Kamala Harris Can’t Afford To Cede Crypto To Donald Trump, Think Tank Says

cryptonews.com:

Leading Democratic candidate Kamala Harris can’t afford to cede crypto to Republican nominee Donald Trump in key battleground states ahead of the 2024 U.S. presidential election, the Official Monetary and Financial Institutions Forum (OMFIF) claims in a new report released Thursday.

According to the independent think tank, Harris “must lay out her own agenda for cryptoassets or she risks ceding the ground entirely to the Republicans” given her failure to embrace the blockchain sector.

While reports reveal the current U.S. vice president may be “more open” to crypto than her purported predecessor Joe Biden, she has stayed relatively mum on her stance toward digital assets.

This will be the first #US electoral cycle in which #crypto policy is going to play a major role. Kamala Harris must lay out her own agenda for cryptoassets or she risks ceding the ground entirely to the #Republicans, writes @OMFIFDMI's Lewis McLellan: https://t.co/WXX7I04YCI

— OMFIF (@OMFIF) August 2, 2024

Meanwhile, Trump has largely embraced cryptocurrencies, delivering a speech proclaiming he would make the U.S. “the crypto capital of the planet” last week at the Bitcoin 2024 Conference in Nashville. Harris reportedly declined to attend the premiere digital asset conference.

“It should be no surprise that the crypto community and the Republican party found they had something in common,” OMFIF author Lewis McLellan writes. “Crypto has always flaunted its anti-establishment flavor, so the party of small government, particularly the version crafted in the image of former president Donald Trump, is perhaps its more natural political home.”

OMFIF’s commentary comes at an inflection point in this year’s election cycle, with recent data showing that