What is Kamala Harris's True Position on Crypto?

Vice President Kamala Harris has never been particularly vocal about digital currencies, tokenization, blockchain, or non-fungible tokens. For the past four years, it didn't really matter since President Joe Biden was the one doing most of the talking about cryptocurrency during his time in the White House.

Related: Gensler’s Potential Departure Promises a Bright Future for Crypto

But everything changed when Biden announced he wouldn't be running in the upcoming presidential election. Now, millions of crypto enthusiasts across the U.S. are holding their breath, eagerly waiting for those golden words from the potential Democratic candidate. So, what does Kamala Harris actually think about cryptocurrencies?

Will Harris Embrace Crypto?

There are plenty of reasons to believe that Harris might stick to the established course. Given that her political trajectory is closely tied to Biden, her sponsors and supporters come from his camp. This is noteworthy because, according to disclosed information, her sponsors show little to no interest in digital assets, even though they're connected to Silicon Valley.

Not knowing her official stance doesn’t mean we can’t guess what it might look like. It would be much easier for "President Harris" to shift the existing Democratic position than it would be for "Candidate Harris."

Harris is a California native, considered one of the most tech-friendly Democrats to emerge in recent years, despite her somewhat cautious stance on artificial intelligence. Her avoidance of cryptocurrency might be a similar direct ignoring of the technology itself.

In such a case, she might garner support from anti-crypto advocates as her campaign unfolds. But this is highly unlikely, given that during her tenure as California Attorney General, she forged close ties with leaders like Meta's Sheryl Sandberg, earning a reputation as a pro-business politician. Many in the crypto community hope she will bring that same perspective to her campaign and possibly the White House.

Digital Chamber Asks Democrats to Be More Crypto-Friendly

The Digital Chamber seized the moment to publish a letter urging Harris to support crypto legislation. The Chamber specifically requested that she choose a vice president with a "proven track record of engaging with digital asset technology and advocating for pro-innovation policies."

Despite public perception that the party holds a negative view on digital assets, largely due to the Biden-Harris administration's cautious and sometimes hostile approach to these technologies, the Chamber believes this previous hostility doesn't reflect the progressive and inclusive values of the Democratic Party. Harris's anticipated presidential candidacy presents an opportunity to change this perception.

They recommend adopting a forward-thinking approach to digital assets and blockchain technology, areas with enormous potential for innovation, economic growth, and financial inclusion.

The Chamber also asked the vice president to include "language supporting digital assets" in the Democratic Party platform and to hold open discussions with crypto industry leaders.

More: Biden Runs from the Elections - Here's Why It's Good News for Crypto

More than 50 million Americans have embraced digital assets, seeing them as tools for democratizing finance, spurring innovation, and creating new economic opportunities. Ignoring such numerous voters would be unwise. But we're not Kamala Harris, so we can only wonder: Will crypto face the same scrutiny under a Harris presidency, or will she take a softer stance?

Disclaimer: All materials on this site are for informational purposes only. None of the material should be interpreted as investment advice. Please note that despite the nature of much of the material created and hosted on this website, HODL FM is not a financial reference resource and the opinions of authors and other contributors are their own and should not be taken as financial advice. If you require advice of this sort, HODL FM strongly recommends contacting a qualified industry professional.