United States Democratic presidential nominee Kamala Harris has received support from some crypto users, but opinions in the mining community remain mixed.
Crypto Community's View on Kamala Harris
Crypto mining company MARA has attempted to engage with both sides of the political aisle ahead of the 2024 election. The company received mainly positive responses from Republicans. Notably, Republican candidate Donald Trump met with representatives of mining companies and assured his support for Bitcoin (BTC) mining.
Actions of Other Candidates
Before U.S. President Joe Biden announced that he would not run for reelection in 2024, many criticisms against the administration were directed at the actions of Securities and Exchange Commission Chair Gary Gensler and bills introduced by Massachusetts Senator Elizabeth Warren. Harris, whose campaign started less than three weeks ago, has not yet commented directly on cryptocurrencies or blockchain technology. MARA CEO Fred Thiel emphasized that representatives from the Trump and Robert F. Kennedy Jr. campaigns reached out to the crypto industry very early. Thiel also suggested that the Democratic Party might have a softer stance on crypto regulation.
Impact on Mining's Future
Kamala Harris is expected to announce her economic agenda on August 16, which will likely focus on reducing corporate price gouging and inflation. However, according to Thiel, it is unlikely Bitcoin will be mentioned in this agenda. In addition, if Harris wins, many mining companies may continue to explore business opportunities outside the United States. MARA has already announced that it will stamp all BTC blocks produced in the U.S. with the text 'Made in USA' in response to Trump’s campaign pledge.
The crypto community’s opinion on Kamala Harris' campaign remains mixed. While some see it as an opportunity for a 'reset,' mining industry representatives express doubts and a readiness to move their business.
Comments