Kamala Harris Shaping Crypto Policies with Support from Key Advocates, Says Anthony Scaramucci

Kamala Harris Shaping Crypto Policies with Support from Key Advocates, Says Anthony Scaramucci

Anthony Scaramucci, founder of SkyBridge Capital, announced on Friday that Democratic presidential candidate Kamala Harris is actively developing pro-crypto policies as part of her campaign strategy. According to Scaramucci, a team of cryptocurrency advocates is working closely with Harris to fine-tune her stance on the industry ahead of the November elections.

In a report by CNBC on September 20, Scaramucci emphasized that Harris is making efforts to distance the Democratic Party from the hardline anti-crypto positions of figures like Senator Elizabeth Warren and SEC Chair Gary Gensler. Both Warren and Gensler have led regulatory crackdowns on the crypto industry, notably through initiatives such as Operation Choke Point 2.0.

“There’s a group of cryptocurrency advocates, including Bitcoin proponents, who are collaborating with Harris to shift the Democratic Party away from the restrictive policies of Elizabeth Warren and Gary Gensler,” Scaramucci explained.

Harris is also reportedly engaging in crypto-focused discussions this week, meeting with industry experts to refine her policies. Among her notable supporters is Ripple Executive Chairman Chris Larsen. Scaramucci expressed optimism about the progress being made, noting that Harris’ campaign is moving in a promising direction.

Meanwhile, on the Republican side, Donald Trump has also turned his attention to the crypto space. The former president and his family recently launched a new cryptocurrency initiative called World Liberty Financial, further emphasizing the role of crypto in the 2024 election.

Skepticism from the Crypto Community

Despite these developments, some within the crypto community remain skeptical of Harris‘ crypto-friendly stance. Polymarket data currently places her ahead of Trump in a tight race, with Harris holding 51% odds compared to Trump’s 48%, boosted by strong campaigns in key swing states.

However, recent actions by Democratic leaders suggest that the party remains divided on the issue of cryptocurrency. A memo circulated during a recent crypto legislation hearing in Congress revealed that many Democrats view crypto as a partisan innovation. Some Democratic leaders have argued that repealing regulations like FIT 21 and SAB 121 would be detrimental, labeling them as initiatives driven by “extreme MAGA Republicans.”

Despite the political uncertainty, Scaramucci remains bullish on Bitcoin. He has reiterated his forecast for Bitcoin to reach a new record high of $100,000 by the end of the year, buoyed by the recent 50 basis point rate cut by the Federal Reserve and the ongoing momentum of the presidential race.