Industry Leaders Emphasize Bipartisan Cooperation in Cryptocurrency Sector
On July 25th, former White House Communications Director Anthony Scaramucci highlighted the importance of bipartisan cooperation in the cryptocurrency sector. Scaramucci emphasized the need for a long-term perspective, stating that Vice President Kamala Harris has shown support for the industry and hinted at significant changes under her administration.
Vice President Harris’s Approach to Cryptocurrency
Scaramucci noted that Harris has maintained an open attitude towards cryptocurrencies and has not dictated policies on the matter within the Biden administration. He also mentioned potential changes in personnel, speculating that Gary Gensler could be replaced, with Elizabeth Warren assuming a significant role in financial services under Harris. Scaramucci advocated for bipartisan collaboration in the cryptocurrency space for a healthier ecosystem in the long run.
Ripple CEO Brad Garlinghouse echoed Scaramucci’s sentiments regarding Harris’s potential cryptocurrency policies. Garlinghouse advised against solely judging candidates based on party affiliations and stressed the importance of policy proposals. He highlighted Harris’s Silicon Valley background as a potential asset for beneficial cryptocurrency regulation that could enhance America’s competitiveness in the global market.
However, Garlinghouse cautioned against getting too close to Senator Elizabeth Warren, who has shown skepticism towards cryptocurrencies. Adam Cochran, a partner at Cinneamhain Ventures, criticized the cryptocurrency community’s attacks on Democratic officials despite their efforts to engage with the industry. Cochran emphasized the importance of collaborating with anyone proposing constructive cryptocurrency policies, regardless of political affiliation.
Several industry figures, including the CEO of Ripple, have called for advancing bipartisan cooperation in the cryptocurrency sector. They believe that working together across party lines is essential for the continued growth and success of the industry.
