- How it all started?
- Unpacking the missteps of the ‘Crypto For Harris’ town hall
- What are Harris’s odds, and what does it mean for crypto?
The recent virtual town hall organized by the 'Crypto For Harris' campaign, designed to rally support for Kamala Harris from the digital asset community, fell flat.
How it all started?
The virtual town hall 'Crypto For Harris', aimed at supporting Kamala Harris's potential presidency, did not meet expectations. Key figures like Gemini co-founder Tyler Winklevoss criticized it, calling it a 'clown show'. > 'Pre-recorded videos. Reading from scripts. Harris a no-show at her own event. What a clown show.' — Tyler Winklevoss (@tyler), August 15, 2024. Over 90 minutes, Democratic leaders, including Senate Majority Leader Chuck Schumer, Senators Debbie Stabenow and Kirsten Gillibrand, and tech mogul Mark Cuban, took the stage. However, despite their efforts, many industry leaders were disappointed and saw the event as a 'missed opportunity' for the Vice President to express her stance on crypto.
Unpacking the missteps of the ‘Crypto For Harris’ town hall
The absence of Harris at the meeting was a clear mistake. Many tuned in, eager to hear her views on cryptocurrencies and distinguish her stance from the Biden administration's hardline tactics. Instead, the audience was left with even more questions. > 'Still don’t know who Kamala Harris is and what she thinks about our industry.' — Brandon (@BranBTC), August 15, 2024. Chuck Schumer tried to fill the gap by asserting that cryptocurrency is 'here to stay no matter what'. However, the format of the town hall drew criticism. CoinFund founder and CEO Jake Brukhman expressed frustration, describing the event as a 'lecture' rather than a genuine town hall for exchanging views.
What are Harris’s odds, and what does it mean for crypto?
Despite the failed town hall, Kamala Harris's chances of becoming the next U.S. President remain high. According to Polymarket, she is the favorite, with a 53% chance of winning against Donald Trump's 44%. At the same time, Bitcoin's value dropped, which analysts attribute to Harris's possible win and her uncertain position on cryptocurrencies. Interestingly, Harris's team has brought on board two key advisers with significant industry ties: David Plouffe and Brian Nelson. This could signal a more balanced approach for her campaign, but it's unclear whether her potential presidency will lead to stricter regulations or a new wave of crypto innovations.
The crypto community is left in a state of uncertainty: on one hand, there's a chance for increased regulation, while on the other, new opportunities for innovation may arise. Time will tell how a potential Harris presidency will unfold.
Comments