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Kamala Harris Is More Crypto-Friendly Than Joe Biden: Mark Cuban

Kamala Harris is emerging as a more favorable figure for technological innovation and cryptocurrencies compared to President Joe Biden.

By Ruholamin Haqshanas

Last Updated: Jul 24, 2024

Fact checked

By Akriti Seth

Kamala Harris is More Crypto-Friendly than Joe Biden: Mark Cuban

US presidential candidate Kamala Harris is emerging as a potentially more favorable figure for technological innovation and cryptocurrencies, compared to President Joe Biden, according to billionaire investor Mark Cuban.

Talking to Politico, Cuban said that the tech industry might find an unexpected ally in the US vice president, who has a background as a senator and attorney general of California.

“The feedback I’m getting, although not confirmed by the VP, is that she will be far more open to business, artificial intelligence, crypto, and government as a service,” Cuban said.

EXPLORE: Mark Cuban’s Bitcoin Theory: Decoding Silicon Valley’s Support For Trump

Harris Reaches Out To Crypto Executives

Cuban revealed that Team Harris has been reaching out to cryptocurrency executives for their input on crypto policies.

With only four weeks left until the Democratic National Convention, Harris is under pressure to present her agenda, which includes significant technological aspects. The market seems to think that Harris has the potential to attract support and donations from West Coast tech executives and venture capitalists.

“If by the end of the week, she had a tech policy framework out there — a 10-point plan for pro-business, pro-tech, pro-entrepreneurship — and it was credible, I think she could very quickly rally a significant portion of the ecosystem,” said Aaron Levie, CEO of the cloud computing company Box.

Levie believes that a pro-tech policy could garner support from numerous tech CEOs.

Meanwhile, Harris’s presidential campaign has already demonstrated fundraising prowess. According to Team Harris, her campaign raised over $100 million within 48 hours following President Biden’s decision to drop out of the race and endorse her. The donations came from 1.1 million unique supporters, with 62% being first-time donors.

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Harris May Attend Bitcoin Conference Alongside Trump

To further solidify her tech-friendly stance, Harris is reportedly in discussions about her possible participation in the upcoming Bitcoin Conference.

David Bailey, CEO of Bitcoin Magazine, revealed on X that they are “in talks with Kamala Harris’ campaign for her to speak at the conference.” Bailey suggested that her appearance could shift the Democratic stance on the growing voter block interested in cryptocurrencies.

On the Republican side, former President Donald Trump is rumored to announce Bitcoin as a strategic asset at the Bitcoin 2024 Conference in Nashville.

Dennis Porter, co-founder of the Satoshi Act, hinted at this potential move, stating, “Adding Bitcoin as a ‘strategic reserve’ to the US Treasury is a no-brainer.” He argued that such a decision by the US could set a precedent for other nations.

EXPLORE: Bitcoin 2024 Conference Announces Trump As Speaker For Historic July Event

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

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Disclaimer
Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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Ruholamin Haqshanas
Ruholamin Haqshanas
Crypto Journalist

Ruholamin Haqshanas is an accomplished crypto and finance journalist with over three years of experience. He has been featured in various high-profile outlets, including Cryptonews.com, Investing.com, 24/7 Wall St, and Business2Community. Read More

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