Is Kamala Harris’s Pro-Crypto Stance the Key to Winning the 2024 US Election?
Vice President Kamala Harris is signaling a pro-crypto stance, which has led to a surge in her 2024 election odds to 44%.
Upcoming Crypto Roundtable Hosted by Ro Khanna
California Congressman Ro Khanna is organizing a key crypto roundtable this week in Washington. The event will bring together crypto industry leaders and political figures, including representatives from the Harris campaign. This marks a strategic effort by Harris to improve her relationship with the cryptocurrency sector
Harris’s Strategic Pivot
Harris’s new focus on cryptocurrency is a bid to realign with the industry and address previous criticisms. According to FOX Journalist Eleanor Terrett, the roundtable will feature Democratic politicians and industry leaders, highlighting a renewed effort from pro-crypto Democrats to reset their stance.
Criticism from Senator Bill Hagerty
Senator Bill Hagerty has criticized Harris’s change in position. He argues that Harris’s shift is a reaction to former President Donald Trump’s success at a recent Bitcoin conference. Hagerty described the Biden-Harris administration’s previous crypto policies as “egregiously anti-crypto” and questioned the sincerity of Harris’s new stance.
Harris’s Rising Odds
Despite the criticism, Harris’s chances of winning the election have increased, according to Polymarket. Her odds have risen by over 16% in the past ten days, while Donald Trump’s odds have decreased similarly, making the race more competitive.
Ro Khanna’s Crypto Initiatives
Earlier in July, Ro Khanna hosted a roundtable on crypto regulations with notable figures like Ripple CEO Brad Garlinghouse and entrepreneur Mark Cuban. Khanna expressed optimism about the discussions shaping a robust crypto regulatory framework in the US. Garlinghouse praised Khanna for his engagement with the crypto industry.
Mixed Reactions from Industry Leaders
Harris’s pro-crypto shift has drawn mixed reactions. Tyler Winklevoss, co-founder of Gemini, has called for more decisive actions, such as firing SEC Chairman Gary Gensler and ending enforcement actions against industry players. Winklevoss’s comments reflect ongoing skepticism about Harris’s commitment to supporting the crypto sector.
As Harris navigates this complex issue, her campaign’s stance on cryptocurrency will continue to be a key topic leading up to the 2024 elections.
