With President Biden stepping aside for the 2024 race, Vice President Kamala Harris has emerged as the likely Democratic nominee. In response, a new group, Crypto4Harris, has sprung up to rally the cryptocurrency community behind her, particularly as former President Trump continues to position himself as the “crypto candidate.”
However, Harris has remained quiet on crypto-related issues, and her recent policy announcements did not mention the sector.
Earlier Crypto4Harris hosted its first virtual event to back Harris’ campaign and urge her to stop the Biden administration’s strict approach toward the cryptocurrency industry.
Despite Harris’ absence from the event, key Democratic figures like Senate Majority Leader Chuck Schumer reassured attendees that Harris would advocate for crypto-friendly policies.
Interestingly, Senate Majority Leader Schumer has redirected his focus to artificial intelligence (AI), signaling it as a top priority for bipartisan legislation in the months ahead. In a letter to his Senate colleagues, Schumer outlined his key legislative goals but omitted cryptocurrency from the list, despite previous assurances that it would be a significant issue.
This sudden shift has caused concern in the crypto community, which had been hoping for clearer regulatory guidelines.
Despite Harris’ lack of engagement with cryptocurrency issues, prominent figures in the crypto world, including Ripple co-founder Chris Larsen and 88 other industry executives, have thrown their support behind her. Yet, the Vice President has yet to address crypto in her policy platform.
Contrary to recent claims by Fortune magazine that Harris is accepting crypto donations through Coinbase, a closer look at her official donation channels shows no such option.
Former President Donald Trump has reiterated his plan to make the U.S. a leader in cryptocurrency if re-elected. In a recent speech at the Economic Club of New York, he briefly mentioned digital assets, promising to support future industries like crypto and Bitcoin. He also introduced a new project called World Liberty Financial.
The highly anticipated debate between Trump and Kamala Harris on September 10 has created a stir within the crypto market. Betting platform Polymarket currently favors Trump, giving him a 52% chance of winning, compared to 47% for Harris.
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