A recent rumor about Vice President Kamala Harris considering an appearance at Bitcoin 2024, a major industry conference, has sparked discussions about a possible shift in the Democratic party’s approach to crypto.
What Happened: While the rumor was ultimately debunked, sources close to the matter told Fortune that Harris’ team had given the invitation “serious consideration.”
This revelation has surprised many, given the current administration’s generally hostile stance towards cryptocurrency.
“She doesn’t have a lot of time to redefine herself,” an anonymous crypto lobbyist and former White House advisor told Fortune.
The source suggests that Harris might use crypto policy as a way to differentiate herself from the Biden administration, potentially embracing tech and innovation more openly.
Harris’ background as a Senator from California, where she developed good relationships with tech industry leaders, adds another layer to the speculation.
Gary DeWaal, a former senior trial attorney at the CFTC, noted, “[She] developed good relations with tech industry leaders.”
Further fueling the speculation, businessman Mark Cuban reportedly received multiple inquiries about crypto from Harris’ camp.
This outreach suggests a level of interest and engagement that contrasts sharply with the current administration’s approach.
However, experts caution against jumping to conclusions.
DeWaal believes Harris is unlikely to make any definitive statements on crypto before Aug. 7, when she’s expected to announce her vice presidential pick.
What’s Next: The Benzinga Future of Digital Assets event on Nov. 19. will provide a platform for industry leaders and policymakers to discuss these developments and their implications for the future of digital assets in the United States.
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