According to the latest data from Polymarket, U.S. Vice President Harris' support rate in the 2024 presidential election has surpassed former President Trump. Her support rate has soared from 33% in the early stages to a record high of 53% at the time of writing.

For another betting with a smaller amount of money, the market predicts that Harris's chance of winning the election has reached 77%, while Trump's chance has dropped to 22%. The Democratic Party, which was originally suppressed by Trump, seems to be showing signs of overtaking.

Analyst: Harris will continue the Biden administration's crypto regulatory pressure

The upcoming US election in November has attracted much attention from the crypto because it is the first time that cryptocurrency has become an important issue in the election. Republican presidential candidate and former US President Trump has publicly supported cryptocurrency many times, which is expected to change the Biden administration's position and bring favorable regulatory policies to cryptocurrency.

But what is the crypto stance of Democratic rising candidate Harris?

In this regard, Alex Thorn, head of research at Galaxy Research, published an analysis on the social platform X late yesterday (13th), pointing out that there is evidence that Harris and his advisory team will continue the Biden administration’s attitude towards cryptocurrencies:

“New evidence suggests Harris will continue to crack down on cryptocurrencies, and her advisory choices suggest she will continue Biden’s hostility toward cryptocurrencies, as Harris is working with two key officials in the Biden administration who oppose cryptocurrency, Brian Deese and Bharat Ramamurti.”

To confirm his analysis, Alex Thorn detailed the key evidence of Brian Deese and Bharat Ramamurti against cryptocurrency. He pointed out that Brian Deese wrote an article as early as January 2023, which was named as supporting innovation, but actually labeled cryptocurrency as "fraud" and "dangerous".

As for Bharat Ramamurti, he has long worked with US Democratic Senator Elizabeth Warren, the arch-villain of cryptocurrencies, and provided Warren with economic policy advice.

At the same time, Fortune magazine also named Bharat Ramamurti as "the number one cryptocurrency critic in the White House."

On the other hand, Brian Deese and Bharat Ramamurti also intervened in the US Stablecoin Bill, advocating that the US Federal Reserve and banks should fully regulate stablecoins.

In summary, a series of evidence shows that Brian Deese and Bharat Ramamurti are not friendly to cryptocurrencies, and Harris's choice of them to join her advisory team may indicate that if she wins the election, she may disappoint people in the crypto.

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