🚨 Tom Emmer: Harris's Treasury pick could cause an "economic disaster"!
📢 Let's talk about a hot topic about US politics and cryptocurrency! If Vice Presidential candidate Kamala Harris wins the November election, she may choose someone who is not very friendly to cryptocurrency as Treasury Secretary. This is definitely a big deal that the cryptocurrency community cannot ignore!
🗣️ Recently, there have been more and more rumors in Washington that Harris may nominate SEC Chairman Gary Gensler for re-election, and more worryingly, Senator Elizabeth Warren may take this important position. Minnesota Congressman Tom Emmer said in an interview with the media that this would be an "economic disaster."
📊 Emmer, a congressman who opposes central bank digital currencies (CBDCs) and supports cryptocurrency, did not have a friendly evaluation of Gensler. He said Gensler "has been filing lawsuits everywhere and has failed everywhere", but he "needs to move on because his government career is over."
🔍 Some senior Republican Senate staffers expect the GOP to unify against Gensler's reelection, but if Harris does defeat Trump, Gensler is likely to still receive broad Democratic support.
🔄 There are also rumors that Gensler may resign as SEC chairman so that the Biden administration can nominate a new chairman before the November election. One possible candidate is Carolyn Crenshaw, who is also pro-banking and anti-cryptocurrency.
🏁 Ethereum advocate Ryan Sean Adams and founder of Bankless said on social media X that if this comes true, it would basically be the end of cryptocurrency in the United States. He also added that because we haven't heard anything from Harris, we can't completely rule out this possibility.
📜 Finally, the Democratic National Committee released its 2024 party platform, but cryptocurrency is not mentioned once in it. This has caused some people to begin to wonder if these rumors about Gensler's resignation are true.
🤔 What do you think about this? What impact do you think Harris's choice will have on the cryptocurrency market? Leave your thoughts in the comments section!
