Doubts Arise Over Harris’s Support for Cryptocurrency

The absence of Democratic presidential candidate Kamala Harris from the Crypto for Harris event has led the community to question her support for the crypto industry, according to FOX Business.

Journalists noted that the event did little to sway the skeptically inclined audience towards Harris, if that was indeed the goal.

This conclusion was drawn after speaking with dozens of crypto enthusiasts. The 90-minute virtual gathering featured prominent Democratic lawmakers and billionaire Mark Cuban, with over a thousand viewers tuning in to the live stream.

The vast majority expressed doubt that Harris would genuinely pursue the “crypto reboot” advocated by her party colleagues and industry leaders. This skepticism is largely due to her not yet publicly disclosing her stance on digital assets.

Harris and her campaign team did not participate in Crypto for Harris. Consequently, viewers were left without answers on whether she would influence regulatory pressures, which she tacitly supported as part of outgoing President Joe Biden’s team, or replace the industry’s main antagonist, SEC Chairman Gary Gensler.

Senate Majority Leader Chuck Schumer promised attendees that cryptocurrency legislation would be voted on and passed by the end of the year. He stated that it should strike a “balance between encouraging innovation and common sense.”

Entrepreneur Mark Cuban used his brief remarks to criticize Republicans and expressed a desire to see the prosperity of “Bitcoin maxis.”

Organizers of Crypto for Harris pledged to consider community feedback to achieve more active engagement and tangible progress at future events.

According to Polymarket, Harris leads her Republican opponent Donald Trump, 53% to 44%. The volume of bets on the presidential election outcome has approached $606 million.

Former BitMEX CEO Arthur Hayes has downplayed the significance of the U.S. election outcome for Bitcoin’s prospects.

Earlier, Bloomberg noted the hopes of Bitcoin companies for Trump’s return to the White House.