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Scaramucci Working With Harris on Crypto Policies

September 20, 2024

Anthony Scaramucci and a group of crypto advocates are working with Democratic presidential election contender Kamala Harris to develop her campaign’s policies on digital assets.

Details

  • Harris has been “hearing out” crypto proponents
  • Scaramucci and others are making her steer toward industry-friendly policies
  • In fact, Harris has some of "these talks" lined up for this week
  • Her campaign staff have previously also met with prominent crypto firms, including Coinbase and Ripple
  • Alongside, Brian Nelson, a senior advisor for the Harris campaign, asserted at a recent event that Harris would support the growth of emerging technologies

Why should you pay attention?

  • Harris has not yet publicly spoken about crypto herself, but having advocates work on policies could help change that connotation
  • Scaramucci and other crypto insiders are looking to “prevent” crypto policies from becoming a partisan issue
  • He asserted that the Democrats want the US to have a “bipartisan standard unstrained from political and tribal conflicts”

Who said what?

  • At TOKEN2049 Singapore, the founder and managing partner of SkyBridge Capital revealed,

“There’s a group of crypto advocates, Bitcoin advocates, etc. that are working alongside her to distance the Democratic Party away from Elizabeth Warren and [Gary Gensler].”

  • He added,

“I believe that we are making progress, and I think it’s going in the right direction.”

Zooming out

  • Trump has been trying to earn the votes of the crypto community by vowing to embrace this novel asset class and its underlying blockchain technology
  • All his recent actions — including the launch of World Liberty to purchasing burgers via BTC — have been steps in this direction
  • Now, if pro-policies are adopted by Harris’ camp then she could potentially stand a chance to garner appeal amongst members of the crypto community and challenge Trump on the this front  
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