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As Biden Drops Out, Industry Hopes Harris Picks Crypto-Friendly Running Mate – DL News
- Kamala Harris looks set to win the Democratic nomination after President Joe Biden dropped out of the presidential race.
- He is expected to choose a running mate from an undecided state.
A version of this story appeared in our The guide July 22 newsletter. Subscribe Here.
Who will be by Kamala Harris running mate, and what do they think about cryptocurrencies?
Now that President Joe Biden has dropped out of her bid for re-election, Harris, the current vice president, is considered the frontrunner for the Democratic nomination, although we won’t know for a while.
This has fueled speculation about who he might choose as his running mate.
Harris will likely go with someone from a state where a narrow margin of voters could affect the outcome of an entire election.
As a result, speculation has focused on the governors of those key swing states.
Cryptocurrency proponents argue that you need to choose carefully.
With Biden stepping aside, “the Democratic Party has a great opportunity to win back a large portion of the crypto vote,” cryptocurrency lawyer Jake Chervinsky wrote on X.
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With President Biden stepping aside, the Democratic Party has a great opportunity to regain a significant share of the cryptocurrency vote.
This should be the top priority for the new candidate in an election that will be won by a landslide in states where cryptocurrencies are a current issue.
Here because:
His…
— Jake Chervinsky (@jchervinsky) July 21, 2024
Many cryptocurrency voters are leftists and don’t want to support the Republican Party because of its stance on abortion rights, Chervinsky wrote.
A well-chosen running mate “can flip the script and win back a significant number of cryptocurrency voters.”
Here are some of the top candidates for vice president, according to odds from cryptocurrency betting site Polymarket, a gauge of cryptocurrency sentiment.
Roy Cooper
Polymarket finds North Carolina Gov. Roy Cooper the most likely candidate to share the seat with Harris, giving him a 31 percent chance of winning the vice presidential nomination.
Cooper, once a high-profile lawyer and his state’s attorney general, has nearly completed his second term as governor.
Encrypted connection: Cooper recently vetoed a bill which would have banned central bank digital currencies in its state.
Many lawmakers, especially Republicans, view CBDCs as a tool of government surveillance.
Republican candidate Donald Trump has promised to never allow the creation of a digital dollar.
Cooper called the bill “premature, vague and reactionary” and said it “proposes an end result on important monetary decisions that have not yet been made.”
Josh Shapiro
According to Polymarket, Pennsylvania Gov. Josh Shapiro’s odds of winning the vice presidential nomination are 27%.
Shapiro is a career politician who served as Pennsylvania’s attorney general.
While he was AG, he led an investigation on child abuse in the Catholic Church, which gave rise to a bombshell report.
If chosen as Harris’s running mate, he could become the first Jewish vice president of the United States.
Encrypted connection: Shapiro is considered friendly towards Bitcoin miners.
In April, environmentalists sued Shapiro and cryptocurrency firm Stronghold, alleging that one of Stronghold’s facilities had polluted with the governor’s support and received tax breaks.
Kelly Marks
Arizona Sen. Mark Kelly could lend a lot of credibility to Harris’ campaign. After all, he is literally an astronaut.
Kelly, a Navy veteran who served in the Gulf War, has flown space missions, including the Space Shuttle Endeavour.
Polymarket estimates its odds at 16%.
Kelly, who entered politics through anti-gun violence activism, was elected to the Senate in 2019.
Encrypted connection: Kelly was one of 12 Democratic senators who voted to override the Securities and Exchange Commission’s SAB 121 accounting guidelines.
Andy Beshear
Beshear supports gay marriage and abortion access.
Nonetheless, he is serving his second term as governor of Kentucky, a deeply conservative state.
It’s partly a testament to his expertise: He’s won approval for leading his state through the Covid-19 pandemic and a series of natural disasters.
Encrypted connection:US states that rely on booming sectors like fossil fuels are desperate for cryptocurrency miners.
Kentucky is one of those states. Beshear has signed two laws that give tax breaks and other incentives to miners.
It also has approved the creation of a Kentucky blockchain working group.
Contact me at joanna@dlnews.com.