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