Where does Biden Vice President Kamala Harris stand on cryptocurrencies?

Compiled by: Felix, PANews

The on-chain prediction market Polymarket shows that in the prediction of the 2024 Democratic candidates, US Vice President Kamala Harris’s winning rate has risen to 42%, and Biden’s winning rate has risen to 42%. dropped to 37%.

Although a White House spokesperson has denied that Biden is considering withdrawing from the race, the probability of Biden withdrawing from the race has risen to 65%. At the same time, in the prediction of the winner of the presidential election, Vice President Harris’s winning percentage rose to 16%. Although there is a certain gap with Trump (61%), it surpassed Biden (12%), only 16%. Second to Trump.

The sudden rise of Vice President Harris has triggered a lot of speculation among crypto people. What is her stance on cryptocurrency? Have you ever been involved in or expressed your views on the encryption field before? The following is the relevant information learned.

Harris emerged as the top choice for the Democratic nomination after Biden's poor performance in the debate with Trump last week. The question of Harris’ stance on cryptocurrencies appears to be more pressing.

Although Biden has vowed to continue running, Harris has not publicly run for the 47th President of the United States. However, according to Polymarket predictions, Harris's presidential election winning rate has recently risen to 16%. Although there is a certain gap with Trump (61%), it has surpassed Biden (12%) and is second only to Trump.

At the same time, a Harris-themed meme coin called Kamala Horris emerged. According to Coingecko data, the meme coin has risen by about 600% in the past week and has soared by more than 1,500% in the past 30 days.

Given that the crypto industry has become a hot topic in this year’s election and Harris’s meteoric rise, her stance on cryptocurrencies seems extremely important.

The Biden administration has been hostile to the crypto industry, but Harris’ stance is more elusive.

Harris has never taken an official stance on cryptocurrency or commented on the industry.

Financial disclosures show that neither Harris nor her husband Douglas Emhoff has been involved in the crypto field, but prefers to invest in U.S. Treasury bonds and emerging markets.

It’s worth mentioning that during the 2020 election, Harris did hire Ryan Montoya, the former chief technology officer of the Sacramento Kings basketball team (NBA basketball team), to be her scheduling director.

Under Montoya’s leadership, the Sacramento Kings became the first team in the world to accept Bitcoin, according to Montoya’s LinkedIn profile. The team has also mined Ethereum and launched an NFT series.

Montoya now works in the White House as Assistant to the President, but he still has his original scheduling responsibilities. Therefore, Montoya is unlikely to have an impact on policy.

But according to a 2020 report by the New York Times, Harris, who is from San Francisco, has close ties to the technology industry. When she was nominated as vice president, she was seen as "good news" for Silicon Valley.

With the cryptocurrency lobby heating up and Wall Street banks getting involved on behalf of the industry, it might be “reasonable” for Harris to come out in support of Bitcoin ahead of the presidential campaign. Of course, Harris may also adopt the same attitude as Biden and adopt policies to suppress cryptocurrencies.

As the election approaches, PANews will continue to follow Harris’s attitude towards cryptocurrency.

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