Democratic candidate in Ohio, Morgan Harper, recently expressed her curiosity about Bitcoin (BTC) and digital currencies. Harper is a former senior advisor at the Consumer Financial Protection Bureau. She is interested in learning more about crypto currencies and what they can do for Ohio.
On August 18, Harper officially announced that she was running for the U.S. Senate. She is competing for the Democratic nomination. Running against her is treasurer of the Cuyahoga Soil and Water Conservation District, Demar Sheffey, House Representative Tim Ryan, and more. If she is elected, she will serve with Democrat Sherrod Brown, who is up for re-election in 2024. She will replace Senator Rob Portman, who is not running for re-election. Portman has been outspoken about regulating crypto currencies during his time in office. He suggested a bill in April that would further define crypto tax reporting. During the recent infrastructure debate, Senator Portman supported an amendment authored by his colleagues which would change the definition of crypto brokers to no longer include node operators, transaction validators, or developers. The bill was passed by both the House of Representatives and the Senate without further defining crypto brokers. The bill is waiting to be passed by President Joe Biden.
Bitcoin and crypto currencies could replace traditional banking systems in the future. They could enable “the wealth of the network” to be shared rather than held exclusively by a small group of large shareholders. Harper claims that crypto currencies are more inclusive than typical corporations. Young people and minorities can utilize the currencies. Harper voiced her stance to her online social media followers. She is open to learning from anybody who can teach her about Bitcoin and crypto currencies. Morgan Harper is ready to learn about the nature of Bitcoin and crypto currencies and how they can help her serve her state.