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Author: Nikhilesh De, CoinDesk; Compiled by: Tao Zhu, Bitchain Vision
Vice President Kamala Harris is now a Democratic U.S. presidential candidate after President Joe Biden suddenly announced his withdrawal from the campaign.As she became a party candidate, people began to question how the Harris administration differed from the Biden administration in terms of cryptocurrencies.
The atmosphere changes
Increased fundraising
Vice President Kamala Harris became a Democratic presidential candidate after President Joe Biden announced he would not run for president, which undoubtedly led to a shift in the atmosphere.ActBlue, a fundraising service focused on Democrats, said the agency has received $160 million in funding since Biden announced his withdrawal, and Harris’s campaign said it had received 8,100 as of Monday afternoon, according to open source tracking data.Ten thousand dollars.
Why Harris Becomes a Presumed Candidate Important to the Crypto Industry
The real question for the cryptocurrency industry is whether Harris has a disagreement with Biden, how big the disagreement is, and how different she is from former president, Republican candidate Donald Trump.It has been less than a day since Harris became a presumed candidate, and it has only been about two days since she took over the campaign, so it is still hard to say now.Obviously, there is a possibility of some kind of reset—Entrepreneur Mark Cuban told Politics that Harris’ campaign has expressed interest in cryptocurrencies (and other issues), while Bitcoin Magazine’s David Bailey said the campaign is considering the evening of the weekSometimes speaking in BTC Nashville.
Harris’s position
While it’s hard to assess how presidential candidate Kamala Harris will treat cryptocurrencies, the fact that she is now the new flag bearer in the party shows that the cryptocurrency industry can take new ways to deal with 2024election.
“You play the cards in your hand and now we have a new set of cards,” said Sheila Warren, CEO of the Crypto Council for Innovation, an industry interest group.
Harris is unlikely to publicly support cryptocurrencies immediately, but many people told me that taking over the campaign would be a reset.
A congressional staff member pointed out thatThe new campaign offers a “opportunity to reset” and points to industry groups that have written open letters to the campaign and the Democratic Party on cryptocurrency issues.
And, in their opinion, new campaigns may be more receptive to these issues.
Both the staff and Warren pointed out thatHarris is from California, which means she may have been more adaptable to technology and related issues.
“She is certainly no stranger to the importance of technology, which is crucial to her state,” Warren said.“She is someone who has always been willing to accept thoughtful arguments.”
Harris’ choice of vice presidential candidate will also illustrate this.Warren said many of the shortlists currently — including Pennsylvania Gov. Josh Shapiro, North Carolina Gov. Roy Cooper, Arizona Senator Mark Kelly or Transportation Secretary Pete Buttigieg——”Most of them are very supportive of business.”It would be a meaningful move for Harris to choose anyone like this.
This is not a one-sided conversation.Industry groups and individuals have drafted open letters to the Democratic Party and Harris campaigns, demanding a reduction in “hostility” to the crypto industry.
“We urge you to sit down with leaders in the digital asset and blockchain industry to discuss policies that support and foster this technology. An open dialogue with industry experts will provide valuable insights and help develop policies that encourage growth, whileEnsure consumer protection and financial stability,” reads a letter from the Digital Chamber of Commerce.
