Kamala Harris collaborates with crypto advocates, including Scaramucci, to shape her 2024 campaign's crypto policies.
Scaramucci says Harris aims to distance her campaign from the anti-crypto stances of Warren and Gensler.
Harrisâs crypto policy talks signal a potential shift towards industry-friendly regulations ahead of the 2024 elections.
Anthony Scaramucci, the founder of SkyBridge Capital, has disclosed that he and a group of people supportive of cryptocurrencies are in touch with US Vice President Kamala Harris to develop a cryptocurrency policy for her presidential campaign.
Harris Distances From Warren and Gensler on Crypto
Scaramucci pointed out that the groupâs actions also aimed to move Harris away from the anti-crypto stances expressed by Elizabeth Warren and Gary Gensler. Warren has been vocal for increased regulation of the cryptocurrency industry. However, Gensler was also involved in the regulation of crypto businesses, which has raised concern among the advocates of DeFi.
https://twitter.com/CNBC/status/1836989320713961783
The efforts to redirect Harris's policies are believed to bring the party to the center of regulation and make it more attractive to wider audiences, appealing to the population's pro-crypto sentiment.
Scaramucci also stated that Harris is already meeting with crypto supporters and has more meetings to discuss crypto strategies. Crypto enthusiasts, who have been calling for fairer regulatory approaches that support innovation but do not put too many restrictions on it, welcome this engagement. Scaramucci believes such developments are on the right track and may indicate a change in Harrisâs position in favor of further support of the crypto industry.
Skepticism Persists Within Crypto Community
Harris has still interacted with crypto enthusiasts, but crypto circles remain skeptical. Given the Democratic Party's stance towards digital assets, some are skeptical about how far Harris will go in embracing industry-friendly regulations.
While some view her involvement as a positive step, there are still questions about whether these new policies will result in tangible support for this industry. Some have said that Harrisâs policy shift may not be enough to cover crypto interest in getting the kind of regulatory green light they desire.
This cautious optimism is due to the general concern about how the future elections in the United States will affect the regulation of cryptocurrencies. Many still await clear policy changes that mark a new industry development phase.
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