• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

No Mention of Crypto at Democratic Party Convention

user avatar

by Giorgi Kostiuk

a year ago


  1. Convention Kickoff and Lack of Crypto Mention
  2. Reactions and Expectations
  3. Conclusion and Outlook

  4. The 2024 Democratic National Convention kicked off in Chicago yesterday, formally confirming Kamala Harris as the party's presidential nominee. However, critical aspects regarding crypto were not addressed.

    Convention Kickoff and Lack of Crypto Mention

    The Democratic National Convention began yesterday in Chicago with high expectations around the mention of digital assets. Despite the presence of figures such as Joe Biden and Hillary Clinton, cryptocurrencies were overlooked. The 92-page official document outlining the party's priorities for the next four years made no mention of crypto.

    Reactions and Expectations

    The absence of crypto mentions disappointed many industry supporters. Some hoped the Democratic Party would adopt more open positions compared to Joe Biden's strict regulatory policies. Senate Majority Leader Chuck Schumer confirmed on Wednesday that a crypto regulation bill could be passed by the end of the year. However, crypto was not officially acknowledged in the party's plan.

    The 2024 Democratic Platform released. Zero mentions of crypto. If Harris is serious about a reset, this is a missed opportunity.Alexander Grieve

    Conclusion and Outlook

    With the remaining days of the convention, it is unlikely that crypto topics will receive significant attention. However, the situation could change at any moment given the unpredictability of the current political race. The importance of the cryptocurrency industry to many voters remains debatable, especially amid global conflicts, climate change, and economic instability.

    Crypto doesn’t need government handouts to succeed. It needs a non-hostile environment.

    The lack of crypto topics at the 2024 Democratic National Convention raises questions. Whether further policy will take an interest in this topic and adopt more open positions remains to be seen. Meanwhile, the party's current priorities cover many other crucial issues.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Potential Downside Risks for Bitcoin

chest

If Bitcoin fails to hold above the weekly open, it may face deeper downside targets between 70,800 and 69,100.

user avatarLi Weicheng

RippleX Launches Permissioned Domains on XRP Ledger Mainnet

chest

RippleX has launched permissioned domains on the XRP Ledger mainnet, enhancing institutional access to compliant liquidity pools.

user avatarAisha Farooq

Egrag Crypto Warns of Potential Market Risks

chest

Egrag Crypto warns of potential market risks for XRP investors due to external factors like regulatory changes.

user avatarBayarjavkhlan Ganbaatar

Egrag Crypto Offers Guidance for XRP Investors

chest

Egrag Crypto offers guidance for XRP investors on managing emotional and financial resources during market downturns.

user avatarTenzin Dorje

Gemini Exits Canada to Focus on US Market

chest

Gemini, led by the Winklevoss twins, is withdrawing from Canada and other secondary markets to concentrate on the US.

user avatarMohamed Farouk

JPMorgan Faces Scrutiny Over Past Manipulative Conduct

chest

JPMorgan faces scrutiny due to past manipulative conduct, having paid over $920 million for deceptive practices in precious metals futures.

user avatarDiego Alvarez

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.