Kamala Harris Campaign Embraces Crypto: First Pro-Crypto Move

Last updated:2024/08/02
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The Kamala Harris campaign has started the process of changing its stance in favor of cryptocurrency. The vice president now has a 44% chance of winning the US presidency in 2024.

 

 

key Takeaways

 

  • Congressman Ro Khanna, a Democrat, will conduct another panel on cryptocurrency.
  • The roundtable will include a number of prominent businesspeople and political individuals.
  • Representatives of the Kamala Harris campaign are also negotiating to attend the gathering.

 

Resetting ties with the cryptocurrency business is allegedly something Vice President Kamala Harris is trying to do, which is a controversial and strategically questionable decision. A crucial meeting is scheduled to take place in Washington this week at the invitation of California Congressman Ro Khanna. Leaders in the cryptocurrency business and influential politicians will convene at the roundtable.

 

 

 

 

 

 

Will Kamala Harris Join Ro Khanna’s Crypto Roundtable?

 

Democrats will be represented at the crypto roundtable. Moreover, FOX News journalist Eleanor Terrett has the scoop that Kamala Harris’s campaign representatives would also be there. This initiative signifies a notable policy shift, as pro-crypto Democrats are making a comeback with the business.

The effort by Kamala Harris to change her mind about cryptocurrencies has not been a bed of roses. Bill Hagerty, a senator from Tennessee, has expressed deep doubt over Harris’s new approach. In his statement, he said:

 

After seeing President Trump’s enormous success at the Bitcoin conference in Nashville, it’s not surprising that Kamala Harris is, like she has done on numerous other occasions, desperately trying to seem pro-crypto in order to appear on television.

 

In addition, Senator Hagerty voiced his disapproval of the anti-crypto actions enacted by the Biden-Harris administration. “Egregiously anti-crypto and anti-innovation” was how he characterized them. Senator Hagerty went on to say that the administration’s previous acts are in odds with Harris’s current position.

 

“Unfortunately for her, what could have been is weighed down by the three and a half years of horrific anti-crypto and anti-innovation policies of the Biden-Harris Administration,” he said.

 

No amount of Harris’s about-face will sway the crypto community, which, in Hagerty’s view, embraces Republican principles of liberty and creativity. He made the case that the GOP has a greater standing among crypto fans by referencing the warm reception of former President Trump at the recent Bitcoin Nashville 2024 event. “No last-ditch effort from Kamala will change that—the Republican Party is the party of crypto,” Hagerty concluded.

 

 

 

 

 

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Win Chances for Harris Rise

 

A change in favor of Harris has occurred in the political trading market Polymarket, notwithstanding Hagerty’s objections. Her odds have increased by more than 16% in the last 10 days, but Donald Trump’s have declined by the same amount. The race is becoming increasingly close; Trump has 54% of the vote and Harris 44%.

 

Democratic Congressman Ro Khanna convened a roundtable meeting on cryptocurrency regulation earlier in July. Notable guests included Mark Cuban, CEO of Ripple, and Brad Garlinghouse. Khanna was upbeat about the results that could come out of these talks.

 

He said the gathering would pave the way for a strong crypto regulatory framework in the US. Garlinghouse lauded Khanna on social media, but details about the meeting are scarce. He is a “remarkable” leader who has invested in the cryptocurrency sector, according to Ripple’s CEO.

 

Crypto industry heavyweights have mixed feelings about the Harris campaign’s newfound support for the cryptocurrency. Gemini co-founder Tyler Winklevoss encouraged Kamala Harris to dismiss Gary Gensler, although he was dubious about the move. “Speech is cheap,” he declared. To begin, she should terminate Gary Gensler’s employment without delay, stop Operation Chokepoint 2.0, and halt all SEC enforcement efforts against law-abiding actors.

 

 

 

 




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