With the U. S. Vice President Kamala Harris eyeing to run for the presidential seat in 2024, the crypto fraternity is concerned about her stand on the crypto market. With recent consultations with billionaire Mark Cuban on crypt policies, analysts and industry professionals are considering changing tactics.
The chief executive officer of Ripple, Brad Garlinghouse, kept off politics on the matter. To counter such expectations based on the experts’ advice regarding Harris’s propensity for positive staking on the industry, Garlinghouse admitted to her familiarity with Silicon Valley, which could redefine America’s financial structure. However, he raised the possibility that Harris might become as anti-crypto as Elizabeth Warren.
Also Read: Ripple CEO Joins Crypto Leaders for Crucial Policy Discussion Amid U.S. Election
Industry Reactions and Speculations on Kamala Harris’s Crypto Policies
Garlinghouse said this in response to Paradigm Policy Director Justin Slaughter on possible changes in the Biden team. Cuban based his optimism towards the probability of Harris enacting specific policies, stating, “The feedback I’m getting, but certainly not confirmed by the VP, is that she will be far more open to business, [artificial intelligence], crypto and government as a service,” Previously, changing the policies means that the image changes and alerts everyone that she is in charge and open for business, literally.
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Despite some optimism, Gemini co-founder Cameron Winklevoss has been a vocal critic of the Biden administration’s approach to crypto, arguing that Biden and Harris are actively trying to “kill it.” Winklevoss also opined that the Biden-Harris administration has politicized the whole affair of crypto. He humorously described the concept of the “Crypto Amnesia Partisan Syndrome (CAPS)” to conclude that cryptocurrency was part of both the Obama and the Trump administrations.
As Vice President Kamala Harris gears up for her 2024 presidential campaign, the crypto community eagerly awaits her stance on digital assets. With contrasting views from industry leaders like Mark Cuban and Cameron Winklevoss, the potential policy direction remains a topic of significant interest and speculation. The coming months will reveal whether Harris’s policies will favor the burgeoning crypto industry or take a more cautious approach.
Also Read: Ripple CEO Warns U.S. Risks Lagging in Global Crypto Race Amid Regulatory Uncertainty
Maxwell Mutuma
Maxwell is a crypto-economic analyst and Blockchain enthusiast, passionate about helping people understand the potential of decentralized technology. He writes extensively on topics such as blockchain, cryptocurrency, tokens, and more for top publications such as Coingape, Coin Edition, and The Coin Republic. His goal is to spread knowledge about this revolutionary technology and its implications for economic freedom and social good.