The current President of the United States , Joe Biden, announced his withdrawal from the presidential election early this morning and expressed his full support for Vice President Kamala Harris to become the Democratic presidential candidate in 2024, making Harris the candidate to win the Democratic presidential nomination next month. popular candidates.
What is Harris' stance on cryptocurrency?
Compared with the recent stance of Republican opponent and former U.S. President Trump in supporting cryptocurrency, Harris Harris’s attitude towards cryptocurrency has also become the focus of attention in the crypto today. However, looking at all of He Jinli’s past remarks, she has never expressed any support or opposition to cryptocurrency, tokenization, blockchain, NFT, etc.
According to Cointelegraph’s analysis , although it is not yet possible to know Jinli He’s position, given that her political career is closely related to Biden, she is likely to continue the Biden administration’s cautious stance on cryptocurrency, and her funders are all from the Biden camp. Public information shows that although these funders are from Silicon Valley, they have no interest in cryptocurrency at all.
A California native, Harris has been viewed in recent years as one of the more tech-friendly Democrats, having expressed a cautious stance on artificial intelligence, and the same may be true of her stance on cryptocurrencies, in which case she might win. Support from anti-cryptocurrency circles.
However, with the current level of support between the Democratic and Republican presidential candidates, Harris may also follow Biden's lead and try to win votes from the cryptocurrency industry. The question they now have to think about is whether publicly supporting cryptocurrency will help her defeat Trump.
People close to Harris hold moderate views on cryptocurrencies
It is worth noting that Adam Cochran, a partner at crypto investment institution Cinneamhain Ventures (CEHV), tweeted that although He Jinli has no public stance on cryptocurrency, many people around He Jinli support cryptocurrency:
- U.S. Transportation Secretary Pete Buttigieg (potential running mate) said that cryptocurrencies should be commodities, not securities.
- Pennsylvania Governor Josh Shapiro, a potential running mate, authorized cryptocurrencies as Pennsylvania’s “currency” during his tenure at the state banking department.
- Ryan Montoya, a former adviser to Harris' campaign team, is a supporter of cryptocurrency.
- Harris also dislikes each other with anti-cryptocurrency Democratic Senator Elizabeth Warren.
Adam Cochran believes that considering that the Democratic Party faces a strong backlash on cryptocurrency regulation, and that Harris is surrounded by many moderates who have reasonable views on cryptocurrencies, it is expected that Harris will try to negotiate with SEC Chairman Gary Gensler, Elizabeth Warren and Biden-era encryption. Monetary policy keeps its distance.
Are Democrats on track to win back most crypto voters?
Jake Chervinsky, legal director of crypto venture capital Variant Fund, also said today that with Biden withdrawing from the election, the Democratic Party has another chance to win back the votes of most cryptocurrency voters, because cryptocurrency has become one of the key issues for voters in swing states.
The new candidate should consider this issue a priority, noting that despite the Biden administration's hostility, there are still many Democrats who recognize the potential of cryptocurrencies and want them to flourish domestically:
There is a reset opportunity now, and the new Democratic nominee can turn things around and win back a large number of crypto voters... If the Democrats really want to win this election, the new nominee must seize this opportunity.
