**Vice President Kamala Harris Expresses Support for Cryptocurrency**
For the first time, Vice President and Democratic presidential candidate Kamala Harris has publicly voiced her endorsement of cryptocurrency. During a fundraiser on Wall Street in New York, she highlighted her stance on digital assets, marking her initial public reference to the industry since announcing her presidential bid. Harris emphasized that, if elected in November, she would back the expansion of digital assets and artificial intelligence (AI).
At the in-person fundraiser, Harris outlined her economic strategy. She has faced criticism for not detailing her plans to bolster the cryptocurrency sector and address the nation’s escalating financial challenges. However, she assured attendees on Sunday that she aims to strengthen the American economy by partnering with key sectors, particularly innovators. She framed digital assets as part of the technological advancements she intends to support.
**Kamala Means Bitcoin, Says Scaramucci**
Anthony Scaramucci, managing partner of SkyBridge, elaborated on Harris’s remarks regarding digital assets, suggesting that she was specifically referring to Bitcoin. He argued that her comments on technological innovation hinted at an endorsement of Bitcoin should she win the election.
This statement followed Scaramucci’s earlier announcement that he was collaborating with Harris’s team to formulate policies designed to foster the growth of cryptocurrencies during her potential administration. At this year’s Token2049, he indicated progress on this front, stating that Harris would soon share more of her vision for the digital asset sector.
Scaramucci stands out as one of the few prominent figures in the cryptocurrency world to openly support Harris. Earlier this month, Chris Larsen, Chairman of Ripple, also voiced his backing for her, eliciting mixed reactions from the XRP community.
**Call for Clear Crypto Regulation**
Some analysts contend that the cryptocurrency industry requires better regulation, regardless of which candidate prevails in the upcoming election. Former President Trump has made his pro-Bitcoin stance clear since the onset of his campaign, with his recent payment in Bitcoin for burgers and the establishment of a family-oriented DeFi project bolstering his position.
Meanwhile, Harris appears to be warming up to the cryptocurrency space, evidenced by comments from her team and her acceptance of crypto donations. Nevertheless, her recent speech has not entirely alleviated concerns that the crypto sector may face challenges under her administration.
Several experts argue that skepticism surrounding Harris’s impact on the cryptocurrency industry is exaggerated, asserting that Bitcoin will continue to thrive irrespective of the election outcome. Ripple CEO Brad Garlinghouse also mentioned that the head of the Securities and Exchange Commission, Gary Gensler, is likely to be replaced no matter who becomes president.
These developments have positioned the cryptocurrency sector as a significant financial industry in the U.S., casting doubt on the likelihood of an intensified regulatory crackdown following the November elections. According to Polymarket, Harris currently leads the electoral race with a 52%-48% advantage over Trump.
**Disclaimer:** This article is intended for informational purposes only and should not be construed as financial advice. The opinions expressed herein reflect the author’s personal views and do not necessarily represent those of The Crypto Basic. Readers are encouraged to conduct their own research before making any investment decisions. The Crypto Basic assumes no responsibility for any financial losses incurred.
