Kamala Harris Aims to Rebrand Democratic Crypto Stance with New Policies

Anthony Scaramucci, founder of SkyBridge Capital, announced that Vice President Kamala Harris is working on her campaign’s cryptocurrency policies, with support from crypto advocates.

This collaboration aims to reshape the Democratic Party’s approach to the industry, distancing it from critics like Elizabeth Warren and Gary Gensler, who have been prominent in regulatory efforts against crypto.

Scaramucci stated that discussions are planned for this week, where Harris will engage with crypto supporters. Key figures from the industry, including Ripple’s Chris Larsen, are backing Harris’s initiatives, and Scaramucci believes these efforts are progressing positively.

Meanwhile, Donald Trump has adopted a pro-Bitcoin position, launching a new project called World Liberty Financial.

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Despite Harris’s efforts, some in the crypto community express doubts about the sincerity of the Democratic Party’s commitment to supportive legislation, especially after recent partisan hearings on crypto regulations.

Polling data suggests Harris currently has a slight lead over Trump, with a 51% chance of winning. Scaramucci remains bullish on Bitcoin, projecting a potential year-end target of $100,000, driven by recent market changes and the political landscape.

Alexander Stefanov