US Presidential candidate Kamala Harris is set to bolster her crypto policies with backing from industry veterans, notably SkyBridge Capital founder Anthony Scaramucci. At the TOKEN2049 event in Singapore, Scaramucci announced that he and a coalition of crypto advocates are collaborating with Harris's team to refine her stance on cryptocurrency as the November elections approach.
Scaramucci stated, “There’s a group of cryptocurrency advocates, bitcoin advocates, etc., that are working alongside her to distance the Democratic Party away from Elizabeth Warren and [Gary Gensler].” This coalition aims to enhance Harris's image within the crypto community, especially in contrast to her rival, Donald Trump, who has actively promoted crypto-friendly legislation.
While Harris has been relatively quiet on her crypto support, Scaramucci noted that she is beginning to engage with proponents of the industry. He expressed optimism, saying, “I believe that we are making progress, and I think it’s going in the right direction.” Scaramucci, who endorsed Harris for the 2024 election, has a complex history with Trump, having briefly served as White House Communications Director in 2017.
In contrast to Harris's cautious approach, Trump has made bold promises to the crypto sector, including plans for Bitcoin legislation and proposals to use Bitcoin to help reduce the national debt. Despite their differences, Scaramucci acknowledged Trump’s understanding of the crypto industry’s significance, stating, “Whatever my feelings are about President Trump, I applaud him for understanding how important this industry is for the United States.”
To further engage with the crypto community, the Crypto4Harris advocacy group is hosting an event at the Atalanta Blockchain Center today, September 20. The event will feature a premiere screening of “Vitalik: An Ethereum Story” and discussions aimed at fostering support for the Harris-Walz campaign. The initiative seeks to create a platform for crypto enthusiasts to engage in constructive dialogue about a Democratic policy reset that encourages innovation while minimizing fear, uncertainty, doubt (FUD), and bias in the crypto sector.
As the election season heats up, the collaboration between Harris and crypto advocates could reshape her position on digital assets and attract a vital voting bloc. The upcoming events planned by the Crypto4Harris group will play a key role in this effort, paving the way for a more inclusive approach to cryptocurrency within the Democratic Party.
September 2024, Cryptoniteuae