- Democratic nominee Kamala Harris made her first public remarks on crypto after taking the torch from President Biden.
- Odds for Harris winning the presidential election are now at 51%, a 4-point lead over Trump.
- Crypto industry leaders find her remarks encouraging and hope the anti-crypto administration will end.
Democratic nominee Harris made her first public remarks on crypto while her Republican rival Donald Trump has repeatedly advocated for the industry.
The industry has long been speculating on Harris’ stance on digital assets and whether it differs from the Biden-Harris Administration.
Read on to learn what Harris’ welcoming approach means for the Web3 space.
Harris Breaks Silence on Crypto
Reports alleged that Harris’ campaign has been engaging with crypto industry leaders to build a competitive future.
Harris and Trump are now neck-to-neck in the 2024 presidential election polls. Polymarket gives Harris a 4-point lead over Trump, whose odds of winning are now at 47%.
We will encourage innovative technologies like AI and digital assets while protecting consumers and investors. We will create a safe business environment with consistent and transparent rules of the road.Kamala Harris
On September 19, SkyBridge Capital CEO Anthony Scaramucci, a brief tenure as a former press secretary under then-President Trump, said that US crypto advocates are now working with the Harris’ campaign to distance the Democratic Party from SEC chair Gary Gensler and Senator Elizabeth Warren at TOKEN2049 in Singapore.
Gensler previously said that crypto is ‘an outsized piece of the scams and frauds,’ emphasizing the necessity for robust digital assets regulations.
Earlier this year, several Democrats disagreed with Senator Warren and tried to undo SEC guidelines, arguing they discourage banks from holding digital assets.
Democratic US Representative Wiley Nickel dubbed Harris’ recent remarks ‘a significant reset’ on her stance on digital assets. He also noted they align with FIT21, which aims to enhance customer protection and drive digital innovation in the US.
Uniswap Labs CEO Hayden Adams called Harris’ comments a positive sign on X.
Coinbase policy chief Faryar Shirzad suggested Harris’ acknowledgment of digital assets sends ‘a clear message that the Biden/Warren era of destruction is over.’
Final Thoughts
Crypto investors are now watching closely on both presidential nominees’ crypto policies. Whoever wins, clear regulations and developments could promote bullish sentiment within the crypto community.
References
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Disclaimer: The opinions expressed in this article do not constitute financial advice. We encourage readers to conduct their own research and determine their own risk tolerance before making any financial decisions. Cryptocurrency is a highly volatile, high-risk asset class.
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