Will Gary Be Fired? Crypto Community Slams Kamala Harris For Zero Actions

As a seasoned crypto investor with a decade of experience in this dynamic market, I’ve learned to be cautious about political promises and focus more on tangible actions. The recent statements by Kamala Harris’s senior advisor about pro-crypto policies are intriguing but leave me skeptical.


During the current Democratic National Convention (DNC), a senior advisor from Kamala Harris’s campaign announced that her administration would pursue pro-cryptocurrency policies and encourage advancements in other innovative technologies. Nonetheless, seasoned figures within the crypto industry argue that Harris’s support for the cryptocurrency market is insignificant unless she takes action to back up her words. The CEO of Cardano, Charles Hoskinson, expressed no confidence that Harris’s team will follow through on any pro-cryptocurrency promises.

Kamala Harris Crypto Market Support – All Fluff No Stuff?

It’s well-known that the Crypto for Harris campaign has been positioning Kamala Harris as a pro-cryptocurrency presidential candidate in response to Donald Trump’s engagement with the crypto industry. Yet, under the present Biden administration, Vice President Harris hasn’t taken any notable steps to address the needs of the cryptocurrency sector specifically.

Despite Brian Nelson, Harris’s advisor, discussing plans for pro-cryptocurrency policies during the Democratic National Convention, the recently published 92-page DNC platform document contains no reference to cryptocurrencies.

As an analyst, I’d rephrase it as follows: In my analysis, Charles Hoskinson, CEO of Cardano, voiced significant doubts about Vice President Kamala Harris’s support for the crypto market, arguing that she hasn’t put forward any substantive policy proposals yet. Furthermore, he raised questions about whether SEC Chair Gary Gensler might be replaced, what legislative initiatives Harris is backing, and what executive orders could potentially be enacted in this realm.

Hoskinson questioned why there weren’t any immediate policy shifts within the current administration, expressing his disappointment with a lack of trust and desire for concrete actions instead. Similarly, Fox Business journalist Eleanor Terret challenged the claim made during Harris’s speech, stating that Brian Nelson, her campaign advisor, did not mention “crypto” or “digital assets” in his address at all.

According to Harris’s campaign advisor, Brian Nelson, Harris intends to back policies that foster the ongoing expansion of cutting-edge technologies.

It’s likely I’ll face some criticism for bringing up the fact that he didn’t explicitly mention “cryptocurrency” or “digital assets,” instead referring to “that type of business.”

— Eleanor Terrett (@EleanorTerrett) August 21, 2024

As a researcher studying the crypto market, I’d like to put it this way: The current administration, including Vice President Harris, appears to have a strong stance against cryptocurrencies. While striking a balance between innovation and regulation is crucial, the focus seems excessively tilted towards regulation at the moment. To truly embrace innovation, it’s essential that they demonstrate their supportive actions towards the crypto sector.

Harris Loses Ground to Donald Trump

According to Polymarket’s data, it appears that Kamala Harris is currently trailing behind her rival, Donald Trump, in their election race. The cryptocurrency-based prediction market indicates that Trump has a 52% chance of winning the election, while Harris stands at 47%.

As a political observer with years of experience, I have witnessed many unexpected turns and alliances in the world of politics. The recent rumor about Robert F. Kennedy Jr. potentially endorsing Donald Trump while abandoning his own presidential bid has caught my attention. Given RFK Jr.’s storied family history and progressive values, such a move would indeed be surprising. However, it’s essential to remember that political decisions can sometimes defy our expectations, as we have seen time and again in the ever-evolving political landscape. I will closely monitor this situation and analyze any potential reasons behind RFK Jr.’s alleged shift in allegiance, as well as the impact it may have on both candidates’ campaigns and their respective voter bases.

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2024-08-22 08:16