A Shift in Stance?
Word on the street is that Vice President Kamala Harris is thinking about supporting the growth of the crypto industry. This is a big deal because the Biden administration hasn’t been super friendly to crypto. They’ve been cracking down on companies and throwing lawsuits around.
One of Harris’s advisors said she wants to make sure “emerging technologies” like crypto can keep growing. This seems like a change from the Biden team’s more cautious approach.
What’s the Deal?
The crypto industry has been begging for clear rules and regulations. It looks like Harris might be listening. She’s been talking about cutting red tape and making things easier for businesses.
It’s interesting because former President Trump was all about crypto. He even said he wanted to use Bitcoin to pay off the national debt!
The Crypto Tug-of-War
The crypto industry is getting more and more political. They’ve been throwing money at politicians, and it seems like they’re starting to get some attention.
Some people think that Harris’s stance is a way to win over the crypto crowd, especially if she runs for president.
What’s Next?
It’s still unclear exactly what Harris thinks about crypto. She hasn’t said much about it publicly. But her advisors say she’s all about making things easier for businesses, which could be good news for the crypto world.
It’s going to be interesting to see how this all plays out.
