Author: Thomas Carreras, DL News; Translation: Felix, PANews
On-chain prediction market Polymarket shows that in the 2024 Democratic presidential candidate prediction, Vice President Kamala Harris’s chances of winning have risen to 42%, while Biden’s have dropped to 37%.
Despite White House spokespersons previously denying Biden’s consideration of withdrawing from the race, predictions of his withdrawal have now reached 65%. Simultaneously, in predictions of the presidential election winner, Vice President Harris’s chances have climbed to 16%. Although trailing behind Trump (61%), this surpasses Biden (12%) and places her second.
Vice President Harris’s sudden rise has sparked speculation among cryptocurrency enthusiasts about her stance on cryptocurrencies. Has she previously engaged with or expressed views on the crypto sector? Here’s what we know.
Following Biden’s poor performance in last week’s debate against Trump, Harris has emerged as the Democratic front-runner. Questions about Harris’s stance on cryptocurrencies appear increasingly urgent.
While Biden has pledged to continue his campaign and Harris has not openly campaigned for the 47th presidency of the United States, recent predictions from Polymarket indicate her chances have risen to 16%. Although trailing Trump (61%), this surpasses Biden (12%) and places her second.
Simultaneously, a meme coin called Kamala Horris has emerged, referencing Harris, and according to Coingecko data, this meme coin has surged approximately 600% in the past week and over 1500% in the past 30 days.
Given that the cryptocurrency industry has become a hot topic in this year’s election and considering Harris’s sudden rise, her stance on cryptocurrencies appears notably significant.
The Biden administration has maintained a hostile stance toward the crypto industry, whereas Harris’s position remains less clear.
Harris has never officially taken a stance on cryptocurrencies nor commented on the industry.
Financial disclosures indicate that neither Harris nor her husband, Douglas Emhoff, have engaged in the crypto sector, preferring instead investments in US Treasury bonds and emerging markets.
It is worth noting that during the 2020 election, Harris did hire Ryan Montoya, former Chief Technology Officer of the Sacramento Kings NBA team, as her scheduling director.
According to Montoya’s LinkedIn profile, under his leadership, the Sacramento Kings became the first team in the world to accept Bitcoin. The team has also mined Ethereum and launched an NFT series.
Montoya currently serves as an assistant to the President at the White House but continues his original scheduling duties, making it unlikely for him to influence policy.
However, according to a 2020 report by The New York Times, Harris, hailing from San Francisco, has had close ties to the tech industry. Her nomination as Vice President was seen as good news for Silicon Valley.
With cryptocurrency lobbying activities intensifying and representatives from Wall Street banks joining the industry, Harris may find it strategically advantageous to support Bitcoin before the presidential election. Alternatively, she may adopt a stance similar to Biden’s, favoring regulatory measures against cryptocurrencies.
