Kamala Harris, a Democratic candidate for the presidency, seems to be adopting a more conciliatory position towards the crypto industry, indicating a possible shift in approach from the strict stance of the Biden administration, with support for policies that promote the development of emerging technologies.
Kamala Harris’s Ambiguous Position
Kamala Harris, current Vice President of the United States and Democratic candidate for the presidency, seems to be adjusting her course. During a roundtable organized by Bloomberg at the Democratic National Convention in Chicago, Brian Nelson, a senior policy advisor for the Harris campaign, indicated that the candidate was in favor of developing policies that encourage the growth of the crypto industry.
A Strategic Turn in Response to Other Candidates
This more open position of Harris could be part of a broader electoral strategy, as the issue of cryptocurrencies becomes an increasingly central topic in the 2024 presidential race. Independent candidate Robert F. Kennedy Jr. and Republican representative Donald Trump have both expressed their support for more crypto-friendly regulations, which has contributed to their popularity among technology supporters.
Harris’s support for a more stable and predictable regulatory framework for cryptocurrencies also seems to respond to a growing demand from the industry, which laments the lack of clarity and the restrictive nature of current policies. If Kamala Harris is elected, her administration could initiate a significant shift in how the United States regulates digital assets, provided she keeps this promise. Establishing more stable rules and a transparent framework could foster innovation and attract more investment in the sector, while also providing the necessary safeguards to prevent abuses and financial scandals that have marked the recent history of this industry.
