Kamala Harris, the incumbent US Vice President, and Democratic presidential candidate is reevaluating her position on cryptocurrency. Her campaign recently reached out to leaders in the crypto industry to repair relations.
This shift has garnered significant attention, particularly within the crypto community, as it seems to be a response to the strong support former President Donald Trump has received from the industry.
California Congressman Ro Khanna is organizing a roundtable meeting that will include prominent figures from the digital asset industry and influential political leaders. Kamala Harris’ campaign representatives will also be attending this event.
This meeting, scheduled for Monday, aims to improve the relationship between the Democratic Party and the crypto sector, signaling a potential shift in US cryptocurrency policy.
Harris’ sudden pro-crypto stance has faced criticism, especially from pro-crypto Senator Bill Hagerty of Tennessee. Hagerty suggests that Trump’s success at the Bitcoin 2024 conference in Nashville prompted Harris’ new approach. He criticizes the Biden-Harris administration’s previous anti-crypto policies and views Harris’ new position as a desperate attempt to gain support.
Despite the criticism, Harris’ new stance has positively impacted her campaign. Data from Polymarket, a prediction marketplace, shows a significant increase in Harris’ election odds by over 16%, while Trump’s have declined by 18%. Harris’ odds now stand at 45%, compared to Trump’s 54%, indicating a shift in voter sentiment.
However, skepticism remains within the crypto community regarding Harris’ newfound support for the industry.
Tyler Winklevoss, co-founder of Gemini, expressed doubts about Harris’ commitment, questioning whether she would remove SEC Chair Gary Gensler if elected. He emphasized that tangible actions, such as firing Gensler, would be necessary to prove her genuine support for the crypto industry.
