Regulation
Kamala Harris catches up on cryptocurrency
Vice President Kamala Harris hasn’t focused much on crypto in her political career, but as crypto has become a political topic In this election year, it seems she is now doing her homework.
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Entrepreneur and Bitcoin enthusiast Mark Cuban said in an interview with Decrypt that Harris’ camp had contacted him with questions about cryptography.
“I get a lot of questions from his camp about crypto,” he said. Decrypt“So I take that as a good sign.”
“The feedback I’m getting, but certainly not confirmed by the vice president, is that she will be much more open for business, [artificial intelligence]crypto and government as a service,” Cuban added.
Trying to compete with Trump
Harris’ camp appears to be keen to ensure that the candidate can win over crypto enthusiasts ahead of the November election. Republican presidential nominee Donald Trump appears to have a head start in this area. 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 crypto. Trump will speak at the next Bitcoin Conference in Nashville, Tennesseewhich is scheduled for July 25-27, which would be the first time a presidential candidate has attended the conference.
Harris is no stranger to the tech industry
On the other hand, Democrats have traditionally been opposed to cryptocurrencies. However, in recent months, they have begun to talk about it more publicly, and The Biden camp has even started accepting cryptocurrency donations. Despite this, no strong crypto leader has yet emerged within the party.
Harris’ experience with the technology industry puts her in a good position to talk about crypto. When she was California’s attorney general and then a U.S. senator, she advocated for increased regulation in the tech sector and addressed issues such as Misinformation and online sexual harassment on social media. As vice president, Harris was tasked by the Biden administration with focusing on developing rules and regulations around artificial intelligence.
Crypto Community Wants to Hear Harris’ Opinion
After President Joe Biden withdrew 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 discussed crypto openly, but now she has the opportunity to make her views known on regulations and policies surrounding the matter. The Digital Chamber, a leading digital asset trade association, has urged Kamala Harris will support the US cryptocurrency industry if she becomes the Democratic presidential nominee.
If you had invested in Kamala Horris, you would have seen 4,000% growth
A cryptocurrency called Kamala Horris, launched a month ago, has skyrocketed after Harris’ nomination was announced. The memecoin has surged 40% in the last 24 hours and is currently trading at $0.0265. In just one month, the crypto has seen a crazy growth of nearly 4,000%, according to cryptocurrency tracking site CoinGecko — meaning that if you had invested $100 a month ago, you would have $4,000 today.