Kamala Harris’ presumptive nomination for President brings new questions for crypto regulation and industry relations. How might her administration approach crypto?
Vice President Kamala Harris is now the presumptive Democratic Party nominee for President of the United States after President Joe Biden announced his withdrawal from the race. This shift raises questions about how a potential Harris administration might differ from Biden’s approach to crypto.
Key Points:
Vibe Shift in the Campaign:
Harris’ nomination has led to a significant change in the Democratic campaign's tone.
ActBlue reported $160 million in inflows since Biden’s announcement, with Harris' campaign receiving $81 million by Monday afternoon.
Implications for Crypto:
The crypto industry is keen to understand how Harris’ policies might diverge from Biden’s.
Early indicators suggest a potential reset in the approach toward crypto regulation and industry relations.
Industry Reaction:
Entrepreneur Mark Cuban mentioned that Harris' campaign has shown interest in crypto.
David Bailey from Bitcoin Magazine noted the campaign's consideration of speaking at BTC Nashville.
New Opportunities:
Harris’ California background suggests a familiarity with technology and related issues.
Industry leaders believe Harris may be more open to engaging in constructive dialogues about crypto policies.
Vice Presidential Pick:
Harris’ choice for vice president could further indicate her stance on business and technology.
Potential picks include pro-business figures like Pennsylvania Governor Josh Shapiro and Arizona Senator Mark Kelly.
Related: Bitcoin Traders Anticipate 'Fat Tails' Ahead of Trump's Nashville Bitcoin Conference Speech
Kamala Harris’ presumptive nomination introduces new dynamics in the 2024 election, particularly for the crypto industry. While it’s too early to predict her administration’s exact approach, there is optimism for more open and thoughtful discussions on crypto policies.
Source: Coindesk
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