{"id":364685,"date":"2021-11-10T01:01:29","date_gmt":"2021-11-09T22:01:29","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/democratic-challenger-to-crypto-friendly-senators-seat-is-interested-in-space\/"},"modified":"2021-11-10T01:01:29","modified_gmt":"2021-11-09T22:01:29","slug":"democratic-challenger-to-crypto-friendly-senators-seat-is-interested-in-space","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/democratic-challenger-to-crypto-friendly-senators-seat-is-interested-in-space\/","title":{"rendered":"# Democratic challenger to crypto-friendly senator’s seat is interested in space"},"content":{"rendered":"

“# Democratic challenger to crypto-friendly senator’s seat is interested in space <\/strong>”<\/p>\n

Morgan Harper, a former senior advisor at the Consumer Financial Protection Bureau, is coming out as ‘crypto curious’ in her race to be the Democratic nominee for one of Ohio\u2019s United States Senate seats.<\/p>\n

In a Tuesday thread on Twitter<\/a>, Harper said<\/a>\u00a0she was interested in the possibilities Bitcoin (BTC) and other cryptocurrencies could mean for policy in Ohio. According to the Democratic candidate, Bitcoin can take the place of many functions of traditional banks by passing on \u201cthe wealth of the network\u201d to all users rather than a handful of large shareholders.<\/p>\n

\u201cThere are crypto projects out there that want to compete with basically every facet of what a bank or social media company does,\u201d said Harper. \u201cTheir basic model is more inclusive than a corporation. I’ve heard anecdotes & seen some stats about how many young people & people of color use #bitcoin, which makes sense \u2014 historically, we\u2019ve been locked out of traditional forms of investment.\u201d<\/p>\n

The 38-year-old Harper added she would be \u201cin learning mode\u201d on the crypto space and encouraged any of her roughly 24,000 followers to submit comments on how lawmakers might \u201ckeep bad actors out while encouraging innovation.\u201d <\/p>\n

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Officially announcing her candidacy for the U.S. Senate on Aug. 18, Harper is running for the Democratic nomination against House Representative Tim Ryan, treasurer of the Cuyahoga Soil and Water Conservation District Demar Sheffey and others. If chosen to be the Democratic candidate and elected, she would serve with fellow Democrat Sherrod Brown, up for re-election in 2024.<\/p>\n

Harper could potentially replace Senator Rob Portman, who announced in January he would not be seeking re-election due to it being \u201charder and harder to break through the partisan gridlock and make progress on substantive policy.\u201d During his time in office, Portman has been outspoken in certain pieces of legislation proposing regulations on cryptocurrencies. In April, he suggested a bill to better define reporting crypto for U.S. taxpayers. <\/p>\n

Related: <\/em><\/strong>House passes $1T infrastructure bill with crypto tax for Biden’s app<\/a>roval<\/em><\/strong><\/p>\n

In the recent debate on infrastructure, Senator Portman initially backed an amendment put forth by his colleagues that suggested striking the definition of brokers in the bill to no longer include developers, transaction validators and node operators. The infrastructure bill passed both the House of Representatives and the Senate without additional clarification on crypto brokers and is currently awaiting approval from President Joe Biden.<\/p>\n