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- Kamala Harris plans to support policies that help crypto grow while keeping some regulations in place.
- Trump has flipped his stance on crypto, now holding over $1 million in crypto and promising to reduce regulations if re-elected.
Kamala Harris is still trying to win over the crypto crowd. Her campaign has confirmed that she plans to support policies aimed at helping the crypto industry grow.
Brian Nelson, a top policy adviser for Kamala’ campaign, spilled the beans during a Bloomberg News roundtable at the Democratic National Convention, saying that Kamala is all about making sure emerging technologies like crypto can keep expanding.
Nelson’s words?
“She’s going to support policies that ensure that emerging technologies and that sort of industry can continue to grow.”
Meanwhile, Trump’s camp is already deep in the crypto game. Despite once calling crypto a scam, Trump now holds over $1 million in crypto and is singing a different tune.
He’s pitching himself as the guy who’ll cut through government red tape and let the crypto world breathe.
Trump has even promised to fire SEC Chair Gary Gensler if he’s back in office and replace him with someone more crypto-friendly. He’s also talking about setting up a crypto industry advisory council and creating a framework for stablecoins.
This change has won Trump some major supporters in the crypto industry. The Winklevoss twins have even thrown their support behind a pro-Trump group.
They’re backing him because they believe he’ll lighten the regulatory load on the industry, something they see as essential for growth.
But Kamala isn’t just going to sit back and let Trump take all the crypto votes. Nelson said that she believes there is the need for “stable rules” to keep things in check.
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Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
Jai Hamid
Jai Hamid has been covering crypto, stock markets, technology, the global economy, and the geopolitical events that affect markets for the past 6 years. She has worked with blockchain-focused publications including AMB Crypto, Coin Edition, and CryptoTale on market analyses, major companies, regulation, and macroeconomic trends. She has attended London School of Journalism and thrice shared crypto market insights on one of Africa’s top TV networks.
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