Harris Makes a Crypto Statement
After months of silence on the topic, Vice President Kamala Harris finally acknowledged the crypto industry. During a Wall Street fundraiser, she pledged to invest in America’s future by supporting “innovative technologies like AI and digital assets,” while also promising to create a “safe business environment” for the industry.
Crypto Community Reacts
Harris’ comments sent shockwaves through the crypto community. Some investors saw it as a positive sign, believing it could signal a more favorable regulatory environment. Others remained skeptical, wanting more concrete details about her policies before celebrating.
A Boost for Bitcoin?
Crypto investment firm QCP Capital suggested that Harris’ win in the upcoming election “may not be as bearish as the market thinks.” They attributed a recent surge in Bitcoin’s price to her remarks and “macro tailwinds.”
Behind the Scenes
Harris’ recent comments come after months of behind-the-scenes efforts by crypto advocates to influence her campaign. SkyBridge Capital founder Anthony Scaramucci, for example, has been working with Harris to develop her policies, aiming to distance the Democratic Party from crypto critics like Senator Elizabeth Warren and SEC Chairman Gary Gensler.
Mixed Reactions
While some, like Scaramucci, saw Harris’ statement as a major victory for Bitcoin, others were more cautious. Crypto investors are still waiting for more details about her specific plans for the industry.
A New Era for Crypto?
Despite the mixed reactions, many believe that Harris’ comments represent a shift in the political landscape. Alexander Grieve, Paradigm’s vice president of Government Affairs, believes this “should be the last anti-crypto administration,” regardless of the election outcome. He argues that the direction of travel for crypto in the US is clear, and that the industry is poised for growth.
