Kamala Harris’ Crypto Pivot: Political Strategy or What?
In the upcoming US presidential election, candidates are adopting crypto and blockchain technology as a key part of their campaigns to gain voter support. In the year October 14, 2024 Current Vice President Kamala Harris, who was previously anti-crypto, is now showing support for the Treasury.
Harris Crypto Pivot
She is scheduled to speak to a group of black entrepreneurs during a campaign speech in Erie, Pennsylvania. Her agenda suggests she will discuss support for black-owned small businesses, a regulatory framework for cryptocurrencies and other digital assets, and federal legalization of cannabis.
A press release said, “Vice President Harris knows that more than 20% of black Americans own or own cryptocurrency assets, so it is to ensure that her plans, digital asset owners and investors will benefit black men and the regulatory framework. Other people involved in this market They will be protected.
However, her earlier announcement that she would nominate Gary Gensler as chairman of the US Securities and Exchange Commission was rejected by the crypto community. Now, she is showing her interest in cryptocurrency and digital asset control which seems fake.
This significant change from Harris caught the attention of Bitwise Invest CIO Matt Hogan. Hugan recently posted on X (formerly Twitter): “Is this statement “Harris pole” the extent people are excited about? Or did she say more on the live broadcast? “
A report on the Harris campaign website related to Erie shows a different way she presents her views on cryptocurrency. Instead of just pointing to general protection for cryptocurrency, they mention that people who “own” cryptocurrency are also protected.
However, some believe that Harris will support cryptocurrencies and create laws to regulate digital assets and the cryptocurrency industry. In contrast, others in the cryptocurrency community are skeptics or skeptics about her commitment to this “crypto pivot” about her campaign's shift to focus more on crypto issues.
On the other hand, former President Donald Trump seems more promising for the crypto industry. At the recent Bitcoin Nashville conference, Trump said he will appoint a Bitcoin and Crypto Advisory Council. We've already seen Trump's proactive stance in the cryptocurrency realm.
