Advisor Kamala Harris He has reportedly held talks with billionaires and cryptocurrency enthusiasts. Mark CubanThis suggests that Democrats' views on digital assets may be shifting.
what happened: Cuban revealed that Harris' team had asked him “multiple questions” about cryptocurrency, Decrypto reported, less than two days after the launch of Harris' presidential campaign. Joe BidenDecision not to run for re-election.
Harris' campaign's interest in cryptocurrency aligns with the former president's. Donald Trump's The latest attempt to garner support from tech leaders, including prominent cryptocurrency executives.
Despite her strong ties to Silicon Valley and the tech industry, Harris has not publicly stated her stance on the topic. “It hasn't been confirmed by the vice president, but the feedback I'm getting is that she's going to be much more open to business,” Cuban said. [artificial intelligence]cryptocurrency, and government services.”
Related article: Mark Cuban: Trump's reelection won't have a direct impact on Bitcoin price
Why is this important: Industry advocates are optimistic that a Harris presidency would bring about policy change under the Biden administration and help reach a bipartisan agreement on a regulatory framework for digital assets. Cryptocurrency lobbying group the Chamber of Digital Commerce has urged Harris to support the industry and choose a pro-crypto running mate.
Cuban's involvement with Harris' team signals a possible shift in the Democratic Party's approach to crypto, with the Biden administration's cautious stance being a point of contention for many in the crypto industry.
If Harris does indeed plan to adopt a more open approach, it could signal a major shift in the regulatory environment for digital assets, which could spur growth in the industry and acceptance by mainstream investors.
What's next?: Bitcoin's impact as an institutional asset class will be explored in depth at Benzinga's “The Future of Digital Assets” event on November 19th.
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