Kamala Harris is reportedly considering Michigan Senator Gary Peters as her running mate for the 2024 presidential election, according to a recent article from Axios.
The suggestion to include Peters on the ticket is primarily driven by labor unions, who believe his addition could boost Harris’s appeal in the crucial battleground state of Michigan.
Axios reports that Peters is open to the idea of joining Harris as her vice-presidential candidate and is currently seeking support from fellow Democrats to bolster his position.
Gary Peters has a notable stance on cryptocurrency. Stand With Crypto, a nonprofit political advocacy group, describes him as “strongly against crypto.”
The group highlights his co-sponsorship of the Digital Asset Money Laundering Act in 2023, aimed at preventing the use of cryptocurrencies in financing terrorism.
This legislation sought to restrict the use of digital assets in such activities, with Peters writing to National Security Advisor Jake Sullivan: “Given the clear and present danger posed by the financing of these and other militant organizations, we ask the Administration to provide additional details on its plan to prevent the use of crypto for the financing of terrorism.”
Despite his tough stance on crypto, Peters has shown some flexibility.
He supported the repeal of SAB-121, which would have required banks holding digital assets for customers to record these as liabilities on their balance sheets.
In contrast, Kamala Harris has remained largely silent on her policy direction for digital assets under a potential administration.
However, there are differing views on her approach. Entrepreneur Mark Cuban suggests Harris is “far more open” to business and innovation than is commonly believed, while Riot Platforms CEO Jason Les is skeptical that she would diverge significantly from the Biden administration’s policies.
Adding to the discourse, some Congressional Democrats have urged Harris to shift from the party’s perceived hostility toward cryptocurrencies and engage in dialogue with the digital asset industry.
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