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Kamala Harris' Crypto Town Hall Fails to Win Industry Support
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Kamala Harris recently hosted a virtual town hall to gain support from the crypto industry for her potential presidential campaign, but the event fell flat, leaving many disappointed.
Lack of Clarity and Engagement
The 90-minute event, featuring Democratic lawmakers like Chuck Schumer and tech billionaire Mark Cuban, was criticized for the absence of Harris and her campaign staff. Attendees were eager to hear her views on cryptocurrency, especially given the administration’s perceived hostility toward the industry, but were left unsatisfied. Critics like Caitlin Long expressed frustration over the lack of clear policy direction on key issues, such as the de-banking of crypto firms.
Mixed Reactions
With over 1,000 live viewers, reactions were mixed. While some appreciated the attempt to make crypto a bipartisan issue, others felt the event failed to clarify Harris's stance on the industry. Jake Brukhman of CoinFund criticized the format, saying it felt more like lectures than a genuine town hall.
Critical Issues Overlooked
A major point of contention was the lack of discussion on regulatory challenges, particularly the actions of SEC Chair Gary Gensler. This omission fueled concerns that Harris might continue the current administration’s crackdown on crypto if she became president.
Crypto Leaders’ Reactions
The harshest criticism came from the Winklevoss twins, founders of the Gemini exchange, who labeled the event a "clown show." Despite some positive comments from Chuck Schumer on balanced crypto legislation, the overall sentiment was one of skepticism, with industry leaders like Austin Campbell calling for clearer articulation of Harris's position on crypto issues.
