The chief executive of stablecoin issuer Circle says that the US crypto industry is looking for a clear statement from presidential candidate Kamala Harris on her stance on digital assets.
In a new interview with CNBC Television, Circle CEO Jeremy Allaire says that the digital assets industry is looking for Harris, who became the Democratic nominee for the 2024 presidential election last month, to clearly announce her stance on crypto assets.
“There is a concerted effort, both from the Administration and the Harris campaign, to really get to know the issues, the players, the industry, the policies, etc. I think what the industry is looking for very clearly is clear statements potentially from the existing White House and clear statements from Harris as part of her economic policy agenda.”
According to Allaire, the current Administration’s general unfriendliness and skepticism towards digital assets has caused many jobs in the industry to go overseas. However, he notes that the White House has turned it around more recently.
“I think they missed the boat on that. I think they’ve caused American jobs to go overseas. They’ve made the cost of building in this space extremely prohibitive, and they’ve created a situation where policy is being adjudicated by the courts and not by Congress.
And that is not how a new technology industry should be developed. They’ve really missed the beat on that. But, you did see later in this Administration this pivot toward ‘okay, we are going to try and pass comprehensive legislation on a bipartisan basis,’ and so there’s some move toward that, but is it too little, too late?”
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