Kamala Harris Crypto Reset Unlikely To Boost Struggling Campaign

Vice President Kamala Harris’s recent shift in cryptocurrency policy has failed to generate the boost her struggling campaign desperately needs. As the 2024 election looms, Harris’s attempt to rebrand herself as crypto-friendly is being met with widespread skepticism from both political rivals and industry experts.

This sudden pivot, coming after years of perceived hostility towards digital assets from the Biden-Harris administration, has raised questions about its authenticity and effectiveness in wooing crypto-savvy voters.

Kamala Harris’s Crypto Policy Shift Meets Skepticism

Vice President Kamala Harris’s recent attempt to pivot on cryptocurrency policy is being met with skepticism from both political opponents and industry observers. Tennessee Senator Hagerty, in a statement to reporter Eleanor Terrett, suggested that Harris’s new crypto strategy is “burdened by what has been,” echoing a phrase often used by the Vice President herself.

When asked about Harris’s “crypto reset” and its potential impact on her campaign, Senator Hagerty was critical:

“It’s no surprise that after witnessing the monumental success of President Donald Trump at the Bitcoin conference in Nashville, Kamala Harris is as she has on many other issues making a desperate last-minute 180 degree flip to appear pro-crypto,” Hagerty stated.

The Senator went on to highlight what he sees as a contradiction between this new stance and the Biden-Harris administration’s previous policies: Unfortunately for her in his view, what can be is burdened by what has been three and a half years of egregiously anti-crypto and anti-innovation policies of the Biden-Harris Administration.

Hagerty asserted that the cryptocurrency community, which he claims shares Republican values of freedom and innovation, is unlikely to be swayed by Harris’s change in position. He pointed to the reception of former President Trump at the recent Bitcoin Nashville 2024 event as evidence of the GOP’s stronger standing with crypto enthusiasts. Hagerty concluded by saying the Republican Party is the party of crypto and no last-ditch effort from Kamala will change that.

This development comes as Harris’s campaign continues to struggle, with her new crypto strategy apparently failing to gain traction among key voter demographics. As the 2024 election approaches, the role of cryptocurrency policy in shaping voter preferences remains a topic of keen interest in political circles.

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Crypto Industry Leader Warns Against Empty Promises

Adding to the skepticism, Cameron Winklevoss, co-founder of crypto exchange Gemini, recently warned that Harris and her advisors might attempt to lure the crypto industry with false promises in the coming months.

Winklevoss urged the Vice President to take decisive and concrete action on crypto regulations, stating that promises alone won’t be enough to mend the damage done over the past four years. He specifically called for Harris to demonstrate her commitment by firing SEC Chair Gary Gensler before November, echoing Trump’s vow to do so on his first day in office if elected.

As Harris’s campaign continues to struggle, the role of cryptocurrency policy in shaping voter preferences remains a topic of keen interest in political circles, with many doubting that this last-minute pivot will be enough to turn the tide in her favor.

Also Read: Upbit, Coinone, Bithumb Face New Fees Under South Korea’s Crypto Law