Democratic challenger for important crypto-friendly Senate seat

Morgan Harper, a former senior advisor to the Consumer Financial Protection Bureau, will come across as “crypto-curious” in her race for the Democratic nominee for a seat in the Ohio Senate.

In a November 9th Twitter thread, Harper speak She is interested in the possibility that Bitcoin (BTC) and other cryptocurrencies could have an impact on Ohio politics. According to the democratic candidate, Bitcoin could replace many functions of traditional banks by passing the “wealth of the network” on to all users rather than to a few major shareholders.

“There are crypto projects out there that want to compete with every aspect of a bank or social media company,” said Harper. “Your basic model is more inclusive than a company. I’ve heard anecdotes and seen some stats on how many young people and people of color use #Bitcoin, which makes a lot of sense – we were historically excluded from early forms of traditional privacy. “

38-year-old Harper added that she will be in “learn mode” in crypto space and encourages each of her approximately 24,000 followers to comment on how lawmakers can “deter the bad guys while promoting innovation.”

Harper officially announced his candidacy for the US Senate on August 18, running for Democratic nomination against House Representative Tim Ryan, Cuyahoga Water and Land Reserve Treasurer Demar Sheffey, and others. If selected and elected as a Democratic candidate, she will serve alongside her Democratic counterpart Sherrod Brown, who will run for re-election in 2024.

Harper is likely to replace Senator Rob Portman, who announced in January that he would not run again because “it is becoming increasingly difficult to break down party political barriers and make political progress.” During his tenure, Portman spoke out on some of the bill’s proposed crypto regulations. In April, he proposed a bill to better define crypto reporting for US taxpayers.

Related: House passes 1 tonne infrastructure bill with crypto tax to get Biden approved

During the recent infrastructure debate, Senator Portman initially endorsed a change brought in by his colleagues that suggested including the definition of brokers in the bill so as to no longer include developers, transaction validators and node operators. The infrastructure bill was passed by both the House of Representatives and the Senate without further clarification from the crypto brokers and is now awaiting approval from President Joe Biden.

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