The 2024 US election is heating up, and the crypto world is taking notice. A group is pushing for Vice President Kamala Harris, calling it “Crypto for Harris.” But some people are calling it a scam.
“DEM SCAM” or Genuine Support?
Crypto advocates, like Balaji Srinivasan, former Chief Technology Officer of Coinbase, are skeptical. They believe the Democratic Party is trying to win over crypto voters without actually changing their policies. Srinivasan calls it a “DEM SCAM” and argues that their focus on crypto votes shows they don’t care about real political change.
He even suggests that the Biden administration should fire SEC Chair Gary Gensler to stop the agency’s “show trials” against the crypto industry.
Trump’s Crypto Embrace vs. Harris’s Disconnect
Crypto lawyer Preston Byrne points out a key difference between Trump and Harris’s approach to crypto. While Trump has been involved in the industry, even calling bitcoin a “scam” in the past, he now embraces cryptocurrencies. He even promises to keep all the bitcoin the US government owns if he’s elected. Harris, on the other hand, seems disconnected from the crypto world.
The Trump-Musk Alliance: A Threat to Harris?
Trump’s embrace of crypto, combined with the support of billionaire Elon Musk, could be a powerful combination. While Musk’s financial support for Trump’s campaign is still unknown, their alliance is a big deal for the far-right, which includes many crypto supporters.
Is “Crypto for Harris” Too Little, Too Late?
Many see the “Crypto for Harris” campaign as a desperate attempt to win back crypto voters who are disappointed with the Democratic Party’s lack of support for the industry. Critics argue that it’s too little, too late, even with the White House holding a roundtable with crypto CEOs.
The 2024 Election: A Crypto Battleground
Trump’s promise to keep government-owned bitcoin and Musk’s potential support could make him a strong contender for the crypto vote. The Harris campaign’s recent engagement in crypto matters has boosted her chances on the crypto prediction market Polymarket, putting her neck-and-neck with Trump.
The 2024 US election is shaping up to be a battleground for the crypto community, with both candidates vying for their support.
