Fun

Stand With Crypto drops ‘supports crypto’ tag from Harris after backlash

News Feed - 2024-09-25 03:09:33

Jesse Coghlan12 hours agoStand With Crypto drops ‘supports crypto’ tag from Harris after backlashA Coinbase-backed lobby group initially graded Kamala Harris as “supports crypto” but dropped the characterization after wide criticism.1084 Total views1 Total sharesListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTCOINTELEGRAPH IN YOUR SOCIAL FEEDFollow ourSubscribe onCoinbase’s lobbying group, Stand With Crypto, has retracted its labeling of Kamala Harris as “supports crypto” on its website and says it has now changed how it scores politicians following intense backlash.


The group, which publishes its rankings of United States politicians on their support of crypto based on public comments, gave the Democrat’s presidential nominee its second-highest scoring grade on Sept. 23 — a “B” showing that Harris “supports crypto.”


Stand With Crypto explained on X that Harris “recently made a Somewhat Supportive statement” as the reason for the score.Source:Stand With Crypto


On Sept. 22, Harris made her first public statement about crypto during her election campaign, “We will encourage innovative technologies like AI and digital assets while protecting our consumers and investors.”


The lobby group backtracked on its score a day later, with Harris’ profile on its site now showing there’s “not enough information” on her crypto stance.


“We’ve gotten a ton of feedback at [Stand With Crypto] on our politician scorecard recently, and I wanted you to know we’ve listened and made changes,” Stand With Crypto executive director Logan Dobson wrote in a Sept. 25 X post.


“It will now be more difficult for candidates to receive a scorecard grade — any grade, positive or negative,” he added. “We think it’s appropriate to require more from candidates  — more statements, more detail — before our scorecard assigns them a full grade.”


Dobson said if a politician makes crypto-related statements that aren’t enough to be scored on, Stand With Crypto will mark that there isn’t enough information.


But the lobby group’s update didn’t go far enough for some. Tierion founder Wayne Vaughan inferred in an X post that Harris’ score should show she doesn’t support crypto as he claimed as Vice President, she “has presided over the most anti-crypto administration in United States history.”


Before Stand With Crypto’s update, others criticized the group’s characterization of Harris’ crypto support.


Related:Will Trump pardon SBF? 6 weird Polymarket betting pools on US politics


“Kamala [Harris] has made one vague statement of support, months late, with zero details,” Tom Shaughnessy, co-founder of analysis platform Delphi Digital, wrote in a Sept. 25 X post.


CoinList Co-founder Brian Tubergen said on X that basing Harris’ score on “a one-off vague statement” was “absurd.”


Meanwhile, Stand With Crypto marks Harris’ newly pro-crypto Republican rival Donald Trump as “strongly supports crypto,” giving him points based on social posts hocking his non-fungible token collections and news reports about his crypto earnings.


The group only scored one “very anti-crypto” comment from Trump — when he said the value of Bitcoin (BTC) and cryptocurrency is “based on thin air” in 2019.


It doesn’t mention when Trump said crypto “may be fake” and is “a disaster waiting to happen” in 2021, nor when he said Bitcoin “just seems like a scam” and didn’t like it “because it is another currency competing against the dollar” that same year.


Magazine:Bitcoiners are ‘all in’ on Trump since Bitcoin ’24, but it’s getting risky# Politics# US Government# Regulation# US Elections 2024Add reaction

News Feed

Ethereum 2.0 Deposit Threshold Met: Proof-of-Stake ‘Beacon’ Chain Starts in 7 Days
Ethereum 2.0 Deposit Threshold Met: Proof-of-Stake "Beacon" Chain Starts in 7 Days The Ethereum network’s ETH 2.0 contract has crossed the threshold needed
Prashant Jha1 hour agoBankrupt crypto lender Genesis sues Gemini to recover $689M of ‘preferential transfers’Genesis claims Gemini made preferential transfers of about $689 million from Genesis and wants the court to
Derek Andersen5 hours agoGeorgia preparing limited live CBDC pilot, considering Ripple among tech providersAs the country is considered for EU membership, the digital lari is seen as providing interoperability with a dig
Turner Wright8 hours agoJudges weigh early release for Sam Bankman-Fried as lawyers push First Amendment issues: ReportA panel of three judges at the 2nd U.S. Circuit Court of Appeals in New York reportedly will consider
Turner Wright8 hours agoBinance and CZ renew calls to dismiss CFTC lawsuitLawyers representing the crypto exchange and its CEO claimed the CFTC was attempting to act as the “world’s derivatives police” in its lawsu
Andreessen Horowitz Launches A16z Crypto Research Lab
Andreessen Horowitz Launches A16z Crypto Research Lab A16z, also known as Andreessen Horowitz, the venture capital (VC) company that has invested millions in crypto-related project
Elisha Owusu Akyaw7 hours agoHashing It Out: MobileCoin CEO says crypto must make space for more womenSara Drakeley says crypto has a reputation for being a ”bro space” and urges the industry to make provisions that
Mirror Trading International Named Biggest Crypto Scam of the Year After Raking in $589 Million
Mirror Trading International Named Biggest Crypto Scam of the Year After Raking in $589 Million Blockchain analysis firm, Chainalysis’ latest crime report
Solana-to-Bitcoin cross-chain bridge aims for Q3 2024 launch
Zhiyuan Sun3 hours agoSolana-to-Bitcoin cross-chain bridge aims for Q3 2024 launchThe ZPL-powered zBTC token will allow Bitcoin holders to engage with the Solana DeFi ecosystem.2949 Total views1 Total sharesListen to art
Crypto Biz: Galaxy, CoinShares Q1 results, ETFs on the blockchain, and more
Ana Paula Pereira3 hours agoCrypto Biz: Galaxy, CoinShares Q1 results, ETFs on the blockchain, and moreThis week’s Crypto Biz features Galaxy Digital and CoinShares earning results, Franklin Templeton’s CEO betting
Restaking could introduce ‘hidden risks’ to Ethereum — Coinbase
Tom Mitchelhill7 hours agoRestaking could introduce ‘hidden risks’ to Ethereum — CoinbaseEthereum restaking will form a “core part” of the network in the future — but there are still risks that come along wit
VegaX Expands B2B Technology for Institutional Clients to Unlock Crypto Market
VegaX Expands B2B Technology for Institutional Clients to Unlock Crypto Market press release PRESS RELEASE. NEW YORK, April. 28, 2022 — VegaX Holdings (“VegaX”)