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

Bitcoin Core Release Candidate Fixes SQL Connection Pool Deadlock

The latest release candidate addresses a deadlock issue in the SQL connection pool, crucial for node reliability.

user avatarElias Mukuru

Bitcoin Core's October 22 Release Candidate Enhances Wallet Security

The October 22 release candidate of Bitcoin Core introduces important changes to enhance wallet security by bounding fee estimates.

user avatarDiego Alvarez

Solana Launches Create for Branded Yield-Bearing Tokens

On October 22, Solana launched Create, a platform designed to simplify the issuance of branded yield-bearing tokens.

user avatarKenji Takahashi

Key Themes and Expectations for Ripple's Upcoming Conference

Key themes for Ripple's upcoming conference include payments, tokenization, stablecoins, and XRP utility, aiming to provide insights into financial relationships and technical settlement processes.

user avatarGustavo Mendoza

World Discusses Challenges in Transaction Risk Screening

World discusses the complexities of transaction risk screening, highlighting the need for thorough verification of participants and payment destinations.

user avatarRajesh Kumar

Ripple's Swell and Apex Conference Scheduled for October

Ripple's Swell conference is scheduled for October 27-29 in New York, merging with the Apex developer gathering to discuss payments, tokenization, stablecoins, and XRP utility.

user avatarMaria Fernandez

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.