Kamala Harris Win Odds Surge To 40% Amid Crypto Shift Talks
Highlights
- Kamala Harris's presidential campaign election odds boosts to 40%.
- Her team reaches out to key industry players like Ripple and Coinbase to improve relations and garner support.
- Harris's absence from the 2024 Bitcoin Conference contrasts with rival RFK Jr.'s bold crypto promises, highlighting varied strategies towards the crypto community.
Vice President Kamala Harris’s presidential campaign has gained unexpected momentum, fueled by her team’s reported outreach to major players in the cryptocurrency industry. This strategic move has sparked a notable shift in her election odds which saw a 5% increase at earlier hours of today, however the percentage has dropped.
Kamala Harris’s Crypto Outreach and Election Odds
Kamala Harris’s presidential campaign has gained momentum following reports that her team is reaching out to major crypto companies. This outreach, aimed at improving relations between the Democratic Party and the crypto industry, has led to an initial boost in her election odds.
On July 21st, President Joe Biden withdrew from the 2024 presidential race, endorsing Vice President Kamala Harris as the Democratic candidate. This unexpected shift has reshaped the upcoming election landscape.
Recent polls suggest Harris is narrowing the gap with Republican frontrunner Donald Trump, though she still trails. As of July 27th, Polymarket data shows Harris at 40% and Trump at 59% among likely voters. Harris has seen a 2% increase in her election odds, while Trump’s have dipped by 1%.
Sources close to the matter reveal that Harris’s campaign team is seeking meetings with crypto companies such as Ripple, Coinbase, and Circle in the coming days. This move comes after the crypto community showed strong support for Trump and criticized the Biden Administration’s crypto policies.
The Harris campaign maintains that these meetings are not primarily aimed at attracting new donations. Instead, they are positioned as an effort to demonstrate that the Democrats are “pro-business, responsible business,” according to a source close to the campaign.
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Crypto Community Reactions and Rival Strategies
This development coincides with the start of the 2024 Bitcoin Conference, Harris’s decision not to speak at the 2024 Bitcoin Conference, despite earlier rumors, has drawn criticism from the crypto community. Her absence was seen as an “epic mistake” and reignited disappointment among crypto enthusiasts.
In contrast, rival candidate RFK Jr. made a bold pledge at the Bitcoin Conference, promising to sign an executive order for the US to buy 550 Bitcoin daily until building a reserve of 4 million BTC if elected president.
These contrasting approaches highlight the complex relationship between political candidates and the cryptocurrency sector in the lead-up to the 2024 election.
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