- Stand With Crypto ranked Kamala Harris positively.
- The Democrats have sought to address crypto concerns.
- Industry figures expressed their doubts on Harris‘ rating.
As the US presidential election heats up, crypto policy is emerging as a key campaign issue. While Donald Trump has made his pro-crypto stance abundantly clear, Kamala Harris has been notably quieter, failing to make a direct public statement on digital assets to date.
Sponsored
However, attendees at a recent Wall Street fundraiser reported that Harris voiced support for both AI and cryptocurrency, leading Stand With Crypto (SWC) to score Harris a “B” rating. Despite this, many in the industry remain skeptical of Harris’ support, questioning if the SWC rating reflects her true stance.
Harris Rated Crypto Supportive
SWC gave Harris a “B” rating for her cryptocurrency support, but the grade has raised eyebrows in the industry, with some questioning the accuracy of the site’s rating system.
SWC is an advocacy group that also tracks political figures’ positions on digital assets, assigning an A to F rating based on their statements on cryptocurrency.
Harris’ recent remarks at a Wall Street fundraiser marked her first notable statement on crypto, earning her a “somewhat supports crypto” label and a “B” rating.
Democrats Step It Up
The Democrats have gained an anti-crypto reputation, largely due to regulatory hostility under the Biden-Harris administration. However, efforts to mend fences began in July, as Harris’ campaign sought to “reset” relationships with key players in the sector.
Despite Harris’ lack of overt support for crypto, Anthony Scaramucci, founder of SkyBridge Capital, revealed that he and other industry figures are working behind the scenes with her to develop a pro-crypto framework to support the industry going forward.
Supporters of Harris point to her comments during the Wall Street fundraiser as the latest sign of her willingness to address industry concerns.
Not Everyone Agrees
Despite Harris’ encouraging comments on AI and cryptocurrency at the fundraiser, along with her B rating from SWC, industry figures remain largely skeptical.
Wayne Vaughan, CEO of Tieron, stated that her B rating from SWC is “unreasonable,” particularly since he views her comments at the fundraiser as neutral rather than explicitly pro-crypto.
Vaughan contended that SWC should broaden its ranking methodology to reflect the regulatory hostility encountered by the crypto industry under the Biden-Harris administration. His perspective resonated with many other commentators.
Justin Wu, CMO at Anzen, further highlighted the ambiguity surrounding Harris’ position, noting that her remarks at the fundraiser were made behind closed doors and only reported by attendees.
On the Flipside
- A Security.org survey of 1,500 participants noted that 40% of Americans own crypto.
- SWC rated Donald Trump “A,” strongly supportive of crypto, based on 21 statements.
Why This Matters
Harris’ reluctance to publicly clarify her crypto stance only reinforces the perception that Democrats oppose digital assets.
Kamala Harris expresses AI and crypto support at Wall Street fundraiser.
Is Kamala Harris Finally Taking a Clear Stance in Crypto?
Donald Trump has a crypto plan to wipe out the national debt.
Trump’s Crypto Cure for $35 Trillion Debt?
