Vice President Kamala Harris Seeks Crypto Expertise from Mark Cuban

Kamala Harris is catching up on crypto as she runs against Donald Trump

Vice President Kamala Harris hasn't focused much on crypto in her political career, but as crypto has become a political topic in this election year, it seems she's doing her homework now. Entrepreneur and Bitcoin enthusiast Mark Cuban stated in an interview with Decrypt that the Harris camp had contacted him with questions about crypto. "I'm getting multiple questions from her camp about crypto," he told Decrypt. "So I take that as a good sign." "The feedback I'm getting, but certainly not confirmed by the VP, is that she will be far more open to business, [artificial intelligence], crypto and government as a service," Cuban added. The Harris camp seems to be trying to ensure that the candidate can curry favor with crypto enthusiasts ahead of this November's election. Donald Trump, the Republican presidential nominee, seems to have a head start in that department. In May, he declared himself a "crypto candidate" at a Mar-a-Lago gala. Later, he announced he would accept donations in Bitcoin, Ether, Dogecoin, Solana, and other cryptocurrencies. Several years ago, Trump denounced Bitcoin as "a scam against the U.S. dollar," but now he says he is "good" with crypto. Trump is going to speak at the upcoming Bitcoin Conference in Nashville, Tennessee, which is scheduled for July 25-27, which would be the first time a presidential candidate would attend the conference. On the other hand, the Democrats have traditionally been against crypto. However, in recent months, they have started discussing publicly discussing crypto more, and the Biden camp has even begun accepting crypto donations. Despite this, no strong crypto leader has emerged within the party yet. Harris's experience with the tech industry puts her in a good position to talk about crypto. When serving as California attorney general and later as a U.S. senator, she advocated for increased regulation within the tech sector and addressed issues such as misinformation and online sexual harassment on social media platforms. As vice president, Harris was assigned by the Biden administration to concentrate on developing rules and regulations pertaining to artificial intelligence. After President Joe Biden's withdrawal from the presidential race, Harris already has solidified her position as the presumptive Democratic nominee. The crypto-based betting platform Polymarket recently endorsed Harris as the Democratic nominee for president. Harris has rarely discussed crypto openly, but now she has a chance to make her views on crypto regulations and policies known. The Digital Chamber, a prominent digital asset trade association, has urged Kamala Harris to support the U.S. cryptocurrency industry if she becomes the Democratic presidential nominee. A cryptocurrency named Kamala Horris, which was launched a month ago, skyrocketed after Harris announced her nomination. The memecoin jumped 40% in the past 24 hours and is currently trading at $0.0265. In just a month, the crypto has seen an insane growth of nearly 4,000%, according to crypto tracking site CoinGecko -- meaning if you had invested $100 a month ago, you would have $4,000 now.

Vice President Kamala Harris' Team Contacted Mark Cuban On Crypto Policy

Cuban assumes that Harris will be far more open to Business, crypto, and government as a service. Advisors to Kamala Harris have reportedly engaged in discussions with billionaire and crypto enthusiast, Mark Cuban, implying a potential shift in the Democratic Party's perspective on digital assets. What Happened: Cuban disclosed that Harris' team has been posing "multiple questions" about crypto to him, Decrypt reported. This comes less than two days into Harris' presidential campaign, which was launched following Joe Biden's decision not to run for re-election. The interest in crypto by Harris' camp aligns with former President Donald Trump's recent attempts to gain support from tech leaders, including prominent crypto executives. Despite Harris' strong ties to Silicon Valley and the tech industry, she has not publicly expressed her stance on the sector. Cuban added, "The feedback I'm getting, but certainly not confirmed by the VP, is that she will be far more open to business, [artificial intelligence], crypto, and government as a service." Also Read: Mark Cuban: Trump's Re-Election Won't Directly Impact Bitcoin's Price Why It Matters: Industry advocates remain optimistic that a Harris presidency could bring about a shift in Biden-era policies and result in a bipartisan agreement on a regulatory framework for digital assets. The Chamber of Digital Commerce, a crypto lobbying group, has encouraged Harris to support the industry and select a pro-crypto running mate. The engagement between Harris' team and Cuban signifies a potential change in the Democratic party's approach towards crypto. The Biden administration's cautious stance has been a point of contention for many in the crypto industry. If Harris does indeed plan to adopt a more open approach, it could lead to significant changes in the regulatory landscape for digital assets. This could potentially boost the industry's growth and acceptance among mainstream investors. What's Next: The influence of Bitcoin as an institutional asset class is expected to be thoroughly explored at Benzinga's upcoming Future of Digital Assets event on Nov. 19. Read Next: If You Invested $1,000 In Ethereum When Mark Cuban Called It Closest We Have To A 'True Currency,' Here's How Much You'd Have Today This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. Image: Shutterstock Market News and Data brought to you by Benzinga APIs