Kamala Harris Team- Harris Campaign Eyes Crypto Regulation: Team Starts Information Gathering
Kamala Harris Team– Vice President Kamala Harris’ presidential campaign team has started reaching out to gather information about the cryptocurrency industry. A source familiar with the matter described these initial discussions as a relatively high-level intro conversation, with Harris’ team seeking to understand the current focus on crypto and its significance. They are also interested in learning more about past interactions between the crypto industry and President Joe Biden’s advisors.
Campaign’s Growing Focus on Crypto Regulation
The source indicated that Harris’ team recognizes the importance of the crypto sector and is taking a deliberate approach to formulating their stance. They want to have positions on it… they’re going to take their time, the source noted.
Harris Emerges as Likely Democratic Nominee
Harris has quickly positioned herself as the probable Democratic nominee for the upcoming election against former President Donald Trump. Biden’s recent announcement of his decision not to seek re-election in 2024 and his endorsement of Harris has set the stage for her candidacy.
Former President Trump has promised to end what he describes as an unlawful and un-American crackdown on the U.S. crypto industry and has claimed the title of the first crypto president.
Ahead of the election, political action committees have accumulated significant funds. Pro-crypto group Fairshake has emerged as the largest super PAC of this election cycle, raising over $200 million.
Engagement with Industry Leaders
Harris’ campaign has reportedly engaged with notable figures such as billionaire Mark Cuban, who confirmed that advisors close to Harris have been reaching out to discuss crypto. Cuban did not respond to additional requests for comment.
Call for Thoughtful Regulation
Kristin Smith, CEO of the Blockchain Association, has expressed a desire to connect with the Harris campaign to advocate for thoughtful regulation of the crypto industry. Smith believes this is a prime opportunity for Harris to demonstrate leadership within the Democratic Party.
The Political Imperative of Crypto
Moe Vela, former senior advisor to Biden, emphasized the political significance of the crypto sector. With over 75 million Americans involved in crypto, he argues it’s crucial for both presidential campaigns to address the issue. Vela stressed the importance of candidates articulating their vision for integrating cryptocurrency into the financial system.
For the latest in crypto updates, keep tabs on Crypto Data Space.
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