21 statements on crypto compared to just one made by his opponent in the U.S. presidential race. While Stand With Crypto hailed the fact that the candidates were weighing in on crypto as a win, many in the community felt Harris did not deserve such a high grade. Bitcoin enthusiast Wayne Vaughan referred to the Democratic candidate’s single submission on crypto as “neutral.” He further decried what he termed as the Biden-Harris administration’s history of open hostility to crypto, suggesting it should have earned the VP an “F” at best. Michael Cairo, a lawyer at crypto-native boutique firm Horizons Law and Consulting, accused Stand With Crypto of “blowing” its leverage and acting like the 59-year-old California native supported the industry when all she had in her resume was “a vague statement…

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Filed under: News - @ September 28, 2024 9:23 pm