It appears bizarre to debate a US presidential election based mostly on attitudes in direction of cryptocurrencies however, as beforehand blogged, Donald Trump may be very pro-crypto. His perspective turned with NFTs of his picture. Nothing like narcissism.
Again then, I used to be running a blog about Donald Trump vs Joe Biden, and Biden wanting like a loser. Now, now we have Donald Trump vs Kamala Harris and, after this week’s presidential debate, it appears like Harris is rising and Trump falling. In spite of everything, whenever you resort to discussions of immigrants consuming the native canines and cats, one thing is improper.
Nonetheless, as the talk went on, it made me marvel concerning the democrats view of crypto. In spite of everything, America’s assist or assault on using cryptocurrency exchanges may have a big effect on the world view of cryptocurrencies.
I just lately postulated that the Presidency might hinge on crypto. In spite of everything, round one in 5 American adults maintain some type of cryptocurrency in keeping with Pew Analysis, though they aren’t satisfied such investments are secure.
However is that this the place a core battleground will kind? Unsure.
So, what does Kamala Harris take into consideration crypto?
We’re not positive. Harris hasn’t spoken in any respect about cryptocurrency, blockchain know-how or non-fungible tokens (NFTs) publicly, and the few oblique messages she’s sending don’t paint a transparent image both.
One one that may know is Mark Cuban. Mark Cuban is an American businessman, investor and tv presenter. He is among the primary “sharks” on the tv collection Shark Tank, a powerful influencer of public opinion and an advocate of cryptocurrency. Cuban states that Trump is taking part in the cryptocard to win the following election.
Speaking with Politico, Cuban says that Kamala Harris “shall be much more open to enterprise, [artificial intelligence], crypto and authorities as a service. Altering the insurance policies adjustments the message and lets everybody know she is in cost and open, actually, for enterprise.”
An alternate view nevertheless comes from David Bailey, CEO of the Bitcoin Convention, who tweeted, “I’m sorry, however [a] main democrat donor advised me Kamala says privately ‘Bitcoin is cash for criminals’”.
The factor that I didn’t know is that Kamala Harris has a deep background within the tech trade. Earlier than changing into a senator in 2017, she was California’s Lawyer Common, the place she centered on regulating the tech trade. Throughout this time, she constructed robust connections in Silicon Valley, making pals with influential folks like Laurene Powell Jobs and having household ties to Uber’s Chief Authorized Officer, Tony West.
Former Meta govt Sheryl Sandberg on Monday known as her “the strongest candidate to steer our nation ahead”. Netflix govt chairman Reed Hastings in an X publish congratulated Harris and mentioned that “now it’s time to win”.
In different phrases, we don’t know. Trump is overtly selling cryptocurrency as the longer term; Harris is sitting on the fence however, quietly, seems to be supporting tech innovation together with cryptocurrency innovation.
Either side subsequently give an fascinating perception into the way forward for crypto investments and laws.
From the democrat perspective, plainly tighter regulation is required on this space, and they aren’t comfy with digital belongings of this way. This is the reason The Digital Chamber despatched a letter to Kamala’s workplace stating:
“There’s a public notion that the get together holds a destructive viewpoint of digital belongings, largely because of the Biden/Harris Administration’s notably cautious and at instances hostile strategy to those transformative applied sciences. Your … candidacy for President represents a possibility to alter that notion.”
I suppose my conclusion sits with the view expressed by The Defiant which states:
Trump’s marketing campaign is already accepting Bitcoin and different cryptocurrencies for donations, gaining rising assist from trade leaders like Cathie Wooden, and Elon Musk … Trump’s supportive public statements have set a excessive bar on what the crypto trade can now anticipate from a presidential candidate. All eyes are on Harris now to see if she will meet these expectations.
