The race between presumptive Democratic nominee Kamala Harris and Donald Trump is expected to be close in November — could crypto make a difference?
According to a London-based think tank, the presumptive Democratic nominee for US President, Kamala Harris, could take a “conciliatory approach” to digital assets, which might make the difference in a close election.
In an Aug. 1 publication, the Official Monetary and Financial Institutions Forum (OMFIF) said Vice President Harris “cannot afford to cede crypto” to Republican nominee Donald Trump. The think tank seemed to encourage the presumptive Democratic nominee to “lay out her own agenda for cryptoassets,” suggesting the potential benefits among voters would far outweigh any losses.
“If Harris takes the forthcoming Democratic National Convention as an opportunity to adopt a conciliatory approach towards the crypto industry, treating it as more than a haven for illicit finance and investment scams, and promises to throw her weight behind the crypto regulation bills, that would go a long way towards eating into the industry support Trump is gathering,” said OMFIF. “Few will abandon the Democrats because they show support for the growth of the crypto industry – particularly when the Republicans have already done so.”
