Regulation
Kamala Harris Is Making Up Ground on Cryptocurrencies
Vice President Kamala Harris hasn’t focused much on cryptocurrencies in her political career, but as cryptocurrency has become a political issue in this election year, it looks like he’s doing his homework.
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Entrepreneur and Bitcoin enthusiast Mark Cuban said in an interview with Decrypt that Harris’ team had contacted him with questions about cryptocurrencies.
“I get multiple questions from his camp about cryptocurrencies,” he said. Decipher“So I take that as a good sign.”
“The feedback I’m getting, but certainly not confirmed by the vice president, is that it will be much more open to business, [artificial intelligence]cryptocurrencies and government as a service,” Cuban added.
Trying to compete with Trump
Harris’s camp appears to be trying to ensure that the candidate can curry favor with cryptocurrency enthusiasts ahead of the November election. Donald Trump, the Republican presidential nominee, appears to have an edge in that department. In May, he declared himself a “crypto-candidate” at a gala at Mar-a-Lago. Later, he announced that he would accept Donations in Bitcoin, Ether, Dogecoin, Solana and other cryptocurrencies.
Several years ago, Trump denounced Bitcoin as “a scam against the US dollar,” but now he says he’s “good” with cryptocurrenciesTrump will speak at the next Bitcoin Conference in Nashville, Tennesseescheduled for July 25-27, it would be the first time a presidential candidate has attended the conference.
Harris is no stranger to the tech sector
On the other hand, Democrats have traditionally been against cryptocurrencies. However, in recent months, they have begun to discuss cryptocurrencies more publicly and Biden’s group has even started accepting donations in cryptocurrency. Despite this, no strong cryptocurrency leader has yet emerged within the party.
Harris’s experience with the technology industry puts her in a good position to talk about cryptocurrencies. When she was California attorney general and later a U.S. senator, she advocated for greater regulation in the tech sector and addressed issues such as misinformation and online sexual harassment on social media platforms. As vice president, Harris was tasked by the Biden administration to focus on developing rules and regulations related to artificial intelligence.
Cryptocurrency Community Wants to Hear from Harris
Following President Joe Biden’s withdrawal from the presidential race, Harris has already solidified her position as the presumptive Democratic nominee. The cryptocurrency-based betting platform Polymarket recently endorsed Harris as the Democratic presidential candidate.
Harris has rarely spoken openly about cryptocurrencies, but now she has a chance to voice her opinion on cryptocurrency regulations and policies. The Digital Chamber, a leading digital asset trade association, has urged Kamala Harris will support the cryptocurrency sector in the United States if she becomes the Democratic presidential nominee.
If you had invested in Kamala Horris, you would have seen a growth of 4,000%
A cryptocurrency called Kamala Horris, launched a month ago, has skyrocketed after Harris announced her candidacy. The memecoin has jumped 40% in the last 24 hours and is currently trading at $0.0265. In just a month, the cryptocurrency has seen an insane growth of nearly 4,000%, According to cryptocurrency tracking site CoinGecko — meaning if you had invested $100 a month ago, you would now have $4,000.