U.S. Vice President Kamala Harris made her first public statement on cryptocurrencies during her presidential campaign, expressing cautious support for digital assets. Speaking at a Wall Street fundraiser, Harris highlighted the importance of consumer protection while advocating for a balanced approach to innovation in technologies like AI and digital assets. She emphasized the need for a safe business environment with clear regulations to promote innovation while safeguarding investors.
This is Harris's first public comment on crypto since becoming the Democratic frontrunner. Industry reactions have been mixed; Coinbase's policy chief, Faryar Shirzad, appreciated her acknowledgment of digital assets but noted that her stance is less assertive compared to Donald Trumpâs. Other industry leaders, including those from Paradigm and Variant, view her remarks as a positive step but are keen to see more detailed policy proposals on balancing innovation with consumer protection.
DODO is a decentralized finance (DeFi) project aimed at improving the limitations of decentralized exchanges (DEXs). It introduces a Proactive Market Maker (PMM) system as an alternative to Automated Market Makers (AMMs), which are commonly used by platforms like Uniswap. DODOâs PMM focuses on solving liquidity inefficiencies and reducing slippage, issues often faced in AMMs. By adjusting buy and sell orders to market prices, and utilizing oracles for real-time data, DODO creates a more efficient trading environment.
DODO launched in August 2020 and quickly gained support, raising $600,000 in seed funding and an additional $5 million from Binance Labs, Pantera Capital, and other big investors. Its native token, DODO, is used for governance, staking, and earning rewards. The token saw its peak price in February 2021 but faced a $3.8 million hack in March. Despite this, DODO has shown resilience in the market, and its innovative approach continues to attract attention in the DeFi space.
