The latest news is that U.S. Vice President Kamala Harris promised during her campaign that if elected, she would promote investment in the cryptocurrency industry, which may herald more friendly policies toward this field.
On September 22, Harris said at an event in New York that she supports innovation in artificial intelligence and cryptocurrency and stressed the need for regulations to protect consumers and investors. This is a change from the Biden administration's previous strict stance on cryptocurrency, showing a possible shift in policy.
It is worth noting that Uniswap founder Hayden Adams expressed optimism on Harris’ public support for cryptocurrency and digital asset innovation on his social media account X.
However, there is no shortage of opinions in the community that differ from Adams. Among them, ETF Store President Nate Geraci retweeted his tweet and expressed irony about the Democratic Party's support for cryptocurrency, suggesting that such support seems destined to make us fail.
In contrast, Harris' Republican opponent, Trump, has openly expressed his support for cryptocurrencies, and even ended up paying for burgers with Bitcoin at a New York bar, showing his friendly attitude toward cryptocurrencies. Trump also promised to appoint regulators friendly to the cryptocurrency industry if he is re-elected.
According to the latest election forecasts, Harris is leading in key battleground states, which may be good news for the cryptocurrency community. However, experts have different opinions on whether the Democratic Party will really be favorable to cryptocurrencies. Some believe that although Harris's remarks are encouraging, the actual policy direction remains to be seen.
As the election approaches, the cryptocurrency community will be closely watching the policy moves of both candidates and how these policies affect the future of cryptocurrency. Whether it is Harris’ innovative support or Trump’s direct embrace, cryptocurrency seems to be gradually becoming part of the American political agenda.
Finally, according to the latest forecast by Polymarket, Harris leads Trump by 5 percentage points in the election, especially in key battleground states. Does this mean that there will be more policy supporters in the cryptocurrency community?
Viewpoint:
During the past four years of her vice presidency, Kamala Harris' Democratic Party has always been indifferent or unfriendly to cryptocurrencies. Moreover, during the Democratic administration, the SEC's lawsuits and accusations against cryptocurrency-related companies such as Consensys, Uniswap, Robinhood, Coinbase, and Silvergate Bank further reflected the relevant institutions' strict regulatory attitude towards the cryptocurrency industry.
Although this sudden change in policy may be due to a variety of considerations, including adjustments in campaign strategy, a reassessment of the voter base, or an awareness of the growing influence of the cryptocurrency industry, this sudden change in policy on the eve of the election results does make people wonder whether the real purpose behind it is to attract a specific group of voters rather than out of long-term considerations for the development of the industry.
In any case, Harris's statement at least shows recognition of the potential value of the cryptocurrency field and support for innovative technologies. But whether this can be translated into specific and effective policy actions remains to be seen.
What do you think of Vice President Harris’ potential shift in cryptocurrency policy? Leave a comment!
