In an email sent to Politico, entrepreneur and cryptocurrency advocate Mark Cuban expressed his belief that Vice President Kamala Harris would be receptive to business, artificial intelligence, cryptocurrency, and a more service-oriented government. He added that changing policies would signal her leadership and willingness to engage in business matters.
While Harris has not previously focused on cryptocurrency, she is now getting up to speed as it becomes a topic of political significance this year.
Harris’s supporters are eager for her to connect with cryptocurrency enthusiasts before the November elections. To suggest that the Republican candidate, Donald Trump, has an advantage in this area would be an understatement. Trump proclaimed himself the “crypto candidate” at an event earlier this year and later announced that he would accept cryptocurrency donations.
Trump is scheduled to speak at the Bitcoin Conference in Nashville from July 25th to 27th. This marks the first time a presidential candidate has participated in this conference.
The Democrats shift to crypto
While the Democrats are generally against the industry, they have begun discussing crypto more publicly in recent months. Harris’s experience with the tech sector puts her at an advantage in this discussion. She encouraged increased tech industry regulation when serving as attorney general in her home state of California and as a US senator. The Biden administration tasked her with developing rules and regulations for artificial intelligence as vice president.
Politico quoted cloud computing company Box’s CEO Aaron Levie saying that Harris could win new support and maybe even donations from VCs and West Coast tech executives. Apparently, these groups liked Obama’s focus on innovation but became critical of Biden for failing to lay out clear rules for crypto, AI, and other popular emerging technologies.
Levie said Harris could “rally a significant portion of the ecosystem” if she quickly prepared a credible policy framework that was “pro-business, pro-tech, and pro-entrepreneurship.” Over a dozen tech CEOs would pledge support if she had a detailed plan.
The skeptics
Senator Joe Manchin, an independent and former Democrat who considered challenging the incumbent’s VP, thinks of her as a “blank slate” and “too far to the left” to support crypto. He favors Trump in this aspect because people know where he stands.
Critics of the tech sector would perceive that as another instance of giants like Google, Microsoft, and Apple finding their way into Capitol Hill. These corporations have made donations to Harris’ campaigns in the past.
