With 85 days left before the U.S. presidential elections, Kamala Harris has been urged by her supporters to clarify her stance on cryptocurrency. As the digital currency market continues to grow, many voters see this as an issue that could influence their decision at the polls.
Since Harris announced her presidential bid on July 21, the Harris-Walz campaign has remained silent on the issue and has left crypto enthusiasts and the rest of the world with nothing but speculations and guesses.
Also, Kamala Harris, the Democratic Party nominee for the U.S. presidential elections has failed to attend crypto-based events like the Bitcoin 2024 Conference in Nashville. The only certainty is that her stance would either encourage or discourage a significant number of voters who see blockchain technology as an integral part of technology advancement world-wide.
Will Trump's Crypto U-Turn Force Harris to Break Her Silence?
Donald Trump, her Republican rival, has been more vocal about his stance. Having publicly made it clear in the past that he is not a fan of cryptocurrencies, referring to Bitcoin as a "scam" and calling for stricter regulations, the former U.S. President has recently reversed his position on crypto and has gone from calling it a “scam” to backing the industry. The former President also attended the Bitcoin 2024 Conference in Nashville, where he gave a speech.
“I will ensure that the future of crypto and bitcoin will be made in the USA, not driven overseas. I will support the right to self-custody to the nation’s 50 million crypto holders,” Trump said at the Libertarian National Convention. “With your vote, I will keep Elizabeth Warren and her goons away from your bitcoin. And I will never allow the creation of a central bank digital currency.”
In the midst of all these, Harris’ crypto policy has remained unknown, and with just a few months to the election, stakeholders in the Republican Party are of the opinion that now is the time for Hariss to make a stand.
Will Kamala Harris’ Crypto Opinion Impact Her Campaign?
Some believe that the Harris-Walz Campaign may be avoiding the topic due to the potential political risks associated with taking a strong stance on cryptocurrency.
On one hand, advocating for digital currencies could win them the support of younger voters who view blockchain as the future of finance. On the other hand, a pro-crypto position could make them lose older voters who are concerned about the risks of unregulated markets, the environmental impact of cryptocurrency mining, and the potential for illicit activities.
Final Insights
It is important to note that some crypto industry leaders such as Coinbase CEO, Brian Armstrong, have shown an indifference to the winner of the election and are optimistic about the future of the crypto world and hinting that the success of the cryptocurrency industry is not dependent on any single administration or political figure.
Many believe that while government policies can influence the speed and direction of crypto development in the short term, the long-term trajectory of the industry is set on a path of growth and integration into mainstream finance.