Kamala Harris Seeks Crypto Advice From Mark Cuban: What Could This Mean For Digital Assets?

Vice President Kamala Harris’s advisors have begun conversations with billionaire entrepreneur and crypto advocate Mark Cuban, indicating a possible change in the Democratic Party’s stance on digital assets.

This development occurs as Harris starts her presidential campaign following President Joe Biden‘s decision not to seek re-election.

Harris’ Interest in Crypto

Cuban shared that Harris’ team has been inquiring about various aspects of cryptocurrency, suggesting increased attention to the market, Decrypt reported. This engagement hints that Harris might take a more business-friendly and innovative approach to digital assets compared to the current administration.

Cuban noted, “The feedback I’m getting, but certainly not confirmed by the VP, is that she will be far more open to business, [artificial intelligence], crypto, and government as a service.”

Potential Changes In Policy

Many in the industry have been concerned by the Biden administration’s cautious stance on digital assets. A Harris presidency could bring new policies that support a more favorable regulatory environment. Industry advocates are optimistic that Harris’ strong connections to Silicon Valley and the tech industry will lead to more supportive measures.

The Chamber of Digital Commerce, a crypto lobbying group, has encouraged Harris to back the industry and consider selecting a running mate who supports crypto. If these changes come to pass, they could help increase acceptance and investment in digital assets.

Importance Of This Development

The potential shift in the Democratic Party’s approach to digital assets comes at a crucial time. With the U.S. playing a major role in the global crypto market, regulatory changes could have significant effects on the industry.

This topic is expected to be discussed at the upcoming Future of Digital Assets event in New York City this November, shortly after the election. The event will bring together digital asset companies and institutional investors to explore the impact of these potential regulatory changes.

As Harris’ campaign progresses, the crypto community will be closely watching her policy positions. The ongoing discussions with influential people like Cuban highlight the increasing importance of digital assets in political discussions. Understanding and preparing for these potential changes will be crucial for those involved in the digital asset space.

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