Democratic presidential nominee Kamala Harris' increasingly open embrace of cryptocurrency during her 2024 bid for the White House has sparked alarm among progressives, who have pointed to the still-nascent industry's pervasive fraud and opposition to regulatory guardrails as all the evidence the vice president should need to end her courtship of the sector.
'Weak regulation is crucial to the industry's continued business strategy of serving as a conduit for money laundering, assisting ransomware rings, terrorist organizations, and those importing fentanyl.' 'The industry has defiantly moved past the stench of Sam Bankman-Fried's fraud-backed influence campaign to flood key congressional races with cash in a transparent attempt to strongarm Democrats into acquiescing to their demands,' he continued.