Kamala Harris To Back Crypto Market Following DNC Policy’s Heavy Backlash

A senior campaign advisor said that Kamala Harris supports friendly policies for cryptocurrency to expand the emerging field. Despite having disapproved of it in the past, Kamala Harris will support the crypto market. Brian Nelson also took the view that Harris will support advanced technologies. This comes against the backdrop of the DNC platform rejecting cryptocurrencies.

Kamala Harris will support the pro-crypto policies to expand the MT and steadily develop technology, a campaign aid pointed out. This has been occasioned by massive sentiment flip after the DNC’s Platform cryptocurrency insult besides the Biden administration’s rather unfriendly disposition towards the space. Crypto amplifies its presence in the mainstream media, especially in the period leading to the United States presidential elections.

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Kamala Harris Wants To ‘Bolt’ Support For Crypto

Kamala Harris will endorse policies favourable to cryptocurrencies, the field realising their potential as emergent technologies. For its part, Bloomberg quoted a senior campaign adviser, Brian Nelson on the Democratic National Convention, where he said that Harris would back new technologies that are answering efforts to reach out to the crypto industry.

“Clearly they have stated that one of the things they lack are established rules, rules of engagement.”

Crypto stakeholders seek fair rule-making, aiming to avoid bottleneck policies diverting investments to more liberal jurisdictions. Regulators, like the SEC, facing lawsuits, hinder innovation.

Nonetheless, the supporters still have some quotes from Harris promising to unload bureaucratic processes limiting the usage of innovative technologies. Focus on cutting unnecessary paperwork and regulations, introduce new technologies while safeguarding consumer interests, and maintain stable business conditions along with clear and unique rules of the game.

This comes at a time when the DNC left out crypto from its platform while Trump and questionable tax reform have embraced it.

Market Momentum Surges

Before the election, leaders reached out to crypto voters in support of the market. Kamala Harris had a defensive campaign, while Donald Trump promised favourable regulation for innovation. Industry leaders favored Trump, despite Harris trying to rally support.

Crypto in Congress has seen gains this year with bipartisan support for digital asset bills. Industry leaders have funded Super PACs backing pro-crypto candidates in upcoming elections.