Vivek Ramaswamy Suggests Kamala Harris Could Embrace Pro-Crypto Stance

August 14, 2024 11:17 AM AEST | By Team Kalkine Media

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Vivek Ramaswamy Suggests Kamala Harris Could Embrace Pro-Crypto Stance — Image source: shutterstock

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Both Kamala Harris and her running mate, Tim Walz, have yet to present clear policy positions on [digital asset] regulation in the United States.

Former 2024 presidential candidate Vivek Ramaswamy discussed the issue on CNBC on August 13, speculating that Harris might adopt a more [crypto]-friendly stance to attract votes from the [crypto] community, particularly as former President Donald Trump has made [crypto] a campaign issue.

Ramaswamy emphasized that Harris' commitment to [crypto] should be evaluated based on her detailed policy positions regarding critical issues such as self-custody of assets and the leadership of the Securities and Exchange Commission (SEC). He challenged Harris to provide clear answers on these topics, stating:

“I challenge Kamala Harris to not just cite the pieties and the words—go into detail, say what you actually believe about self-custody of assets. Say what you actually believe about whether you think Gary Gensler should continue as the leader of the SEC.”

Ramaswamy concluded that [crypto] should not be a partisan issue and that any substantive [crypto] policy positions from Harris would benefit both the country and the “marketplace of ideas,” even if he disagreed with specific policies.

Harris Campaign’s [Crypto] “Reset” Faces Scrutiny

Recent regulatory actions from the United States Federal Reserve against Customers Bank, a [crypto]-friendly institution, have fueled skepticism about the sincerity of Harris' proposed [crypto] “reset.” Critics, including Gemini co-founder Tyler Winklevoss, view these actions as evidence of Operation Chokepoint 2.0—a term referring to efforts to isolate the [crypto] industry from traditional banking services.

Trump Campaign Leverages [Crypto] Through Policy Initiatives

While prediction markets show a tight race between Harris and Trump, the absence of specific [digital asset] policies from Harris might disadvantage her with [crypto] voters in November. In contrast, the Trump campaign has capitalized on the issue by participating in the Bitcoin 2024 conference and making pro-[crypto] statements, such as suggesting the US national debt could be paid off with [Bitcoin] ([BTC]) and advising against selling US [Bitcoin] holdings.

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