Yves here. Kamala shamelessly pandering to crypto touts is so depressing. Crypto is among other things the vehicle that has allowed for more and bigger ransomware payoffs, encouraging more attempts. Its use cases are tax evasion, other criminal conduct, and speculation. None of these are socially positive.

Note this is another case of Kamala trying to out-do Trump in catering to a pet constituency, as she did with emulating his proposal to exempt tips from income tax.

By Jake Johnson, staff writer at Common Dreams. Originally published at Common Dreams

“Harris’ promise to balance the industry’s interests with those of consumers is an obvious contradiction,” said the executive director of the Revolving Door Project. “Crypto is a haven for businesspeople with nefarious or criminal intent.”

Democratic presidential nominee Kamala Harris‘ increasingly open embrace of cryptocurrency during her 2024 bid for the White House has sparked alarm among progressives, who

Keep reading this article on Naked Capitalism (Yves Smith) - Blog.

Leave a Reply