Kamala Harris Partners with Crypto Experts on Industry-Friendly Policies

• Kamala Harris is working with crypto experts to shape pro-crypto campaign policies.
• Harris aims to distance her stance from Senator Warren and SEC Chair Gensler’s regulatory crackdowns.
• The new coalition, Crypto4Harris, held a virtual meeting to support Harris’s campaign.

Wall Street financier Anthony Scaramucci shared that Vice President and Democratic presidential candidate Kamala Harris is developing her campaign’s stance on cryptocurrency. According to a CNBC report on Friday, Scaramucci mentioned that a group of crypto experts are working with Harris to create industry-friendly policies as the November elections approach.

Scaramucci highlighted that part of this initiative includes distancing the Democratic Party from Senator Elizabeth Warren and SEC Chair Gary Gensler, who have been leading strict regulatory actions against the crypto industry.

Warren and Gensler have been key figures in “Operation Choke Point 2.0,” which targeted the sector.

“There’s a group of cryptocurrency advocates, bitcoin advocates etc. that are working alongside her to distance the Democratic Party away from Elizabeth Warren and Gary Gensler,” Scaramucci explained. 

He also noted that Harris will meet with industry leaders this week to discuss crypto. Business figures such as Ripple Executive Chairman Chris Larsen back Harris’s adjusted stance.

Meanwhile, former President Donald Trump has also taken a pro-Bitcoin stance, with his family recently launching a crypto initiative called World Liberty Financial.

Read also: Kamala Harris’ Rising Election Odds Impact Bitcoin and Altcoins

Despite these actions, some in the crypto community remain doubtful on how far these crypto-friendly policies will go. Some see a partisan divide on cryptocurrency within the Democratic Party. A memo shared in Congress suggests that many Democrats consider crypto-related legislation to be more aligned with Republican values.

Last month, Scaramucci, billionaire Mark Cuban, and Congressman Adam Schiff urged Vice Harris to reconsider the Democratic Party’s stance on digital assets. The new coalition, Crypto4Harris, held its first virtual meeting on August 14. 

Read also: Scaramucci Sees Bitcoin Soaring to $100,000 on Rate Cuts, Crypto Clarity

The discussion centered on how the group could support Harris’s campaign before the November election. They also pushed for a change in the Biden administration’s handling of cryptocurrency regulation, which many in the industry find too restrictive.

In a separate report, Scaramucci shared his optimistic view on Bitcoin, predicting BTC to hit $100,000 by year-end. He cited favorable conditions such as a recent 50 basis point Fed rate cut and the ongoing presidential race.

Meanwhile, Harris holds a slight edge over Trump in the latest Polymarket data. Following campaign efforts in key swing states, the Democratic presidential candidate has a 51% chance of winning, compared to Trump’s 48%.