• 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

Crypto Investment Funds Face Continued Outflows Amid Market Slowdown

chest

Crypto investment funds have faced a fifth consecutive week of net outflows, totaling approximately $4 billion over five weeks, with a significant decline in trading activity.

user avatarAyman Ben Youssef

Blockchain Association Unveils New Tax Principles for Digital Assets

chest

The Blockchain Association has introduced a framework to guide lawmakers on digital asset taxation as discussions around the CLARITY Act continue.

user avatarSon Min-ho

Market Leverage Ratio Declines, Indicating Reduced Speculative Positioning

chest

The Estimated Leverage Ratio in the crypto derivatives market has sharply declined, suggesting a reduction in speculative positioning and a calmer market environment.

user avatarTando Nkube

Castle Labs Warns of Overbuilt Crypto Market

chest

Castle Labs warns that the cryptocurrency market is overbuilt, with most tokens likely to lose value unless they demonstrate real business traction.

user avatarKofi Adjeman

Bitcoin Mining Difficulty Rebounds, Indicating Network Resilience

chest

Bitcoin mining difficulty has rebounded after a brief dip, indicating renewed miner participation and confidence in Bitcoin's long-term viability.

user avatarNguyen Van Long

Jameson Lopp Raises Alarm Over BIP110's Risks

chest

Jameson Lopp escalates his criticism of the BIP110 proposal, warning it could lead to a disruptive Bitcoin chain split.

user avatarSatoshi Nakamura

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.