jakiro
Author: Mia, ChainCatcher
Last Sunday, 81-year-old US President Biden announced that he would give up his re-election campaign, and Vice President Kamala Harris immediately stated that she would replace Biden for the Democratic Party’s nomination.Many Democrats quickly expressed their support for her after Biden gave her full support.
Although Biden’s support adds strong endorsement to Harris’ candidate status, the result remains fraught with variables.Earlier, four of the most influential figures in the Democratic Party issued statements praising Biden, but remained silent on support for Harris, including former President Barack Obama, who is said to remain neutral, just likeSame in the 2020 primary election.
Just today, California Representative and former House Speaker Nancy Pelosi officially expressed support for Harris.Although many Democrats in Capitol Hill support Harris, Senator Chuck Schumer, New York Democrat who leads Democrats in Congress and Rep. Hakeem Jeffries, still has not yet expressed support for her.
So, who else could be a Democratic candidate besides Harris?What kind of cryptocurrency policies will they bring?
In recent weeks, California Gov. Gavin Newsom and Michigan Gov. Gretchen Whitmer have become popular candidates.Newsom has gained fame across the U.S. for his public debate with the Republican governor, while Whitmer has been a representative of abortion rights supporters nationwide, which is widely seen as a key issue for the Democratic Party in the November election.It is worth noting that Whitmer has previously made it clear that even if Biden withdraws from the election, she will not seek a nomination.
In addition, Pennsylvania Governor Josh Shapiro has also attracted much attention. The Wall Street Journal predicts that Pennsylvania will become a key state for the two parties to win and lose in the next few months.
Illinois Governor Pritzker also became an attractive candidate with a net worth of up to $3.5 billion.
Democratic candidates’ crypto attitude
Vice President Kamala Harris
Financial disclosures show that neither Harris and her husband Douglas Emhoff are involved in the cryptocurrency field and are more inclined to invest in U.S. Treasury bonds and emerging markets in traditional finance.
During the 2020 election, Harris hired Ryan Montoya as her scheduling director.It is reported that Montoya was the chief technology officer of the Sacramento Kings Basketball Team (NBA team). Under his leadership, the Sacramento Kings became the world’s first team to accept Bitcoin payments, and also tried to mine Ether.Coin and launch the NFT series.
In addition, the New York Times previously reported that Harris has a close relationship with the technology industry.When she was nominated as vice president, it was even seen as “good news” for Silicon Valley.As the technology industry becomes increasingly correlated with cryptocurrencies, it is not ruled out that Harris may choose to support Bitcoin before the presidential campaign in the future.
California Governor Newsom – Cryptotechnical Supporter
Among the potential candidates, Newsom has an in-depth understanding of the cryptocurrency industry and is open to it.He has been one of the most outstanding blockchain and crypto-tech promoters in the Democratic Party, committed to working with the cryptocurrency industry to formulate national policies and promote education.
Back in May 2022, Newsom issued an executive order aimed at promoting blockchain research and innovation and exploring the application of governments in it.Although the crypto policy environment changed due to the Celsius incident and the FTX bankruptcy turmoil, resulting in a new state-level industry regulation bill being rejected, Newsom’s positive attitude towards the crypto industry has not changed.
In October 2023, Newsom continued to advance crypto legislation and signed a crypto licensing bill that will come into effect in July 2025.The bill requires the California Department of Financial Protection and Innovation (DFPI) to develop a regulatory framework for cryptocurrencies, including licensing systems and law enforcement and rule-making powers.DFPI also received an 18-month implementation period to ensure that the regulatory framework can be tailored to address industry trends and mitigate consumer harm.
Newsom’s in-depth understanding of the cryptocurrency industry means he may be willing to work with the cryptocurrency industry.
Michigan Governor Gretchen Whitmer
Whitmer is seen as a potential candidate, but Whitmer has not discussed any of her position on cryptocurrency, nor has she promoted cryptocurrency policy in any important way in Michigan.This suggests that if she becomes president, she may react more to the policy issues of cryptocurrencies, or simply from a policy perspective, she is not interested in cryptocurrencies.
While other states such as California have implemented regulatory frameworks to work with the industry, there is no indication of what big move Whitmer will do with cryptocurrencies.
Pennsylvania Governor Josh Shapiro
Like Whitmer, Shapiro is also seen as a possible presidential candidate.During his tenure, the Pennsylvania Department of Banking and Securities decided to include “cryptocurrency” in its definition of the Currency Transfer Act as a “currency,” which reversed Shapiro’s prediction to becoming the governor of Pennsylvania2019 policy.
Although Shapiro has not made any major moves in cryptocurrency, he has not made any negative comments on the crypto industry so far, even after state tax cuts were used by cryptocurrency mining companies to help create data centers.
In the future, Shapiro may be willing to consider establishing a regulatory framework for cryptocurrencies at the national level.
Illinois Governor Pritzker – Crypto bulls
If you want to say who is the “crazy cryptocurrency”, it may be Pritzker.
Pritzker’s office has been positive about cryptocurrencies until the FTX collapses in 2022.In addition, in a 2021 Facebook post, Pritzker welcomed cryptocurrency ATM company CoinFlip to Chicago and said that “the future of cryptocurrency is in Illinois.”
In fact, Illinois, under Pritzker, began to adopt cryptocurrency very early.
Relevant industry observers say Pritzker may be the best choice if the cryptocurrency industry wants to find someone to become a Democratic presidential candidate or Harris’ vice presidential candidate.
So under the current circumstances, what are the MEME coins worth paying attention to?
Related MEME coins
At present, under Biden’s decision, the most popular candidate Harris has a related memecoin.(It does not constitute investment advice)
$HERRIS
According to X platform, the number of followers of the token $HERRIS (Kumala Herris) exceeds 5,000, with a market value of US$6.2M.After Biden announced his withdrawal from the election, the price of $HERRIS once exceeded $0.009 and has now fallen back to $0.0062, with a 24-hour increase of 24.43%.
In addition, more related MEME coins have begun to flock to the market.
$CUMALA
According to X platform, the local dog $CUMALA (cumala whoris) on the Solana chain has been released, and currently only 190 followers are following.
$KAMA
Currently, $KAMA (Kamala Horris) is the largest relevant MEME currency on the SOLANA chain. It once rose past US$0.03 and hit a record high. It is now quoted at US$0.02736, with a 24-hour increase of 48.45%.Currently, $KAMA market value is $25.83M.
