- Morgan Harper, the former senior advisor to the Consumer Financial Protection Bureau (CFPB) who is running for one of Ohio’s U.S. Senate seats, seems to be “crypto curious,” according to reports.
- Against the current crypto-friendly senator, the Democratic Senate candidate’s interest is space exploration.
- Morgan Harper’s candidacy for the United States Senate was made more than a year ago.
A Twitter Revelation
Harper revealed her interest in the possibilities of Bitcoin (BTC) and other cryptocurrencies for Ohio policy during a Twitter chat on Tuesday. According to Democratic presidential candidate Kamala Harris, Bitcoin would replace a large number of the services now supplied by conventional financial institutions because it will distribute “the wealth of the network” to all users rather than just a few prominent owners.
According to Harper, several cryptocurrency ventures “want to compete with nearly every facet of what a bank or social media company does”. It’s more inclusive than the fundamental model of a firm, for example. According to reports and data, the use of #bitcoin is widespread among young people and people of color. This is understandable given that we have traditionally been excluded from traditional means of investment.
Her Eagerness To Learn Crypto
Harper said she would be “in learning mode” about the cryptocurrency sector. She urged any of her roughly 24,000 followers to provide their thoughts on how lawmakers should “keep bad actors out while supporting innovation” in the field. Tim Ryan and Demar Sheffey, the Treasurer of the Cuyahoga Soil and Water Conservation District, are two of the Democrats who are fighting Harper for her party’s candidacy for the United States Senate. The possibility of her and fellow Democrat Sherrod Brown running for re-election jointly in 2024 will present itself to them.
Weighing Harper’s Chances Of Getting Elected
Senator Rob Portman said in January that he would not run for re-election owing to “the party’s inability to move forward on significant legislation” and that he would not seek re-election. As a result, Harper might perhaps take over for Portman in the acting department. Since becoming a member of the House of Representatives, Portman has been an outspoken proponent of legislation that would regulate cryptocurrency exchanges. In April, he submitted a bill that would clarify the requirements for taxpayers in the United States who have bitcoin to register their holdings with the Internal Revenue Service.
A Clarification Bill On Cryptocurrency Brokers
At first, Portman supported a proposal by his colleagues to amend the bill’s definition of brokers to remove developers, transaction-validation service providers, and node operators from the description of brokers. However, Portman then changed his mind and opposed the idea. It passed both the House and the Senate without further clarification on cryptocurrency brokers, and it is now awaiting President Joe Biden’s signature.