Uniswap Founder Calls for VP Harris to Embrace Crypto, Urges Biden Administration to Abandon Anti-Crypto Stance

IconCryptoNewsTerminal Staff24 Jul, 2024

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Uniswap Founder Calls for VP Harris to Embrace Crypto, Urges Biden Administration to Abandon Anti-Crypto Stance

Uniswap (UNI) founder Hayden Adams has criticized US Vice President Kamala Harris' lack of understanding of the cryptocurrency industry, urging the Biden administration to change its approach and engage with the crypto community. In a series of tweets, Adams argued that Harris' negative stance towards crypto is out of touch with the growing importance of the industry. He pointed out that the crypto sector now has the largest SuperPAC in the country and has a significant number of single-issue pro-crypto voters. Adams emphasized the need for the Biden administration to build bridges with the crypto community and make Harris an ally, rather than an anti-crypto punching bag. He believes that the current approach has been a disaster and that it is time for a change. Adams' comments come after Harris recently gave a speech in which she raised concerns about the use of cryptocurrencies for illicit activities. She also called for greater regulation of the industry. The crypto community has reacted strongly to Harris' speech, with many criticizing her lack of understanding of the technology and its potential benefits. Adams' tweets are a reflection of this growing frustration within the industry.