Kamala Harris's approval rating officially surpasses Donald Trump's on Polymarket

Harris' approval rating officially reached 50%, surpassing Trump's 49% on the afternoon of August 8, marking an important turning point in the race to the White House.

On the afternoon of August 8, the approval rating for US Vice President Kamala Harris's election reached 50% of supporters, officially surpassing former President Donald Trump with 49% of votes on the Polymarket prediction platform.

Harris' approval rating quickly surpassed Trump's right after she unexpectedly chose Minnesota Governor Tim Walz as her Vice Presidential candidate.

One of the key factors behind Harris' recent surge in support on Polymarket is the "Crypto for Harris" campaign, which is being led by Democrats determined to prevent former President Trump from winning the November election.

The group plans to host a virtual town hall with prominent figures such as billionaire businessman Mark Cuban, SkyBridge Capital founder Anthony Scaramucci, and Democratic members of the House of Representatives.

The initiative aims to rally support for Harris from the 40 million Americans who own digital assets, emphasizing the importance of maintaining America's leadership in blockchain and crypto.

Jonathan Padilla, CEO of marketing firm Web3 Snickerdoodle and one of the organizers of the advocacy group, said:

"The United States needs to continue to be a leader in blockchain and crypto. Groups like Crypto for Harris are working tirelessly to ensure the right policies are in place to achieve this goal."

Meanwhile, former President Donald Trump's approval rating has plummeted from 71% to just 49% today, despite Trump and Republican lawmakers having made significant strides in appealing to crypto voters.

The former president has been vocal in his support for crypto, promising to end strict regulations from the Biden era. Last month, he headlined the Bitcoin 2024 Conference in Nashville, raising more than $21 million from industry heavyweights and pledging to create a strategic reserve of Bitcoin. He even vowed to fire Securities and Exchange Commission (SEC) Chairman Gary Gensler "on day one" if elected (although this was not possible).

However, the approval rating continued to decline as many people gradually realized that Trump was just "talking for fun" to attract voters without taking any specific actions to actually support crypto. Apart from choosing crypto-supporting Senator J.D. Vance and accepting crypto donations, Trump's statements at events were just "branding".

Unlike her opponent, Ms. Harris's campaign chose a more cautious and effective approach. She appointed David Plouffe, who served on the advisory board of the world's largest cryptocurrency exchange Binance, and former board member of Ripple Gene Sperling. This, combined with the “Crypto for Harris” campaign, has shown a more nuanced and practical attitude towards the crypto industry.

Former Biden advisor Moe Vela emphasized:

“The addition of crypto experts to Ms. Harris’s campaign sends a much stronger message than just “speaking out” at crypto events.”

However, who will win the election remains a mystery as both candidates have almost identical support rates on Polymarket, indicating a close race for the White House in 2024.

This confrontation is not only political in nature but also marks an important turning point for the future of regulations and innovation in the crypto sector in the United States in particular and the entire crypto market in general.