The Official Monetary and Financial Institutions Forum (OMFIF), an independent financial think tank, has recommended that Harris adopt a crypto-friendly agenda mirroring Trump’s appeal.
The Battle for Crypto Advocates
Trump has already garnered significant support from prominent crypto advocates, while some in the sector. Some are also considering backing Harris but are waiting to hear her position on crypto.
In the meantime, executives are expected to meet with White House officials to discuss concerns and potential policy changes regarding digital assets. This meeting marks the second time crypto industry leaders have engaged with Biden administration officials, highlighting the growing importance of digital currency in national policy discussions.
The U.S. and Global Landscape
Trump’s comments emphasize his primary focus on maintaining the U.S.’s competitive position with China, a nation that has aggressively embraced digital currencies.
He criticized the Biden-Harris administration for its stance on cryptocurrencies. “Biden’s trying to shut it down– Biden doesn’t have the intellect to shut it down. Can you imagine this guy’s telling you to shut something down like that? He has no idea what the hell it is. But if we don’t embrace it, it’s going to be embraced by other people.”
