With Joe Biden out of the race, the political landscape is shifting, and questions about Vice President Kamala Harris’ stance on cryptocurrency are becoming more pertinent.

Harris’ Position on Crypto

Vice President Kamala Harris has been relatively silent on the topics of digital currencies, tokenization, blockchain, and non-fungible tokens (NFTs). Her neutrality stands in contrast to President Joe Biden, who has made his views on cryptocurrency clear during his time in office.

The Shift After Biden’s Announcement

The scenario changed dramatically after Biden announced he would not be running in the upcoming presidential election. While Harris is not guaranteed to receive the Democratic nomination, Biden has endorsed her, suggesting she is a strong contender.

In the meantime, former President Donald Trump is expected to clarify his position on cryptocurrency at the Bitcoin Conference on July 27 in Nashville, Tennessee. For now, it’s safe to assume that Trump is not anti-Bitcoin.

Harris as President: Implications for Crypto

Although Harris’ official stance on cryptocurrency is unknown, we can infer some possibilities based on her political background and affiliations.

• Continuity with Biden’s Policies: Given her close political alignment with Biden, it is plausible that Harris would maintain the current administration’s course on cryptocurrency. Her donors and supporters, many of whom come from Biden’s camp, might influence her to uphold the status quo.
• Tech-Friendly Background: As a California native with connections to Silicon Valley, Harris is seen as one of the more tech-friendly Democrats. Despite her cautious stance on artificial intelligence, her background suggests a potential openness to technological advancements, including blockchain and digital assets.
• Possible Anti-Crypto Stance: Harris’ previous lack of engagement with cryptocurrency could indicate an outright dismissal of the technology. If this is the case, she might adopt an anti-crypto stance as her campaign progresses, rallying support from those skeptical of digital currencies.

The Electoral Dynamics

The narrow margins between support for Trump and Biden before the latter ended his reelection bid highlight the potential volatility in voter preferences. Harris may need to strategically position herself on the issue of cryptocurrency to gain a competitive edge. The crucial question is whether a pro-crypto stance would benefit her against Trump or alienate potential voters.

As the race unfolds, Harris’ views on cryptocurrency will likely become clearer, shaping the future landscape of digital assets in the United States.

Source: Cointelegraph