- Harris aide believes the vice president’s crypto policies will support emerging technologies
- Executives such as Coinbase’s Chief Policy Officer responded positively to this outreach effort
The Democrats, led by President Biden and now Vice President Kamala Harris, have long been in the background when it comes to crypto policy. Thanks to the efforts of former President Donald Trump and the shift to crypto, many in the community are now hoping for a Republican victory when the election rolls around.
Could that change, though? Well, VP Harris certainly thinks so. That’s why her campaign has been reaching out to crypto executives lately in an effort to gauge them. This might work too. That is, according to Coinbase’s Chief Policy Officer – Faryar Shirzad.
In a recent post on But contrary to popular belief, he was believes that this ‘dialogue has been an important first step’.
He added:
“I greatly appreciate their constructive approach and their focus on advancing innovation, jobs and consumer protection in the US.”
Here it is worth pointing out that Shirzad went on to claim that Brian Nelson’s statement is also an “encouraging second step in this direction.” Nelson, a senior adviser to the Harris Campaign, was recently in the news after declared,
“She [Harris] will introduce and support policies that ensure that emerging technologies and that type of industry can continue to exist.”
Democrats vs. Republicans
Nelson’s statement and the initial positive reactions to it seem to indicate that Harris and the Democrats may be ready for their own pivot toward cryptos. The timing could be crucial here, especially as many in the crypto community are not happy with the way the Biden administration, and especially the SEC’s Gary Gensler, has handled this emerging asset class.
Most see Republicans and Donald Trump as more responsive to their concerns. Especially in light of Trump’s recent endorsement of the industry. Many crypto holders are single-issue voters, which is why political analysts across the spectrum now believe that concrete crypto policy is imperative.
Republicans were perhaps the first to recognize this. That’s why most crypto financing efforts this election cycle are tilted in favor of the Trump campaign. Popular crypto personalities like the Winklevoss brothers have already raised millions in crypto for Trump. Similarly, crypto mining executives have visited the former president at his Mar-a-Lago resort and are now promising to raise even more millions.
For his part, Trump also accepts crypto donations.
Therefore, it is still too early to say whether Harris’ latest campaign will have any impact.