Kamala Harris will support the growth of the crypto industry
The Democratic presidential candidate is expected to support policies that will have a positive impact on the growth of the cryptocurrency industry. This was announced by Brian Nelson, a senior campaign advisor to Kamala Harris, during a roundtable discussion at the Democratic convention in Chicago, Boomberg reported.
Kamala Harris and cryptocurrencies
The Democratic presidential candidate herself has not yet commented on Bitcoin and cryptocurrencies, while her opponent Donald Trump has positioned himself very openly towards the asset class. Among other things, the Republican has promised to establish a Bitcoin reserve and to support the entire industry. Moreover, Trump's pro-Bitcoin position is even an integral part of the Republican party platform.
Although the Democrats are making overtures to the crypto industry in the background, they have not yet succeeded in winning over large sections of the community to Harris. In addition, the current vice president's economic plans are not exactly viewed positively by the influential Wall Street.
Is the turnaround coming?
However, the latest news from Bloomberg could now be a harbinger of the long-awaited turnaround.
Asked about Harris' efforts regarding the crypto community, Harris senior campaign adviser Brian Nelson replied the following during a Bloomberg News roundtable:
She’s going to support policies that ensure that emerging technologies and that sort of industry can continue to grow.
Brian Nelson, campaign adviser to Kamala Harris
This is the first official message - albeit somewhat indirect - from Harris' inner circle on her handling of Bitcoin and cryptocurrencies.
Nelson also stated that the industry has expressed a desire for stable rules.
Accordingly, it seems as if the Democrats want to ensure that they do not upset the industry and the many holders of digital assets as much as they have done in previous years.
US election campaign remains exciting
It remains to be seen whether Harris will position herself openly towards Bitcoin and Co. in the course of the election campaign and whether she can win over parts of the ever-growing Bitcoin and crypto community.
According to the betting markets, Donald Trump is currently ahead of the Democrat again. The fact that Robert F. Kennedy Jr. (RFK) announced a major speech yesterday for this Friday may also have contributed to this. RFK, who is a big Bitcoin supporter, is currently still running independently for the upcoming presidential election.
Rumor has it that he will withdraw his candidacy in the speech and join Bitcoin-friendly Donald Trump. This was reported to the news channel CNN by people who are said to be privy to Kennedy's plans. The Bitcoin price reacted positively to the news yesterday.
RFK's running mate Nicole Shanahan also said in a podcast interview on Tuesday that the campaign is considering whether to "team up" with Trump to prevent the "risk" of Kamala Harris winning the election.
With the support of Kennedy, who also wants to establish a Bitcoin reserve for the US, Donald Trump could find it easier to move into the White House in November and implement his Bitcoin-friendly policies. The asset should therefore continue to gain momentum if the probability of Trump's election victory increases.
In any case, it is also positive for Bitcoin that even the Democrats seem to feel compelled to be more open to the entire sector. Even if there is still little concrete news in this regard, it should be clear that the general headwinds in US politics will decrease significantly, allowing Bitcoin adoption to progress more strongly - even if Kamala Harris becomes the next US president.
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