With Biden withdrawing from the race, what stance does Harris and other potential candidates take on Crypto?

Compiled by: Felix, PANews

On July 21, local time, US President Biden "unexpectedly" announced that he would withdraw from the 2024 presidential election, resign as the Democratic presidential candidate, and support Vice President Kamala Harry as the Democratic candidate. The crypto industry is now forced to consider the impact she and other potential candidates could have on the industry.

Although Harris is now the favorite to win the Democratic nomination, the matter is still undecided, especially as some Democrats worry that it will be difficult for Harris to defeat Trump in the presidential election.

The Democratic candidates will be decided at the party convention in Chicago from August 19th to 22nd. Here’s what the most likely candidates have to say about cryptocurrencies.

Vice President Kamala Harris

Harris has never taken a position in Congress on anything important regarding cryptocurrency policy, and as Vice President she has been largely silent on the technology. Given her time as a senator and state attorney general in California, some consider her a “friend” of Silicon Valley who could be a boon to the crypto industry. However, if she is elected president and decides to implement the Biden administration’s caution against cryptocurrencies and the US SEC’s hostile stance on Crypto, the current situation may not change much.

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