Kamala Harris' campaign strives for Trump's pro-crypto position as members contact crypto industry stakeholders towards possibly developing new pro-crypto relationships. The development comes against Trump's recent pro-crypto stance at the 2024 Bitcoin Conference as Democrats cry for a "reset" to America's crypto policies.
The Latest Votes’ Broker
Last Saturday, former President Trump headlined the 2024 Bitcoin convention, cementing himself as a pro-crypto aspirant to the delight of thousands of live listeners and millions of crypto enthusiasts globally. Trump's keynote speech criticized the current Biden administration for staging a "war on crypto" via its policies, while the GOP Presidential aspirant promises to make America a "crypto superpower" if re-elected.
His famed appearance and surprising u-turn from the “anti-crypto” position he demonstrated while he was in the White House has reportedly bolstered market sentiment and investor confidence as BTC price sees price spike hours after the event.
Speaking about the ongoing discussion around the future of America's stance on cryptocurrency, Brad Garlinghouse, CEO of Ripple, thinks that "The Dems aren't winning any votes for being anti-crypto." "While the Republicans are gaining votes for embracing and encouraging innovation here in the US,” Garlinghouse added in a post on X.
Following Trump's presence at the 2024 Bitcoin convention, Vice President Kamala Harris' campaign has reportedly reached out to key players like Coinbase, Circle, Ripple Labs, and more. Kamala Harris' campaign team has also reportedly contacted billionaire Mark Cuban. Her representatives are reportedly reaching out to crypto industry stakeholders to understand crypto's recent heightened attention alongside previous conversations between the Biden-led administration and industry leaders.
Meanwhile, Democrats regard Harris' emergence as the likely Democratic Party nominee for the US Presidential elections as an opportunity for the party to reset relations with the innovation sector following a Biden administration whose regulatory stance created widespread backlash from industry stakeholders.
Cryptocurrency continues emerging as a potentially significant "votes' broker" in the ongoing electioneering around the US Presidential elections. More and more Dems are reportedly rallying behind former President Trump's promise to set up a crypto-friendly government as Democrats call for a crypto-policy "reset" increase.
Democrats Push for a “Reset” on Crypto Stance
While speaking at the 2024 Bitcoin Conference last weekend, White House Rep. Wiley Nickel (D-NC) said the Democratic party has "had a total reset of the presidential election." Nickel added that the team has been "working hard to get a reset from Vice President" Harris on crypto-related policies.
The Rep says that Harris' roots in tech-friendly California qualify her to "understand" crypto, adding that she could include it as an issue in her campaign towards the polls in November. Meanwhile, about a dozen Congress Democrats have pressed members of the Democratic National Committee to embrace a pro-crypto stance while issuing a "reset" to an erstwhile rather "harsh" regulatory environment for the burgeoning asset class.
Summary
Kamala Harris’ campaign strives for Trump’s pro-crypto stance as advisers reach out to industry stakeholders to “understand” crypto. Meanwhile, Democrats call on its party leadership to reconsider the Biden-led administration’s stance on crypto, following extensive backlash from the crypto community on its harsh regulatory position around the asset.