Harris has officially been nominated as the Democratic presidential candidate and has picked a latent crypto-skeptic, Minnesota Governor Tim Walz, as her vice-presidential running mate. CNN reports, citing a source, that Harris told Walz in a phone call that they were "underdogs" in this election.
Despite the fact that crypto media outlets, among others, write that Walz has not spoken out about cryptocurrencies, this is not entirely true.
Walz has a strict regulatory stance on cryptocurrencies. While he has not made public statements about digital assets, his actions as governor indicate support for increased regulation of the crypto market.
Walz advocates for stricter regulations to ensure the security of the financial system and protect consumers from potential fraud and abuse in the crypto market. This includes regulating self-service cryptocurrency terminals in Minnesota.
Walz also does not support the use of cryptocurrencies as a means of exchange, but is open to international crypto transactions and does not advocate a complete ban on such actions. His approach, publicly, is focused on protecting the interests of consumers and maintaining market transparency. How freely these goals can be interpreted - the same Gary Gensler shows well today.
Walz's selection as a potential vice president could signal a possible tightening of US regulatory policy on cryptocurrencies in the future, given his penchant for stricter regulatory frameworks.
Interestingly, among the candidates for deputy prime minister was Pennsylvania Governor Josh Shapiro, who was more open to supporting the industry. In particular, by providing tax breaks for companies engaged in Bitcoin mining. He was the favorite candidate among representatives of the crypto industry.
Moreover, yesterday #Reuters, citing its sources, wrote that Harris was choosing between Shapiro and Walz.
#FOX Business crypto journalist Eleanor Terrett reports today that Harris' campaign will meet with "crypto industry leaders" on Thursday, a meeting that had previously been postponed.
I wonder what the Harris campaign has to offer them. It certainly isn't a crypto-friendly vice president.
