The vice chairman of the US, Kamala Harris, is a little bit of an anomaly amongst Capitol Hill politicians: she’s by no means had sturdy phrases to say for or in opposition to digital currencies, tokenization, blockchain, or NFTs.
None of that has mattered for the previous 4 years as US president Joseph Biden has had lots to say about crypto throughout his keep within the White Home.
Candidate Harris?
However that’s all modified since Biden announced his intent to drop out of the upcoming presidential election. Whereas there’s no assure that his vice chairman will get the democratic nomination, he’s already given Harris his endorsement.
Have been Harris to get the nomination, she’d nonetheless face former US president Donald Trump, who’s been bombastic on crypto — in opposition to it previously, for it as of late.
Trump’s plans for the house might grow to be a bit clearer within the coming weeks as he’s slated to speak at the Bitcoin Conference on July 27. However, within the meantime, it’s possible secure to imagine he’s at the very least professional Bitcoin.
The query then turns into: what occurs to crypto if Harris wins?
President Harris?
Simply because we don’t know her official stance doesn’t imply we will’t glean some particulars as to what it would seem like.
For starters, there’s loads of purpose to imagine she might keep the course that’s already been set. By and enormous, since her political wagon has been hitched to Biden, her donors and supporters come from his camp. It might be a lot simpler for “president Harris” to make modifications to the established order than “candidate Harris.”
Additionally of observe, Harris and her husband are each closely invested however, in line with her White Home monetary disclosure for 2023, neither maintain any digital belongings.
This stands out as a result of, primarily based on the disclosure, they aren’t even a bit interested in digital belongings regardless of being linked to Silicon Valley. Harris is a California native who’s been seen as one of many extra tech-friendly democrats to come back into prominence lately, her somewhat cautious stance on AI however.
It’s potential her shunning of cryptocurrency has been precisely that: an outright dismissal of the know-how itself. If that’s the case, we would anticipate her to drum up anti-crypto assist as her marketing campaign begins to unfold.
Lastly, it’s price contemplating the razor skinny margins between Trump and Biden assist earlier than the latter dropped out of the 2024 race. If we think about a situation the place Harris must hurry up and discover a couple of proportion factors in an effort to justify her candidacy, then the true query is whether or not popping out pro-crypto would assist or damage her in opposition to Trump.
Associated: Trump’s VP pick, JD Vance, could mean a new era for crypto
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