Kamala Harris Crypto Policy Uncertain After Fed Action
Kamala Harris’ cryptocurrency policy faces uncertainty following the Federal Reserve’s enforcement against United Texas Bank over crypto-related risks.
The Federal Reserve cited deficiencies in risk management related to virtual currency customers, raising concerns about future U.S. crypto policy under Harris.
Dan Spuller from the Blockchain Association noted that this move might indicate "Choke Point 2.0," echoing previous U.S. efforts to limit crypto businesses.
Harris has not made any clear statements regarding cryptocurrency, leaving many Democrats uncertain about her stance if she were to win the presidency.
The Republican Party, however, promises a more favorable stance toward crypto, advocating for less regulation and protection of financial privacy.
With Harris remaining silent, it seems unlikely that her administration would significantly shift U.S. cryptocurrency policy if elected.
