Vice President Kamala Harris' Team Contacted Mark Cuban On Crypto Policy

Advisors to Kamala Harris have reportedly engaged in discussions with billionaire and crypto enthusiast, Mark Cuban, implying a potential shift in the Democratic Party’s perspective on digital assets.

What Happened: Cuban disclosed that Harris’ team has been posing “multiple questions” about crypto to him, Decrypt reported. This comes less than two days into Harris’ presidential campaign, which was launched following Joe Biden‘s decision not to run for re-election.

The interest in crypto by Harris’ camp aligns with former President Donald Trump’s recent attempts to gain support from tech leaders, including prominent crypto executives.

Despite Harris' strong ties to Silicon Valley and the tech industry, she has not publicly expressed her stance on the sector. Cuban added, "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."

Also Read: Mark Cuban: Trump’s Re-Election Won’t Directly Impact Bitcoin’s Price

Why It Matters: Industry advocates remain optimistic that a Harris presidency could bring about a shift in Biden-era policies and result in a bipartisan agreement on a regulatory framework for digital assets. The Chamber of Digital Commerce, a crypto lobbying group, has encouraged Harris to support the industry and select a pro-crypto running mate.

The engagement between Harris’ team and Cuban signifies a potential change in the Democratic party’s approach towards crypto. The Biden administration’s cautious stance has been a point of contention for many in the crypto industry.

If Harris does indeed plan to adopt a more open approach, it could lead to significant changes in the regulatory landscape for digital assets. This could potentially boost the industry’s growth and acceptance among mainstream investors.

What’s Next: The influence of Bitcoin as an institutional asset class is expected to be thoroughly explored at Benzinga’s upcoming Future of Digital Assets event on Nov. 19.

Read Next:

• If You Invested $1,000 In Ethereum When Mark Cuban Called It Closest We Have To A ‘True Currency,’ Here’s How Much You’d Have Today

This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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