Vice President Kamala Harris Expected to Reveal Stance on Bitcoin Soon, Influenced by Her Husband, the “Crypto Guy”

The crypto world was abuzz this week with rumors that Kamala Harristhe new Democratic presidential candidate, was in talks to speak at the Bitcoin 2024 conference in Nashville.

As the campaign finally confirmed Even if Harris couldn’t attend, the fact that her team is seriously considering the invitation signals a potential shift in the Democratic Party’s approach to digital assets, as crypto has played a key role in the presidential race.

Harris’ Rumored Pro-Bitcoin Advisors

Under the Biden administration, cryptocurrency has faced an increasingly hostile regulatory environment, with the Securities and Exchange Commission (SEC) stepping up enforcement implementing measures against various companies in the industry, including Binance, Coinbase and Ripple.

Biden’s economic advisers included vocal critics of cryptocurrencies, such as Sen. Elizabeth Warren, casting a pall of uncertainty over the future of digital assets, in stark contrast to the approval of Bitcoin and Ethereum ETF spot markets in January and last Monday, respectively.

However, Harris campaign sources suggest the California senator may be “more open-minded” about cryptocurrency and blockchain technology.

According to a crypto lobbyist and former White House adviser who spoke According to Fortune, her technical advisor is pro-crypto, and her husband, Douglas Emhoff, is a “crypto-man.” The crypto lobbyist said:

She doesn’t have much time to redefine herself. She has very little time to definitively assert that she is her own person.

Adding to the potential shift in stance on crypto, billionaire investor and Bitcoin enthusiast Mark Cuban revealed that he received “numerous questions from the Harris camp on crypto,” further fueling hopes that a Harris presidency could usher in a more collaborative approach between regulators and major industry players.

Kamala Harris’s Ties to California and Her Pro-Business Record

The contrast with the Biden administration’s position is stark. “President Joe Biden’s campaign reportedly proposed an automatic rejection” of an invitation to speak at the 2024 Bitcoin conference, according to the Fortune report.

The current White House has been slow to adopt cryptography legislation in Congress, while the SEC has stepped up its enforcement actions under Chairman Gary Gensler.

In contrast, Kamala Harris has consistently championed Silicon Valley as a U.S. senator representing California. The report notes that she has cultivated “close relationships” with tech industry leaders, including Meta’s Sheryl Sandberg, earning her a reputation as a business-friendly politician.

That context, combined with “crypto-friendly” connections within her own team, gives the industry hope that a Harris presidency could significantly change the government’s approach to cryptocurrency. digital assets.

It remains to be seen, however, whether these hopes will translate into concrete political changes in the months and years to come.

At the time of writing, Bitcoin was trading at $67,590, up more than 4% in the past 24 hours from a weekly low of $63,500.

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