Cryptocurrencies Excluded from the 2024 Democratic Party Platform

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  1. Overview of the 2024 Democratic Party Platform
  2. Harris Campaign Promises Under Scrutiny
  3. Potential Changes Before the Election


    4. Contrary to weeks of messaging from the Harris-Walz 2024 presidential campaign and senior Democrat officials promising a crypto ‘reset’, the 2024 Democrat Party platform made no mention of cryptocurrencies or digital asset policy.

    Overview of the 2024 Democratic Party Platform

    The 91-page party platform touched on everything from 'corporate greed,' housing, and education to US foreign policy and geostrategic power. Cost-cutting was a recurring theme in the lengthy document, yet nowhere in the party platform were solutions to tackle the core issue of rising costs due to monetary debasement or austerity measures to control the spending of the US government.

    Harris Campaign Promises Under Scrutiny

    Promises by the Harris campaign to reverse the crypto policies under the Biden administration have been met with suspicion from industry executives and crypto investors. Fred Thiel, CEO of MARA, stated that he did not expect to see any mention of Bitcoin in the Harris platform and noted that the Bitcoin mining giant might consider opportunities outside of the United States depending on the outcome of the 2024 presidential election.

    Senator Chuck Schumer promised voters pro-crypto policies if Kamala Harris was elected President in November.Chuck Schumer

    Potential Changes Before the Election

    The Democratic Party will vote on finalizing its 2024 platform on Aug. 19, 2024. Experts believe the platform will likely be passed exactly as written, but there is a chance that Harris and the Democratic Party may change their tune on digital assets. Former Republican presidential candidate Vivek Ramaswamy believes the Harris campaign might pivot on crypto, even if only through rhetoric and campaign promises, to attract single-issue crypto voters.

    The absence of cryptocurrency mentions in the Democratic Party platform raises questions about their future stance on these innovations. It remains to be seen how their position might change leading up to and after the election.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Circle Releases Technical Guidance for ERC20 Transfers Using CCTP

Circle has published a developer guide detailing how issuers can utilize its CrossChain Transfer Protocol (CCTP) for ERC20 assets beyond USDC.

user avatarAyman Ben Youssef

Curve Finance Launches StableSwap on Stellar Mainnet

Curve Finance has launched its StableSwap system on the Stellar mainnet, marking its first native deployment outside the Ethereum ecosystem.

user avatarTando Nkube

Ondo Finance Introduces Tokenized Investment Portfolios on Solana

Ondo Finance has launched seven investment portfolio tokens on the Solana blockchain for eligible investors outside the US, providing managed exposure to tokenized equities and ETFs.

user avatarKofi Adjeman

Market Implications of Aave's Tokenized Equity Lending Explored

A case study on the market implications of borrowing against tokenized equities following the launch of Aave's V4s Equities Hub, highlighting market liquidity and associated risks.

user avatarNguyen Van Long

Aave Launches V4s Equities Hub for Non-US Investors

Aave has launched its V4s Equities Hub, allowing eligible non-US investors to borrow USDC against selected tokenized US equities.

user avatarSatoshi Nakamura

Polygon Labs Launches New Payment Controls for AI-Agent Transactions

Polygon Labs has launched new payment controls for AI-agent transactions, allowing automated agents to make purchases within defined parameters while managing associated risks.

user avatarRajesh Kumar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.