Kamala Harris recently hosted a virtual town hall aimed at gaining support from the crypto industry for her potential presidential campaign.
Unfortunately, the event fell flat, leaving many in the digital asset community disappointed and skeptical. The event, organized by the “Crypto For Harris” campaign, was met with backlash, with critics like Gemini co-founder Tyler Winklevoss calling it a “clown show.”
Event Lacks Clarity and Engagement
The 90-minute town hall featured prominent Democratic lawmakers, including Senate Majority Leader Chuck Schumer and Senators Debbie Stabenow and Kirsten Gillibrand. Tech billionaire Mark Cuban also participated. However, the absence of Kamala Harris and her campaign staff was a major issue for attendees. Many were eager to hear her views on cryptocurrency, especially given her role in an administration seen as unfriendly to the industry.
Critics expressed their frustration with the lack of clear policy direction. Caitlin Long, CEO of Custodia Bank, summed up the sentiment: “I was hoping to hear about Harris’s crypto policy and how Democrats plan to address the de-banking of crypto firms. I’m still waiting.”
Critical Issues Overlooked
A significant point of contention was the absence of discussion on regulatory challenges facing the crypto industry, particularly the actions of SEC Chair Gary Gensler. This omission left many feeling that the event was out of touch with industry concerns. Some believe that if Harris were to become president, she would likely continue the current administration’s crackdown on crypto.
Reactions from Crypto Leaders
The harshest criticism came from the Winklevoss twins, founders of the Gemini crypto exchange. Tyler Winklevoss didn’t hold back, labeling the event a “clown show” on social media. His brother, Cameron Winklevoss, criticized the use of pre-recorded video messages from lawmakers, suggesting they made the event feel less authentic. Both twins have publicly supported GOP nominee Donald Trump, who has promised lighter regulation and the removal of Gary Gensler.
Despite the criticism, there were some positive moments. Chuck Schumer’s comments about pushing for balanced crypto legislation were well-received. He emphasized the importance of not letting crypto move overseas due to a lack of regulation.
However, the overall sentiment from the Kamala Harris “crypto reset” event was one of skepticism. As Austin Campbell, founder of Zero Knowledge, put it: “Harris needs to clearly articulate her position and the actions she will take on this issue. Without that clarity, we risk more SEC disasters and another Operation Chokepoint.”
