Kamala Harris accepted the Democratic nomination. A month into the presidential race, her stance on crypto is still unclear.
US President Joe Biden dropped out of the presidential race a month ago and endorsed Vice President Kamala Harris, who is likely to become the 47th President of the United States.
If Harris wins the election in November, it remains uncertain whether she will continue the Biden administration's hostile stance toward crypto or reset the industry and embrace it as her campaign. Said The Financial Times.
As Harris looks set to accept the Democratic nomination later today, here's what we know so far about her crypto stance.
Personal beliefs
Strangely, Harris has never publicly commented on crypto.
Financial disclosures indicate Neither Harris nor her husband, Douglas Emhoff, are familiar with the cryptocurrency sector — preferring instead to invest in Treasury bonds and emerging markets.
However, she is Has strong ties For the technology industry, The New York Times Reportedly in 2020, her nomination as vice president was considered “good news” for Silicon Valley.
Harris campaign reported She was in talks with Wikipedia Nashville organizers to appear at the meeting in July.
She eventually Refused to appear at an event headlined by her main rival, former President Donald Trump.
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Personnel options
The Democratic presidential candidate is still in the process of crafting his economic platform.
But Alex Thorne, head of research at crypto investment firm Galaxy Digital, Report shared from Bloomberg Business Harris reportedly hired two of Biden's advisers to help him with the matter: Brian Dees and Bharat Ramamurthy.
Ramamurthy's LinkedIn page shows He worked for Massachusetts Democratic Senator Elizabeth Warren — one of the most vocal crypto lawmakers in the US — for nearly seven years before moving to the White House.
Dees, for his part, is one of the co-authors of the White House Blog post It focuses on crypto exchange failures and fraud cases that came to light in 2022.
Ramamurthy and DC Also took responsibility For shutting down an important stablecoin bill working its way through the Senate The American Prospect.
Harris hired two others with links to crypto: David Plouffe, a former Obama adviser He also served as an advisor to Binanceand Brian Nelson, the Treasury Department's undersecretary for counterterrorism and financial intelligence under Biden.
Plouffe's hire is certainly encouraging for crypto, but Nelson More of a mixed bag. Like Ramamurthy, Nelson worked with Warren for many years — though industry leaders described him as thoughtful and considerate of space.
“It's always good to have someone advising our leaders about the threats to national security from the holes in our anti-money laundering rules,” Warren said. Said politics When Nelson joined the campaign.
At the DNC
Harris has a prime-time US opportunity to articulate his position on crypto when the Democratic Party unveils its official platform on Monday.
Despite mentioning artificial intelligence five times, the 92-page document makes no mention of bitcoin, crypto or digital assets.
Crypto supporters were quick to draw comparisons to the Republican Party's platform, which devoted an entire section to the industry — guaranteeing protections for bitcoin miners and protecting the right to self-custody digital assets.
However, Nelson said on wednesday Harris is looking to help the crypto industry grow.
“She's going to support emerging technologies and policies that will ensure that kind of industry can continue to grow,” he said. Bloomberg News.
Gensler as Treasury Secretary?
The Washington Reporter Also mentioned Harris said Monday that he is considering nominating Securities and Exchange Commission Chair Gary Gensler as Treasury secretary.
Gensler is particularly reviled in the crypto ecosystem, and the report caused outrage.
However, this contradicts the list of potential candidates for Treasury Secretary Bloomberg Business Report cited by Thorne.
That next article refers to Harris was considering National Economic Council Director Lyle Brainard or Commerce Secretary Gina Raimondo for the role and did not mention Gensler.
Tom Carreras writes about markets and US politics for DL News. Got a tip about Kamala Harris and Bitcoin? arrive at [email protected].