As a seasoned researcher with a keen interest in finance and politics, I have been closely following the developments in the crypto space for years. The recent revelation at TOKEN2049 that US Vice President Kamala Harris is working on her crypto policies alongside industry advocates has piqued my curiosity.
During the TOKEN2049 gathering, Anthony Scaramucci, founder of SkyBridge Capital, disclosed that US Vice President candidate Kamala Harris is collaborating with advocates in the industry to shape her cryptocurrency policies prior to the November elections.
Kamala Harris “Distancing” From Warren And Gensler
On Thursday, Anthony Scaramucci stated he is collaborating with Kamala Harris in formulating her campaign’s cryptocurrency strategies. The founder of SkyBridge Capital declared at a major global crypto conference that Harris has been listening to experts within the industry.
Advocates for cryptocurrency and Bitcoin, including Scaramucci, are reportedly trying to influence the U.S. Vice President towards policies that favor the crypto industry. These discussions appear to be moving forward positively and heading in a beneficial direction, as he mentioned during the event.
Additionally, the sector aligns with Harris’ vision to keep cryptocurrency regulations from turning into a politically divisive matter. They aspire for the crypto landscape within the U.S. to be established as a bipartisan norm, detached from partisan and tribal disputes.
Scaramucci mentioned that efforts are being made to create some separation between the Democratic Party and influential figures such as Senator Elizabeth Warren and Gary Gensler, who have been instrumental in tightening regulations within the U.S. industry.
There’s a lot of talk about where the Democratic candidate stands on the issue since her nomination. However, it’s still unclear what Harris thinks because she hasn’t revealed her position yet. Despite this uncertainty, Harris has received support from industry heavyweights such as Chris Larsen, co-founder of Ripple, and Bitcoin advocate Mark Cuban.
Who Is The Crypto Industry’s ‘Favorite’ Candidate?
During the TOKEN2049 discussion, Scaramucci shared his thoughts regarding Donald Trump, the previous U.S. president. He praised the Republican nominee for recognizing the sector’s significance, asserting that Trump had transformed the political terrain prior to the elections.
Regardless of personal opinions towards President Trump, I commend him for recognizing the significance of this industry to the U.S., and it seems ironic that he’s inadvertently moving the Democrats toward a more moderate stance on regulations.
In recent times, Trump’s position has nudged the Biden-Harris administration towards adopting a more favorable standpoint for industries, including cryptocurrency. Recently, in an interview with CNBC, Charles Hoskinson – the founder of Cardano – hinted that Trump could be the preferred choice from a cryptocurrency viewpoint.
In his view, the Republican nominee enjoys strong backing from the industry due to his open support and involvement in the sector, extending so far as to initiate a DeFi project. Furthermore, during his political campaign, various memecoins inspired by him have been created, leading the PolitiFi token market.
Since the presidential debate on September 10, the US Vice President has been seen as having a better chance of winning than the Republican candidate, according to prediction markets like Polymarket. The current odds stand at 51% in favor of Harris, while Trump’s chances are estimated to be 3 percentage points lower.
Nonetheless, Hoskinson considers that regardless of who wins the election, the world will continue to move toward crypto adoption. “The world, with or without America, is embracing cryptocurrencies,” he stated.
In my current investigation, I’m observing that Bitcoin, the dominant cryptocurrency by market cap, is currently being transacted at approximately $63,480. Notably, this represents an 8% upward trend over the last seven days.
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2024-09-21 08:46