What Kamala Harris’ Omission of Bitcoin Means for the Industry

In recent weeks, there have been several indications that Kamala Harris’ presidential campaign may deviate from the Biden administration’s anti-crypto policies. However, the recently unveiled 91-page Democratic Party platform for 2024 fails to mention cryptocurrencies or take a clear stance on digital asset policy, leaving many in the industry skeptical.

Harris’ presidential campaign has left many in the crypto industry wondering about her stance on digital assets.

The party platform covers everything from “entrepreneurial greed” to housing and education, as well as US foreign policy and geopolitical power. Previous promises from leading Democrats that the Harris campaign would reverse the Biden administration’s crypto policies have been met with skepticism from industry leaders and crypto investors alike.

“I don’t expect Bitcoin to be mentioned in the Harris platform,” said Fred Thiel, CEO of Marathon Digital, in a recent interview with Cointelegraph. “We may also consider opportunities outside of the US, depending on who wins the 2024 presidential election.”

Bitcoin mining operations may need to consider opportunities outside of the US depending on the outcome of the 2024 presidential election.

At an unofficial campaign event for Harris titled “Crypto4Harris,” Senate Majority Leader Chuck Schumer promised voters a crypto-friendly policy if Harris were to win the presidency in November.

However, ignoring the crypto voting bloc could prove to be a significant mistake. Anthony Scaramucci, founder of SkyBridge Capital, warned in an interview with Cointelegraph, “Assuming there are only 25 million people in the United States who own crypto, if only 5% of them make their voting decisions based solely on crypto policy, which is 1.25 million people, and they live in the swing states of the US, Harris will lose the election.”

In reality, around 50 million people in the US own cryptocurrencies, making the crypto voting bloc a significant force to be reckoned with.

The outcome of the 2024 presidential election may have significant implications for the crypto industry.

It appears that the last hopes for a more positive stance on cryptocurrencies under a Harris presidency have been dashed. A Trump victory is seen as positive for Bitcoin and the crypto industry.

Investors looking to diversify their crypto portfolios can consider investing in a crypto index certificate, such as the one offered by DER AKTIONÄR, which tracks the Krypto TSI Index.

Investors can consider investing in a crypto index certificate to diversify their portfolios.