Vice President of the United States Kamala Harris has garnered the necessary support from delegates to receive the Democratic Party's presidential nomination.
According to the latest poll, Harris has received the support of 2,668 delegates.
This achievement positions her as the presumptive Democratic nominee to face Donald Trump in the upcoming presidential election.
Delegates who have expressed their preliminary support for Harris are expected to formalize their votes in the next few weeks, with the official nominee to be determined by August 7, before the Democratic Party’s National Convention.
“Tonight I am honored to have secured the extensive support needed to become our party’s nominee,” said Harris. “I look forward to formally accepting the nomination soon,” she added.
She was also endorsed by Bill and Hillary Clinton and House Speaker Nancy Pelosi, ending speculation that Hillary Clinton was considering a new presidential run.
In addition, Harris received the endorsement of President Joe Biden following his unexpected withdrawal from the race on July 21.
Although Trump has promised to protect U.S.-based Bitcoin miners and end what he calls the Biden administration’s “war on cryptocurrencies,” Harris has not shared a public stance on digital assets.
The final days of July could bring critical developments that reshape investor sentiment and influence the next leg of the crypto market’s trend.
Tyler Winklevoss, co-founder of crypto exchange Gemini, has accused JPMorgan of retaliating against the platform by freezing its effort to restore banking services.
Renowned author and financial educator Robert Kiyosaki has issued a word of caution to everyday investors relying too heavily on exchange-traded funds (ETFs).
The classic four-year crypto market cycle—long driven by Bitcoin halvings and boom-bust investor behavior—is losing relevance, according to Bitwise CIO Matt Hougan.