As a seasoned researcher with a keen eye for political and financial nuances, I find myself intrigued by the evolving dynamics of Stand With Crypto’s rating system. The group’s recent change of stance on Vice President Kamala Harris seems to be a response to mounting criticism, yet it leaves me wondering if the new criteria are too lenient or overly strict.
The advocacy team associated with Coinbase, known as Stand With Crypto, has recently reversed its position regarding Vice President Kamala Harris and her views on cryptocurrency. They have withdrawn their classification of Harris as a supporter of digital currencies, following intense backlash after the group initially awarded her a “B” grade for her supposed support, based on a recent statement.
On the 22nd of September, during her election bid, Harris expressed that if elected, she would foster advancements in technology, particularly AI and virtual currencies, all while ensuring consumer and investor safety. This statement earned her an initial positive rating from Stand With Crypto regarding her stance on cryptocurrency.
Although there have been alterations, some critics contend that the updated standards are insufficiently stringent. Wayne Vaughan, Tierion’s founder, proposes that Harris’s rating should reflect a lack of backing for cryptocurrency, noting that her administration is perceived as the most anti-crypto in U.S. history. Conversely, others like Tom Shaughnessy from Delphi Digital believe that Harris’s ambiguous statement does not warrant a favorable score.
Instead, the organization Stand With Crypto has characterized former President Donald Trump as an ardent advocate for cryptocurrencies, citing his promotional activities on social media for NFT collections and news articles detailing his crypto income.
It’s worth noting that Trump’s earlier critical remarks about cryptocurrencies, such as his 2019 comment that Bitcoin‘s value is “based on nothing but thin air,” did not seem to significantly impact the group’s actions.
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2024-09-25 11:03