Kamala Harris Endorses Digital Assets for the First Time, Scaramucci Says She Means Bitcoin

Vice President and Democratic presidential nominee Kamala Harris has publicly declared her support for cryptocurrency for the first time.

Harris was seen endorsing digital assets at a fundraiser in Wall Street, New York, marking her first public mention of the industry since the start of her presidential campaign. The Vice President stated that if elected in November, she would support the growth of digital assets and artificial intelligence (AI).

Harris discussed her economic agenda during an in-person fundraiser. The Democrat candidate has come under criticism for failing to mention her strategy to enhance the crypto sector and proffer solutions to the nation’s growing financial troubles.

However, Harris asserted on Sunday that she would foster America’s economy by collaborating with certain vital sectors, including innovators. She further categorized digital assets as part of the technological innovations she would endorse.

Kamala Means Bitcoin: Scaramucci

SkyBridge’s managing partner, Anthony Scaramucci, further elucidated Harris’s comments on digital assets, arguing that she meant Bitcoin. Scaramucci asserted that the Vice President’s comment on digital innovations implied she would endorse Bitcoin if elected.

The comment came after the SkyBridge co-founder stated that he was working with the Harris camp to develop policies ensuring cryptocurrencies thrive in her administration. At this year’s Token2049, Scaramucci said that his agenda had progressed, and Harris will discuss more of her plans for the digital asset sector this week.

Notably, Scaramucci becomes one of the few notable crypto players to publicly endorse Harris. Ripple’s Chairman, Chris Larsen, supported Harris earlier in the month, drawing mixed reactions from the XRP community.

Clear Crypto Regulation Regardless

Some commentators have argued that the crypto sector would be better regulated regardless of who wins the November election.

Trump’s pro-Bitcoin disposition was clear from his early campaign days. His recent burger payment in Bitcoin and establishment of a family-tied DeFi project further help his cause.

However, Harris seems to be warming up to the sector, with comments from her camp and her acceptance of crypto donations. Nonetheless, her latest speech is not sufficient to dissolve the skepticism that the crypto industry will be pegged back if she wins.

Several analysts have stated that the Harris skepticism is oversold and Bitcoin will thrive regardless of who is elected. Notable crypto leaders like Ripple’s CEO Brad Garlinghouse also noted that the Securities and Exchange Commission’s boss, Gary Gensler, will be sacked regardless of who is elected president.

These recent activities have established the crypto sector as a prominent financial industry in the US and dims the light on a continued regulatory clampdown on the sector post-November presidential elections. It is worth noting that Polymarket shows that Harris is leading the race to win the election, with a 52%-48% lead over Trump.