Kamala Harris’ VP Pick Could Be Anti-Crypto Senator Gary Peters
Democratic US presidential frontrunner Kamala Harris is eyeing Michigan Senator Gary Peters as her vice presidential candidate this year.
Axios reported Tuesday that labor unions are mainly pushing for Peters’ consideration. They believe that adding the Michigan Senator could strategically strengthen the Harris ticket in the crucial battleground state.
An official from the Michigan Democratic Party told the outlet that Peters is keen on the nomination and has been actively seeking support.
Senator Peters has a history of opposing cryptocurrencies. He co-sponsored legislation aimed at combating money laundering through digital assets. But he also supported rolling back regulations that would have impacted banks holding crypto. Critics of the anti-money laundering legislation argue that it could stifle innovation and drive crypto activities underground.
Peters has previously expressed concerns about the role of cryptocurrencies in cybercrime and ransomware attacks. He has also led an investigation into how they facilitate cybercrime.
“My investigation will help us better understand how cryptocurrency can embolden cybercriminals, and identify possible policy changes that would help disrupt the incentive cryptocurrencies provide for criminal organizations and foreign adversaries to target critical public and private sector systems,” he said.
Kamala Harris has not spoken much about her position on cryptocurrency. However, billionaire Mark Cuban has suggested that she might be “far more open” to crypto in this election.
“Changing the policies changes the message and lets everyone know she is in charge and open, literally, for business,” Cuban said.
The crypto industry is still waiting for a definitive position from Harris.
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