Kamala Harris's crypto stance

Along with President Joe Biden's decision to stop running, all hypotheses are being reset from the beginning.

US Vice President Kamala Harris is a special case among politicians on Capitol Hill. She has never taken a stance for or against cryptocurrencies, tokens, blockchain, NFTs. This does not have much impact because President Biden has made his views on crypto public during his time in the White House.

However, the situation has begun to change since Biden announced his withdrawal from this year's Presidential race. Although the Democrats have not yet finalized a replacement candidate, Biden gave his favor to Ms. Harris in his withdrawal announcement.

In case Harris receives this responsibility, she must compete with former President Donald Trump. This character also constantly boasts about his crypto-friendly stance, despite having maintained a hostile attitude for a long time.

Trump's plans for the cryptocurrency sector will become clearer at the Bitcoin 2024 Conference taking place on July 27. In the meantime, let's talk about “What will happen to crypto if Kamala Harris wins the election?

Overall, since Ms. Harris's political wheels are tied to Biden, her donors and supporters mostly come from his camp.

Ms. Harris and her husband are heavily involved in investing, but according to the White House's 2023 financial announcement, neither of them holds any digital assets. They are not even curious about this asset class despite coming from Silicon Valley. Harris is considered one of the most prominent tech-friendly Democrats in recent years, but she has a cautious attitude toward artificial intelligence (AI).

Maybe avoiding comments about crypto is an outright refusal. In other words, if Ms. Harris is truly biased against cryptocurrency, she will likely call against the sector in her campaign.

Having said that, if Harris needs to close the gap and maintain her position in the upcoming election, supporting crypto could also affect her ability to win against Trump. In his latest comment, Mr. Trump again claimed that it was easier to defeat Ms. Kamala than his opponent Biden.

The strong Republican candidate, after his "failed assassination", continued to promote his pro-crypto stance. The former President also plans to release a fourth NFT collection after the success of the previous three, and he also chose pro-crypto Senator J.D. Vance worked as a deputy in the race for the White House.