Vice President Kamala Harris, a new entrant into the presidential race, has mostly withheld the specifics of her policy proposals. In anticipation of the Democratic National Convention, Hillary has pledged to disclose further details regarding her economic strategies in the near future.
Her campaign advisors, a significant number of whom has expertise in blockchain and Web3 regulation, have greatly contributed to her comprehension of bitcoin.
Brian Nelson, a lawyer who held the position of Undersecretary at the Treasury’s Office of Terrorism and Financial Intelligence, played a crucial role in formulating rules related to cryptocurrency, specifically focusing on crypto mixing services.
Under his leadership, the Treasury’s Financial Crimes Enforcement Network (FinCEN) introduced a regulation to categorize these services as a “principal concern for money laundering.”
Nelson supported the plan, recognizing the valid purposes of blending services but highlighting their involvement in concealing illegal cash. He stressed the importance of openness and security in public blockchains while acknowledging the demand for privacy.
The ongoing evaluation of the regulation regarding bitcoin mixers and reporting obligations is still in progress. Nelson emphasized the agency’s dedication to engaging with stakeholders to enhance the proposal.
Harris’s campaign has recruited former officials from the Biden administration, including Brian Deese and Bharat Ramamurti, who possess expertise in economic policy and banking regulation.
Deese collaborated on a White House blog article that detailed methods to reduce the dangers linked to digital assets, while Ramamurti participated in the White House’s endeavors to prevent the passing of stablecoin legislation during the summer of 2023.
