- As the US presidential race draws closer to its finale, Kamala Harris has made even more strides into the pro-crypto camp.
- The presiding Biden–Harris administration has been generally against digital assets, but with Harris now in charge of a 2024 presidency push, she’s switching tack.
- Donald Trump has entrenched himself in the crypto community, ground that Harris is trying to claw back.
- A group of high-ranking crypto execs, social commentators and Democratic reps are set to form a ‘Crypto for Harris’ advocacy group to inform policy.
I think everyone knew it was only a matter of time before the Democratic Party changed its tune on crypto. Donald Trump, leader of the Republicans, had come from seemingly nowhere to become one of the world’s biggest advocates of cryptocurrency reform and innovation.
Despite previous statements in vehement opposition to digital assets, Trump and his team have seemingly swayed much of the crypto vote – if the reaction at the Bitcoin 2024 conference is anything to go by.
But Kamala Harris, the newly-instated head of the Democrat’s 2024 presidential run, is determined to not let Trump have it all his way on this issue. The politicisation of crypto has been a major talking point of the year, and Harris looks set to mirror Trump’s pro-digital asset agenda – at least for now.
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Advocacy Group to Comprise Billionaire Mark Cuban
The Democratic Party have begun running what they’re labelling the ‘Crypto for Harris’ campaign, as Kamala Harris and Co look to establish themselves in the blockchain industry.
The advocacy group doesn’t really have much to do with Harris’ actual policies and says very little about what might change under a Democratic leadership in 2024.
However, the group – comprising crypto commentators like Mark Cuban, Democratic representatives and high-ranking industry executives – will host a meeting next week to discuss the best ways to support the digital asset sector under a Harris presidency.
One thing’s for sure though. Harris has been far more receptive to digital assets than Biden’s current government (which includes Harris as a VP) and is looking to bridge the gap between innovation and customer security.
The United States must continue to be a leader in blockchain and crypto and groups like Crypto for Harris are working hard to ensure the right policies and conversations take place to ensure that outcome.
Jonathan Padilla, CEO of Snickerdoodle and member of Crypto for HarrisNaturally, the reaction to the news has been…polarising, to say the least.
A big talking point among the community is how Harris being “pro-crypto” would actually look. It seems a major requirement is that Gensler is removed from the Chair of the SEC, something Trump has already promised if he is elected.
Others were quite sceptical of Harris’ intentions, failing to recognise that the news wasn’t an announcement of a policy change or anything to do with the presidential candidate herself.
More balanced takes were just happy that the tides seem to be shifting among both political parties.
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