The Kamala Harris campaign has taken the first step toward adopting a pro-crypto shift. The VP’s chances of winning the US 2024 elections have jumped to 43%.
Vice President Kamala Harris is allegedly seeking to reestablish her relationship with the crypto industry, a move seen as both strategic and controversial.
California Congressman Ro Khanna is set to host a significant meeting in Washington this week.
The roundtable will convene crypto industry leaders and political figures.
Kamala Harris Campaign To Attend Ro Khanna’s Crypto Roundtable
The crypto roundtable will include Democratic politicians.
The report by FOX Journalist Eleanor Terrett indicates that representatives from the Kamala Harris campaign will also participate.
This initiative signifies a significant policy shift, as it represents a renewed effort by pro-crypto Democrats to establish a new beginning with the industry.
Kamala Harris’ effort to change her position on cryptocurrency has not been without side effects.
Tennessee Senator Bill Hagerty recently expressed serious doubts about Harris’ new strategy. He said:
“It’s no surprise that after witnessing the monumental success of President Donald Trump at the Bitcoin conference in Nashville, Kamala Harris is, as she has on many other issues, making a desperate last-minute 180-degree flip to appear pro-crypto.”
Additionally, Senator Hagerty questioned the Biden-Harris administration’s earlier anti-crypto efforts.
He characterized them as “egregiously anti-innovation and anti-crypto.”
In addition, Senator Hagerty identified a discrepancy between the administration’s past actions and Harris’s new stance.
“Unfortunately for her, what can be is burdened by what has been three and a half years of egregiously anti-crypto and anti-innovation policies of the Biden-Harris Administration,” he remarked.
According to Hagerty, Harris’s shift in stance is unlikely to impact the crypto community, which he believes shares Republican values of freedom and innovation.
He emphasized that the GOP’s improved standing with crypto enthusiasts was demonstrated by the favorable reception of former President Trump at the recent Bitcoin Nashville 2024 event.
Hagerty concluded, “The Republican Party is the party of crypto, and no last-ditch effort from Kamala will change that.”
Harris’ Win Odds Rise
Harris has experienced a surge in the political trading market Polymarket, despite Hagerty’s criticism.
Her odds have increased by over 16% in the past ten days, while Donald Trump’s odds have decreased by the same amount.
Currently, Harris’s chances of winning are 44%, while Trump’s are 54%, indicating that the campaign is becoming increasingly competitive.
In July, Democratic Congressman Ro Khanna assembled a roundtable discussion regarding crypto regulations.
He invited notable individuals such as Ripple CEO Brad Garlinghouse and entrepreneur Mark Cuban.
Khanna demonstrated some degree of optimism regarding the prospective results of these discussions.
He asserted that the summit would set the path for the introduction of a comprehensive crypto regulatory framework in the United States.
Although specifics from the meeting have been scarce, Garlinghouse commended Khanna on social media.
The Ripple CEO characterized him as an “exceptional” leader who has been willing to engage with the crypto industry.
Industry leaders have responded with a variety of opinions regarding the Harris campaign’s advocacy for cryptocurrency.
Tyler Winklevoss, co-founder of Gemini, expressed skepticism as he encouraged Kamala Harris to fire Gary Gensler.
He said, “Talk is cheap. She would need to start by immediately firing Gary Gensler, withdrawing all SEC enforcement actions against good actors, and ending Operation Chokepoint 2.0.”
