Crypto Industry Unlikely to Endorse Kamala Harris Due to Inaction as Vice President
Date: 2024-08-30 Author: Oliver Abernathy Categories: IN WORLD
Democratic presidential candidate Kamala Harris is unlikely to receive much support from the crypto industry, largely due to her perceived lack of engagement with the community as vice president, MatterFi CEO Michal “Michou” Pospiezalski has said.
Harris has not publicly stated her position on digital assets, but she has said she would represent the interests of all Americans if she becomes president. Pospiezalski also noted that billionaire Mark Cuban’s endorsement does not necessarily mean Harris has a strong commitment to cryptocurrency. Cuban recently attended a town hall hosted by a new group called Crypto For Harris, which is advocating for her campaign.
MatterFi CEO Calls Harris’ Crypto Support a ‘Copycat Move’ In a July interview with Politico, Cuban said Harris may be more supportive of the blockchain sector than her predecessors.
“I don’t know of a single prominent figure in the crypto community who would consider Mark Cuban an advocate for their interests,” Pospeshalski said. “Harris’s recent involvement seems like a ‘copycat’ move, following in the footsteps of Kennedy Jr. and Trump.”
“Meanwhile, Cuban seems to be supporting whatever is floating. He recently endorsed Joe Biden, even though many had already distanced themselves from Biden after the primaries. Even for Cuban, that was a dubious endorsement,” he added.
Harris’s Crypto Support Promises Raise Doubts Meanwhile, a senior adviser to her campaign said Harris would support initiatives aimed at developing the crypto industry. Her adviser Brian Nelson noted that “she would support policies that would allow new technologies and industries like these to grow.” However, according to Pospeszalski, simply making statements about cryptocurrency does not convince anyone that Harris understands the industry or is capable of effectively regulating it.
“The Harris campaign seems unprepared, despite four years in which they could have foreseen the possible resignation of Joe Biden. If they really wanted to support cryptocurrency, they had an entire vice presidential term to do so,” he noted.
In Pospeszalski’s opinion, the Harris campaign’s recent actions seem more like an attempt to say what is needed to get votes, rather than genuinely engaging with the crypto community.
