Kamala Harris Is Chiming in on Crypto

Now that Kamala Harris has the nomination for the Democratic Party and current President Joe Biden is stepping back from the limelight, Harris is making overtures toward crypto investors.

This election is about many issues that separate the two parties, and cryptocurrency has become one of the major talking points. In what many are calling “the crypto election,” there is a concerted effort from both major parties to appeal to crypto holding voters.

Young men tend to have crypto more than any other voter, and any appeal toward crypto investors is an appeal to that demographic. Donald Trump has already made considerable strides in reaching out to that sector of the voting public, thanks to his World Financial Liberty project as well as numerous statements that support limited regulation for crypto and the creation of a government crypto fund.  

The question will be posed to Kamala Harris before the election is over: What is your stance on cryptocurrency regulations? Her support team knows that, and Harris has started to take steps to show her support for cryptocurrency.

Harris is now demonstrating friendliness toward crypto and said recently at a Wall Street fundraiser, “We will encourage innovative technologies.” She listed both digital currency and AI in her speech as technologies that she is looking to help foster.

Reaching into Trump’s Voter Base

Many crypto investors have already made it clear that Donald Trump and the Republican Party are the clear choice for anyone who cares about cryptocurrency. It has been the Republicans who have strongly supported plans for cryptocurrency this election cycle, and they have fired shots at the Democratic Party for their strict stance on crypto in recent years.

The Democrats are seeing the value in appealing to younger male voters through a clear, strong support of crypto, and Harris’ recent comments may be the first salvo from their side to do that.

This is a direct appeal to the support base for Donald Trump over an issue that is being made partisan, even though it has little root in the traditional differences between the two major parties. As a relatively new technology, cryptocurrency is an issue that older politicians may not know how to tackle, but they are being advised by their younger support staff about the value of crypto and how important it is to younger voters.

We will likely see more overtures from Harris toward the crypto investors, and more details about what her plans are for crypto if her administration wins the election.