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Kamala Harris announced today that she “supports a regulatory framework for cryptocurrency and other digital assets so that Black men who invest and own these assets are protected.”
No, that’s not clickbait: Harris’s first crypto-specific policy is already there, and it’s based on race.
As a Bitcoiner, I must say, this is a big mistake, and it shows that Harris does not understand Bitcoin at all, a network where everyone already has equal access regardless of race, color, creed.
Harris and the Democrats have for years called themselves “anti-racists,” while calling their opponents and anyone who challenges them racist. Here, Kamala extends that policy to crypto, which plays into the choice of some people.
Let’s say that Trump came out with an agenda saying that he will work on a policy that will benefit white people in the crypto industry. The media would make a fuss about it. But, unlike Harris, Trump doesn’t favor one race of people over everyone else. He is making pro-Bitcoin policies for ALL Americans.
On this basis alone, Trump’s approach is undoubtedly better for Bitcoin than the one proposed by Harris: he actually gives specific details of what exactly he can do to encourage innovation in this industry if he is elected, and explains how these policies benefit everyone.
This new speech by Harris seems to be nothing more than a vote for one group of people, while it may lose the votes of others who are not included. Any voter who tells themselves otherwise is lying to themselves.
Let’s ask ourselves this, do we think Harris’ policies will make it easier for black Americans to access and own Bitcoin? Or do we think his administration will make it more difficult? If more obstacles are placed on Black Bitcoin buyers, I alone, can’t think of anything worse.
Bitcoin is an open source protocol open to anyone in the world. It doesn’t matter what race you are – anyone can use it. This policy affects all Bitcoin Americans, and Bitcoin voters must go to the polls in three weeks to ensure that he is not elected President.
This article is a Take it. The views expressed are entirely those of the author and do not reflect those of BTC Inc or Bitcoin Magazine.
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