• 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

2 years 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

Bitcoin ETF Inflows Surge Amid Improved Macro Sentiment

chest

Bitcoin ETFs recorded significant net inflows of $1.323 million on July 17, indicating renewed demand for Bitcoin through regulated investment products.

user avatarBayarjavkhlan Ganbaatar

Polymarket Predicts Fed Rate Hold with 94% Probability

chest

Traders on Polymarket are pricing in a 94% chance that the Federal Reserve will hold interest rates steady at its upcoming July meeting, following softer inflation data.

user avatarBayarjavkhlan Ganbaatar

BitMine Immersion Technologies Expands Ethereum Treasury

chest

BitMine Immersion Technologies has acquired 42,197 ETH for approximately $73 million to expand its Ethereum treasury, but its stock price fell, indicating cautious sentiment among equity investors.

user avatarMohamed Farouk

Hacker Returns 1,122 ETH to Trusted Volumes After Exploit

chest

A hacker linked to the Trusted Volumes exploit has returned a portion of the stolen funds, amounting to 1,122 ETH, following a multimillion-dollar security incident earlier this year.

user avatarElias Mukuru

Ethereum's Price Stalls Amid ETF Optimism and Regulatory Uncertainty

chest

Ethereum's price rebound has stalled as traders assess the impact of ETF optimism against a backdrop of regulatory uncertainty and weaker risk appetite in the crypto market.

user avatarDiego Alvarez

SEC to Focus on DeFi Safe Harbors in New Regulations

chest

The SEC's proposed regulations will focus on creating safe harbors for decentralized finance (DeFi), a complex area for regulators.

user avatarKenji Takahashi

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.