A wild rumor has been circulating on the cryptocurrency world's social media accounts this week: Democratic Party new standard candidate Kamala Harris is reportedly “in talks” with Bitcoin 2024 organizers to speak at the annual industry conference, where her rival Donald Trump will also speak.
“They're making their decision today,” organizer David Bailey tweeted on Tuesday afternoon.
It had only been a few days since Harris had become the Democratic nominee for President, and her team had just begun to put together a campaign schedule; This made it impossible to attend a Bitcoin meeting in Nashville on short notice. However, when the campaign confirmed that it would not be able to attend, the conference greeted the news with anger. “No surprise, this would be a disaster for him,” Bailey wrote in X.
“Kamala Harris Seriously Considered Attending the Bitcoin Conference”
However, sources close to the matter said that the Harris team is seriously considering the invitation. This is important news. The Democratic Party candidate, whose leadership is implacably hostile to crypto, was in “talks” to appeal to 30,000 Bitcoin enthusiasts, reflecting how much policy could change under Harris.
The industry is now waiting to see whether Harris, who has a relatively blank slate when it comes to crypto, can win back some of the crypto voters who pledged their support to Donald Trump for his pledge to be the “crypto president.” Meanwhile, some in his own party are already pressing him to adopt a more positive tone. So when can we expect to hear it?
“He doesn't have much time to redefine himself,” the source told Fortune. “He has a very short time to say for sure that he is his own person.” said.
According to Harris, crypto is not a bad issue to raise along with others as a way to say, “With Biden in office, my vision will be different.”
Gary DeWaal, a former senior litigation attorney at the Commodity Futures Trading Commission (CFTC), told Fortune that he does not expect Harris to comment on crypto before August 7, when she will announce her vice presidential pick. “That's his priority right now,” he said.
The fact that the Harris team is considering Bitcoin 2024 is an unspoken statement on crypto that President Joe Biden's campaign would automatically decline the invitation. His administration has been reluctant to pass regulation through Congress, and Securities and Exchange Commission enforcement of crypto firms has increased under Chairman Gary Gensler.
Kamala Harris's Wife Is Cryptocurrency Friendly
When Biden became president, many of his economic advisers were former colleagues of Sen. Elizabeth Warren, a staunch critic of crypto. Harris doesn't have the same connections. The crypto lobbyist shared that Harris' tech advisor is believed to be pro-crypto and that her husband, Douglas Emhoff, is a “crypto guy.” “I expect it to change,” he added.
In a potentially hopeful sign, businessman and Bitcoin enthusiast Mark Cuban told Decrypt that he has received a lot of questions about crypto from the Harris team.
Harris taking a more open-minded stance on crypto and blockchain technology compared to Biden would be consistent with her career representing California in the US Senate, where she has regularly advocated for Silicon Valley. DeWaal “developed good relationships with technology industry leaders” while in public office, he added. Among them are executives like Meta's Sheryl Sandberg, and Sandberg has built close relationships with these executives, gaining a reputation as a pro-business politician.
All of this may lead the crypto industry to hope that Harris will change her predecessor's hard line. But for now, at least, all they have is hope.
*This is not investment advice.
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.......Kamala Harris's Wife Is Cryptocurrency Friendly...........
Who is her wife?