TechFlow news — Jake Chervinsky, Chief Legal Officer at Variant Fund, said that with Biden withdrawing from the race, the Democratic Party's new presidential candidate has an opportunity to win back a significant portion of cryptocurrency voters, but this requires a deliberate decision from Kamala Harris. Key points include:
The new candidate should take swift action by:
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Recognizing the importance of crypto technology;
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Admitting the failure of the SEC’s enforcement-first approach;
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Proposing policies that balance innovation and consumer protection;
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Announcing potential leaders for regulatory agencies who are supportive of crypto;
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Engaging in direct communication with stakeholders in the crypto industry.
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