Kamala Harris’s senior policy advisor claims she will support the digital asset industry to foster growth.
Scepticism persists within the crypto community, with varied responses to the advisor’s statements.
Legislation could play a significant role in Harris’s approach to cryptocurrency.Source Says Kamala Harris to Support Digital Asset Policy
A senior campaign advisor for policy to the Harris presidential campaign has come forward saying Kamala Harris will be supportive of the digital asset industry. Bloomberg reports that Brian Nelson, senior campaign adviser said she would aim to increase political influence in the emerging technology sector.
Some in the crypto community do not trust the statement; some call the development a lie, others need more convincing, and yet others would rather hear it directly from Harris herself.
Some believe it’s only a matter of time until Harris will warm up to the sector.
And a focus for Harris could be on legislating the sector. According to Nelson, cited by Bloomberg, legislation may be an important part of a Harris take on crypto.
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This statement is quite contrary to what others like Gary Gensler often say. The Chair of the US Securities and Exchange Commission (SEC) has long stated that “the rules of the road are clear” – effectively meaning no new regulation is required. This could give the sector perhaps some much needed clarity.
Trump Expands Lead on Polymarket
Meanwhile crypto-betting platform Polymarket has seen former President Donald Trump increase his odds of winning the November election by one point, now standing at 52%, while Harris has lost another point and is down to 46%. This comes after Harris had a 10-point lead over Trump just days ago.
Her lack of support for the industry and an absence of any crypto policy may have played a part in the sudden drop in the odds. Meanwhile, Donald Trump is now seen as the pro-crypto president amid reports he holds around one million USD in crypto.Source Says Kamala Harris to Support Digital Asset Policy
As mentioned before, Polymarket is not representative but it highlights the increasingly important role crypto plays in this election. Data shows that a quarter of eligible voters under 35 own crypto and of those 51% said they’d vote for the pro-crypto candidate.
However, platform 538 shows Harris is leading (non-crypto polls) ahead of Trump with 47% vs 43.7% and several other polls support her lead. It will be interesting to see if Harris will actually speak on crypto herself and if it will make a difference in the polls and give her a boost.
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