Cryptocurrency investors have experienced many nightmare evenings in recent years. However, today is relatively good. Fed minutes were positive, and some members even wanted a cut in July. Recently, Bloomberg reported that Harris’s stance on crypto has become clear.
Kamala Harris and Cryptocurrencies
The Biden administration has shown strong negative discrimination against cryptocurrencies. However, as elections approach, the attitude has begun to soften. We saw Democratic support in the last crypto bill vote. Now, after Trump strengthened his pro-crypto rhetoric, markets are calming with statements from Brian Nelson, a senior advisor involved in Harris’s campaign.
Nelson mentioned that Vice President Kamala Harris plans to support measures that will help the digital asset industry grow. Biden has made such anti-crypto statements that even Harris’s normalization and neutral stance boosts motivation.
Senate Majority Leader Chuck Schumer also promised in his recent speeches to complete the crypto regulation process by the end of the year. This is another example of the Democrats’ softening stance on crypto. BTC is at $61,500 after testing $61,820.
