The Vice President of america, Kamala Harris, introduced a proposal to control cryptocurrencies with the goal of supporting men and women of African American descent, as mirrored within the “Agenda of Alternatives for Black Males.”
This agenda studies that greater than 20% of African People personal or have owned bitcoin and cryptocurrencies. As indicated, the presidential candidate additionally positively values the methods by which new applied sciences can develop entry to banking and monetary providers.
In response to Harris’ workforce, if elected, the Democrat will make sure that African-American cryptocurrency traders and customers (in addition to “different individuals”) profit from a regulatory framework that can supposedly “defend” them
This proposal could also be meaningless contemplating that Bitcoin doesn’t want regulation to operate and, extra importantly, doesn’t take note of racial, non secular or perception points.
Bitcoin operates on a world community the place particular person sovereignty and monetary autonomy are basic rules, whatever the identities of its individuals.
This isn’t the primary time Harris, or his workforce, has talked about cryptocurrencies. On a earlier event, as reported by CriptoNoticias, the candidate promised to extend funding within the sector and dedicated to “promote modern applied sciences” resembling synthetic intelligence and digital belongings. This new proposal will be seen as a continuation of that dedication, albeit with a extra particular give attention to racial fairness.
Additionally the Republican candidate Donald Trump has proven an open stance in the direction of cryptocurrencies. He even launched his personal DeFi platform, indicating an acceptance of Bitcoin and cryptocurrency applied sciences within the Republican political spectrum.
Regardless of these political positions, it is very important word that Bitcoin doesn’t want the help of any ruler to function. The adoption of those applied sciences and their international growth will proceed, probably at an accelerated tempo, with or with out authorities coverage intervention.
Bitcoin’s decentralization and autonomous nature counsel that its development and acceptance shall be pushed by the neighborhood and international monetary wants, past native laws.
This text was created utilizing synthetic intelligence and edited by a human Editor.
