Kamala Harris has reportedly selected Minnesota Governor Tim Walz as her running mate in the 2024 US election.
US Democratic presidential candidate Kamala Harris has reportedly selected Minnesota Governor Tim Walz as her vice presidential candidate.
The upcoming U.S. presidential election has been one of the most talked-about topics in town, with high expectations for the Trump-Harris race.
The market is currently buzzing with anticipation due to the most recent reports that Vice President Harris has selected Walz as her running mate.
Kamala Harris Taps Tim Walz As VP Candidate
According to a recent CNN report, U.S. presidential candidate Kamala Harris has recently selected her running mate for the upcoming U.S. election.
The report cited four people familiar with the situation and indicated that VP Harris is placing a wager on Tim Walz as the VP candidate.
Several reports from earlier today have suggested that the US Vice President has already made a decision.
However, none of the reports provided confirmation, which has led to heightened anticipation about Gary Peters and Josh Shapiro as potential candidates.
Harris Picks Walz—What Does it Imply for the Crypto Industry?
Walz has not yet issued a public statement on cryptocurrency; however, he advocates for more stringent regulations.
According to his profile on iSideWith, Walz believes that the US government should establish more stringent regulations around cryptocurrency use.
However, he does not endorse classifying cryptocurrency as a legal form of payment.
Moreover, he does not believe that the use of cryptocurrency for cross-border payments should be prohibited entirely.
Bitfinex analysts also consider Harris’s perspective on the crypto industry to be a variable that could potentially lead to increased regulatory scrutiny:
“Harris’s stance on cryptocurrency isn’t well-documented, making it difficult to predict with certainty. However, Harris’s political positions suggest a focus on consumer protection and financial regulation, which might imply continued scrutiny of the crypto market.”
Harris’s choice happens two weeks after US President Joe Biden announced his withdrawal from the 2024 presidential race.
Trump Leads Despite Harris’ Latest Move
The odds continue to favor Republican candidate and former United States President Donald Trump, despite Harris’s revealing her running mate.
Polymarket indicates that over 53% of respondents anticipate Trump’s victory in the 2024 presidential elections, while only 46% of respondents anticipate Harris’s victory.
The world’s largest prediction market has recorded wagers of over $64 million on Trump’s potential victory and over $50 million on Harris.
The crypto industry regards Trump as a more innovation-friendly political candidate.
Bitcoin briefly regained the $68,000 mark in July following Biden’s announcement of stepping down from the election race.
