Crypto Leaders Question Harris’s Alleged Pro-Crypto Stance at DNC

• Crypto leaders doubt Harris is pro-crypto due to a lack of policy actions.  
• Cardano CEO Hoskinson demands real action from Harris on crypto—not just talk.
• Harris’s advisor’s DNC speech lacked key crypto details, fueling industry skepticism.

At the DNC, Kamala Harris’s senior campaign adviser, Brian Nelson, made pro-cryptocurrency statements and favored the furtherance of new technologies. However, the crypto industry has skepticism about these remarks, remaining unconvinced by what it sees as empty rhetoric. 

Vice President Harris has done nothing substantial to address the crypto community and its concerns throughout her time in office. The Crypto for Harris campaign has broadly been viewed as an attempt to position her as a pro-crypto candidate, given Donald Trump’s outreach to the crypto industry. 

According to critics, the Biden administration, to which Harris is a principal party, has yet to do something meaningful to support the crypto sector. Industry leaders are becoming increasingly skeptical of Harris’ sincerity in her commitment as a stakeholder who is considered pro-crypto.

Cardano CEO Charles Hoskinson has been one of the most vocal critics of Harris’s inaction. More specifically, despite the DNC claims, the convention’s 92-page document didn’t mention cryptocurrency.

Hoskinson followed up with a question about why, if Harris is a crypto market supporter, no policy proposals have been made and nothing meaningful has been done. 

He highlighted the lack of discussion regarding the removal of SEC Chair Gary Gensler and the passage of pro-crypto legislation. Hoskinson added that there is absolutely no trust, emphasizing the need for concrete, material actions, reflecting the widespread skepticism within the crypto community.

Adding to the skepticism, Fox Business journalist Eleanor Terret noted that Brian Nelson’s speech did not mention either crypto or digital assets, again a broader narrative of Harris’s supposed support for the industry. This has further stoked fears that her pro-crypto stance is political posturing and not genuinely caring about the industry’s growth.

Nate Geraci, president of The ETF Store, also chimed in, pointing out the disconnect between Harris’s words and the current administration’s actions.

Geraci emphasized that:

My take on this is very simple… Actions speak louder than words. The current administration, of which Harris is a part, is decidedly anti-crypto.

Nate Geraci further opined that if there is a need to strike a balance between innovation and regulation, the administration has been largely a one-way street in terms of regulation while doing very little to create an enabling environment for innovation in the crypto space.