Trump’s campaign promises regarding cryptocurrencies are drawing criticism, with digital assets expert Professor Tonya Evans labelling them as a “literal impossibility.” Trump vowed to fire SEC Chair Gary Gensler on his first day in office, a move Evans says would take months or years. Meanwhile, Vice President Kamala Harris is under pressure to differentiate her stance on digital assets as she transitions to the Democratic nominee.
Evans Criticizes Trump’s Campaign Promises on Crypto
While Trump’s campaign has embraced cryptocurrencies after years of criticism, Evans points out that his pro-crypto shift took over three years to develop. She argues that it’s unrealistic to expect Harris to immediately pivot on crypto policy as she steps into her new role. Political shifts, especially on complex issues like cryptocurrency, require careful consideration, which Harris deserves.
Harris’s Potential to Lead on Crypto Regulation
Despite concerns that Harris might continue Biden’s strict crypto policies, Evans believes Harris has the chance to push for “clearer and more inclusive crypto regulations.” With her background in tech policy and her experience in California, Harris could focus on innovation and financial inclusion, while balancing the need for appropriate regulation. Evans remains optimistic that Harris can engage with the crypto community and champion policies that support the growth of the digital asset ecosystem.
