Will Harris Continue Biden’s Crypto Policies if Elected President?
United States Vice President Kamala Harris stands out among Capitol Hill politicians for her neutral stance on digital currencies, tokenization, blockchain, and non-fungible tokens (NFTs). Over the past four years, this hasn’t been a significant issue, as President Joe Biden has been vocal about his views on crypto.
Harris’s Position
With Biden announcing he will not run in the upcoming presidential election, the spotlight has turned to Harris. While it’s not guaranteed that she will secure the Democratic nomination, Biden has already endorsed her.
Former President Donald Trump’s plans for the crypto space may become clearer when he speaks at the Bitcoin Conference on July 27 in Nashville, Tennessee. For now, it seems safe to assume he is not anti-Bitcoin (BTC).
The critical question remains: What happens to crypto if Harris wins the presidency?
Potential President Harris
Even though Harris has not stated her official stance on crypto, we can speculate about her possible approach.
Staying the Course
Given her close political alignment with Biden, Harris may continue the current administration’s policies on digital assets. Her donors and supporters, primarily from Biden’s camp, may influence her to maintain the status quo rather than introducing drastic changes.
Tech-Friendly Yet Cautious
Despite her ties to Silicon Valley, Harris’s campaign disclosures indicate a lack of interest in digital assets among her donors. As a California native, she is perceived as a tech-friendly Democrat but has shown caution towards emerging technologies like artificial intelligence.
Possible Crypto Skepticism
Harris’s silence on cryptocurrency might suggest a dismissal of the technology. If this is true, she could generate anti-crypto sentiment during her campaign.
Electoral Calculations
The close margins between Trump and Biden before the latter dropped out highlight the delicate balance Harris must maintain. If Harris needs to secure additional support quickly, the key question is whether a pro-crypto stance would benefit her against Trump.
As the political landscape evolves, Harris’s approach to crypto will become a significant factor to watch in the upcoming election.
