Crypto leaders hope that Kamala Harris will patronize the industry unlike Joe Biden. However, the Democratic Party today unveiled a platform that does not mention Bitcoin or crypto.
Will Vice President Kamala Harris Support Crypto If Elected?
On Monday, that thought seemed a little less likely — for two reasons.
First of all, the Democratic Party Invented Its official venue is Monday during the Democratic National Convention in Chicago.
Although the 92-page document makes at least five references to artificial intelligence, it does not mention bitcoin, crypto, digital assets or blockchain technology.
For comparison, former President Donald Trump's official platform devoted an entire section to the industry — guaranteeing protections for Bitcoin miners and protecting the right to self-custody digital assets.
“Fence-sitters and apologists alike should take this opportunity to recalibrate your understanding of how bad Kamala is for crypto,” said crypto attorney Gabriel Shapiro. has been posted On X in response to the document.
Gensler for Treasury hubbub
Another hit came from a report from a Washington reporter Claiming Harris is considering nominating Securities and Exchange Commission Chair Gary Gensler to be Treasury secretary if she wins in November.
Industry heavyweights have heavily criticized the SEC under Gensler, accusing it of “regulation by regulation” and failing to provide a clear regulatory framework for crypto companies.
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However, commentators quickly identified the story as being based on commentary from an unnamed Senate staffer – so they were not privy to Cabinet appointment decisions.
“I have a better chance of being known as Treasury Secretary than Gensler,” said Sean Tuffy, a banking regulation expert and self-professed crypto skeptic. has been posted On X.
An important opportunity
Harris took over from President Joe Biden as the candidate of the Democratic Party in the US presidential election held about a month ago.
For some members of the crypto industry, Harris' candidacy represents an opportunity for Democrats to distance themselves from the conflict that has engulfed the Biden administration.
That hope also prompted figures like billionaire Mark Cuban, hedge fund veteran Anthony Scaramucci and Congressman Wiley Nickel to speak at a digital town hall organized by the pro-Harris group Crypto4Harris earlier this month.
Tom Carreras writes about US markets for DL News. Got a tip about Bitcoin and Kamala Harris? Reach [email protected]
Gensler by Related Matters