- Biden-Harris crypto priority shift has led to criticism from the crypto community
- Chuck Schumer rules out crypto regulation, raising crypto community concerns
- Donald Trump is ahead of Kamala Harris on Polymarket with 52% vs. 47% respectively
On the eve of the US election 2024, with each candidate competing for pro-crypto voters, Kamala Harris unexpectedly started performing well, but her support has fallen to date due to the ambiguity of her stance.
This has also been heavily fueled by the lack of prioritization of crypto in a letter to Senate Majority Leader Chuck Schumer, which has led to criticism from the crypto community about the current administration that Kamala Harris is a part of.
Details on Harris Support Decrease from the Crypto Community
Senate Majority Leader Chuck Schumer in his letter to Congress regarding priorities for the rest of this year did not include points on crypto regulation, which the entire crypto community is actively waiting for.
This makes one think that the rapid adaptation we’ve seen these past few months has stalled, and since all of this is happening under the current administration of which Kamala Harris is a part – she’s gotten her share of criticism.
This has also been reflected in Polymarket, where support for Donald Trump has increased to 52% and Kamala Harris has dropped to 47%, which has also been affected by the shift in focus on digital asset regulation.
The overall concern is that despite Schumer’s statements at the “Crypto for Harris” conference at the City Hall, the rapid adaptation of crypto has stalled, yet there is talk of regulating digital assets as well as creating a CBDC.
This is all while Crypto for Harris continues to remain silent on specific crypto-friendly regulations for crypto investors and enthusiasts, unlike its opponent Donald Trump.
Conclusion
It seems that the uncertainty and, according to many, indecisiveness of the Harris team regarding the adaptation of crypto is very questionable against the backdrop of Donald Trump’s possibly loud but unambiguous proposals.
This is legitimately raising his profile for the crypto community, although no one can really know how far-reaching each candidate’s plans are and what non-obvious points they include.
Stay tuned, let’s keep a close eye on the events and their interconnections.
