Will Biden’s Successor as Democratic Nominee Support Cryptocurrency?

Kamala Harris is swiftly moving to secure the Democratic presidential nomination following Joe Biden’s withdrawal due to concerns about his mental acuity.

Despite gaining endorsements from several key figures in the party, she hasn’t yet secured universal support. Former President Barack Obama stirred controversy by calling for an open contest to find Biden’s successor for the 2024 race. Some speculate this might hint at Michelle Obama considering a run.

A recent Ipsos poll suggested Michelle Obama could be the only Democrat capable of defeating Donald Trump. But there’s a specific question to consider: which Democrat is most likely to support pro-crypto policies?

If Harris does secure the nomination, crypto enthusiasts might be disappointed. During her tenure as VP, Harris has not publicly discussed her views on digital assets like Bitcoin and NFTs. She has also not voted on much crypto-related legislation in Congress, and financial disclosures reveal she does not hold any cryptocurrencies.

This suggests that Harris might not prioritize digital assets if she becomes President. Her administration could continue the current approach under Biden, with the Securities and Exchange Commission maintaining strict regulations.

However, there is a potential upside: Harris has strong connections with tech giants in California. During her Senate campaign, she received significant support from Silicon Valley entrepreneurs. As cryptocurrencies and blockchain technology become more prominent, these connections could be beneficial.

Harris’s stance on privacy, an important issue for many crypto investors, also offers some insight. She strongly reacted to a leaked Supreme Court opinion about overturning Roe v. Wade in 2022, highlighting her commitment to privacy rights.