Kamala Harris All In On Crypto?🤔

Reports are coming in that Kamala Harris is attending the Bitcoin conference and her camp is asking about Crypto!

Jul 24, 2024

GM Thinkers 💡

Kamala Harris Embraces Crypto: A New Era for Democrats?

In a surprising twist, Democratic Presidential candidate Kamala Harris appears to be embracing the world of cryptocurrency. Over the past few days, significant developments have emerged, signaling a potential shift in the Democratic Party’s stance on crypto.

Harris' Camp Seeks Insight from Mark Cuban

Billionaire investor and crypto enthusiast Mark Cuban revealed that Harris’ team has been actively reaching out to him with numerous questions about cryptocurrency. “I'm getting multiple questions from her camp about crypto,” Cuban said on Tuesday. “So I take that as a good sign.” He further 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.”

Potential Bitcoin Conference Appearance

David Bailey, CEO of Bitcoin Magazine and conference, also shared intriguing news. He claimed that Harris' campaign is currently deliberating on whether she should make an appearance at an upcoming Bitcoin Conference. Bailey tweeted, “We’re in talks with Kamala Harris campaign for her to speak at the conference. It would be very savvy of her to reset the Democrat positioning on the fastest growing voter block in the country. They’re making up their minds today.”

A 180-Degree Shift in Democratic Strategy

This potential embrace of crypto by Harris represents a significant departure from the previous anti-crypto stance led by Senator Elizabeth Warren. The Democratic Party seems to be realigning its approach to crypto, acknowledging the growing influence and voter base within the crypto community.

Pro-Crypto Super PAC Gains Momentum

In related news, the pro-crypto group Fairshake has become the largest super PAC of the election cycle, raising over $200 million. This substantial funding highlights the increasing importance of crypto-friendly policies and the political clout of the crypto community. Ignoring this voter base could prove detrimental for any candidate.

The Trump Factor

Harris' potential endorsement and appearance at a Bitcoin conference could counterbalance the influence of Donald Trump, who has already fully embraced the crypto industry and made it a cornerstone of his campaign.

A Non-Partisan Issue

Ultimately, the integration of crypto into mainstream politics should transcend party lines. Both Democrats and Republicans have much to gain by supporting the burgeoning crypto industry, ensuring it becomes a non-partisan issue that fosters innovation and economic growth.

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📰 Latest Crypto News:

The Ethereum ETHs had a successful launch yesterday. Here is what Bloomberg analyst James Seyffart said:
“Day 1 Recap: Ethereum ETFs now have $10.2 Billion in assets across 9 ETFs. Volumes on day 1 were over $1.1 billion for the group. Total net flows were +$107 million after a accounting for the massive -$484 million that came out of ETHE. Very solid first day"

Ferrari to accept Bitcoin & Ethereum payments in Europe. - source
The Swiss creator of ProtonMail launches a self-custody Bitcoin wallet. - source
Crypto firm Flowdesk hires former NYSE counsel as it looks to build US presence - source

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