Stand With Crypto's lobbying group has recently changed its stance on Vice President Kamala Harris, retracting her classification as a politician who supports cryptocurrencies.
Position Reconsidered
This decision follows strong criticism after the group gave Harris a 'B' grade for her crypto support based on a recent statement. On September 22, during her campaign, Harris said, 'We will encourage innovative technologies like AI and digital assets while protecting our consumers and investors.' This comment led Stand With Crypto to initially rate her as somewhat supportive of cryptocurrency.
Criticism of New Criteria
Despite the changes, some critics argue that the new criteria do not go far enough. Wayne Vaughan, founder of Tierion, suggested that Harris’s score should indicate a lack of support for crypto, pointing out that her administration is seen as the most anti-crypto in U.S. history. Others, like Tom Shaughnessy of Delphi Digital, expressed that Harris’s vague statement was not sufficient to warrant a positive score.
Donald Trump Rating
In contrast, Stand With Crypto labeled former President Donald Trump as a 'strong supporter of crypto,' basing this on his social media posts promoting NFT collections and reports about his crypto earnings. Notably, the group did not weigh heavily on Trump’s previous negative comments about cryptocurrencies, including a 2019 remark calling Bitcoin’s value 'based on thin air.'
The revision of Stand With Crypto's stance on Kamala Harris has sparked discussions, but it remains clear that the criteria for evaluating politicians' support for cryptocurrencies still need refinement.
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