Kamala Harris May Choose Anti-Crypto Senator Gary Peters as VP in 2024
Nairobi (CoinChapter.com) — Michigan Senator Gary Peters is reportedly being considered by Kamala Harris as a potential running mate for the 2024 presidential election, according to Axios. Labor unions are pushing for Peters to strengthen Harris’s appeal in Michigan.
Peters is seeking support from fellow Democrats, positioning himself as a strong contender.
Senator Mark Kelly praised Peters for his contributions, noting his role in helping the Democrats secure a majority and expressing strong support for his potential vice-presidential candidacy.
Peters’s Stance on Cryptocurrencies Raises Questions
Peters has consistently opposed cryptocurrencies. In 2023, he co-sponsored the Digital Asset Money Laundering Act, targeting the use of crypto in terrorism financing. He also supported repealing SAB-121, which required banks to record digital assets as liabilities.
Peters’s cautious approach to digital currencies contrasts with that of some Democrats, who advocate for more engagement with the crypto industry.
Peters has consistently voiced concerns about the misuse of cryptocurrencies. In July 2021, he announced an investigation aimed at disrupting cybercriminal activities facilitated by digital currencies.
Peters also introduced the Digital Asset Anti-Money Laundering Act of 2023, requiring the Financial Crimes Enforcement Network (FinCEN) to issue guidance on digital assets.
The bill, seen as very anti-crypto, would classify certain industry participants, including individual miners and validators, as financial institutions subject to the Bank Secrecy Act compliance regime.
Harris’s Silence on Crypto Policy
Despite the growing significance of cryptocurrencies, Kamala Harris has remained relatively quiet on her stance. Entrepreneur Mark Cuban suggests Harris may be more open to business innovation than perceived, while others remain skeptical about any major policy shifts from the current administration.
Congressional Democrats have urged Harris to reconsider the party’s stance on crypto. They want her to engage more constructively with the digital asset sector. Harris’s final position on this issue could influence her campaign, especially among tech-savvy voters.
Moreover, Mike Novogratz, CEO of Galaxy Digital, urged Harris to distance herself from Elizabeth Warren’s anti-crypto stance. He emphasized the strategic importance of digital assets and how crypto policies could shape political fortunes. Novogratz stressed the need for a balanced approach.
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