Kamala Harris Campaign Adviser Supports Crypto Industry Growth

IconCryptoNewsTerminal Staff22 Aug, 2024

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Kamala Harris Campaign Adviser Supports Crypto Industry Growth

Brian Nelson, a former US Treasury Undersecretary for Terrorism and Financial Intelligence, is now a senior policy adviser for the Kamala Harris presidential campaign. At the Democratic National Convention, Nelson expressed support for policies that will help the cryptocurrency industry grow. Nelson's comments come as the cryptocurrency industry is facing increased scrutiny from regulators. In recent months, the US Securities and Exchange Commission (SEC) has taken enforcement actions against several cryptocurrency companies. The Commodity Futures Trading Commission (CFTC) has also been investigating cryptocurrency exchanges and other companies. Despite the regulatory scrutiny, the cryptocurrency industry is continuing to grow. In 2019, the global cryptocurrency market was valued at over $300 billion. By 2025, the market is expected to grow to over $5 trillion. Nelson's support for the cryptocurrency industry is a sign that the industry is gaining traction with policymakers. As the industry continues to grow, it is likely to attract even more attention from regulators.

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