Uniswap CEO Admits ‘Biden Has Been Bad For Crypto,’ But Kamala Harris’ Comments Are Encouraging: ‘Progress Is Progress’

Uniswap UNI/USD CEO Hayden Adams expressed optimism about the US vice president Kamala Harris“comments supporting digital assets, highlighting the growing recognition of decentralized finance (DeFi) by political leaders.

What happened:However, Adams’ positive reception to Harris’ remarks was met with skepticism and criticism from industry insiders, who expressed concerns about regulatory threats and Uniswap’s governance structure.

At a fundraiser in New York over the weekend, Harris expressed support for digital assets and made her first public mention of the crypto industry, calling AI and digital assets “innovative technologies.”

Adams interpreted Harris’ remarks as a step toward greater mainstream acceptance of digital assets and expressed optimism about the future of DeFi.

But his optimism was quickly met with a wave of criticism from several influential voices in the crypto community.

Twitter user Eric Conner was among the first to question Adams’ position, highlighting the ongoing legal pressure Uniswap faces from the U.S. Securities and Exchange Commission (SEC).

Conner’s tweet was apparently referencing Uniswap’s ongoing lawsuit with the SEC and warned that regulatory approval does not necessarily translate into favorable outcomes for decentralized projects.

Former CEO of Messari Ryan Selkis He also criticized Uniswap’s governance and Adams’ willingness to view Harris’ comments as a positive step, warning that Uniswap cannot be trusted.

He added that Adams was the only crypto figure to vouch for the Democrats and that it was as if he wanted Trump to lose.

Also read: Anthony Scaramucci backs Kamala Harris on crypto policy, saying ‘it’s going in the right direction’

Alex ThornGalaxy’s research director echoed those concerns, saying Harris’ recent comments were no different from Biden’s stance on cryptocurrencies.

Despite the backlash, Adams has not backed down. In response to his critics, he reiterated his belief that political recognition of digital assets, even by figures like Harris, is a step in the right direction.

“I agree, Biden has been terrible on crypto and tech. She signals that his administration will approach it differently/be more pro-innovation. It’s okay if you don’t believe that,” he said.

“Yes, Biden has been bad for crypto and actions will speak louder than words. But progress is progress, it has to start somewhere and it has to be encouraged. A positive statement on tech is more than we got under Biden and Trump,” he added.

“There will always be challenges, but having crypto on the political agenda means we are taken seriously,” Adams said in his defense, adding that DeFi must continue to push for legitimacy within regulatory frameworks while staying true to its decentralized roots.

And then?:This tension between optimism and skepticism will likely be a major topic of discussion at Benzinga’s Future of Digital Assets event on November 19, where industry leaders, regulators, and innovators will discuss the future of digital assets and decentralized platforms.

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