Bitcoin and Crypto Are Becoming an Increasingly Partisan Issue as Former President and Republican 2024 Nominee Donald Trump Readies a Huge Bitcoin Bazooka

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Kamala Harris’ election campaign is gearing up and bitcoin and crypto enthusiasts are watching closely after her advisors were revealed.

Vice president and Democratic Party nominee Kamala Harris at a rally in North Carolina on August 12.

Some think vice president and Democratic Party nominee Kamala Harris could follow in president Joe Biden's anti-bitcoin and crypto footsteps.

"Kamala Harris’ campaign is a significant threat to the future of crypto, bitcoin and the freedom to transact in America," crypto investor Mike Dudas posted on Monday.

Harris, who is running against former president Donald Trump, has maintained a poll lead, according to bets on the crypto-based Polymarket prediction platform.

Harris' advisors include former National Economic Council director Brian Deese and former deputy director Bharat Ramamurti, who both advised Biden on his crypto policies.

"Deese and Ramamurti are two key architects of the Biden admin’s anti-crypto crusade, including chokepoint 2.0," head of research at Galaxy Alex Thorn posted to X on Monday, referring to last year's attempt by the Biden administration to "quietly" ban bitcoin, ethereum and other cryptocurrencies.

A continuation of a 2013 government initiative, the move sought to cut off undesirable industries from banking services, such as the payday lending industry, firearms dealers and the cannabis industry.

Harris' other advisors include Brian Nelson, an attorney and former undersecretary at the Treasury's Office of Terrorism and Financial Intelligence, who was involved with the Treasury’s Financial Crimes Enforcement Network (FinCEN) proposal to treat crypto mixing services as a "primary money laundering concern."

In January 2023, Deese wrote a White House blog post covering the administration's plans to "mitigate crypto risks," while Ramamurti, a former aide to anti-crypto army general and senator Elizabeth Warren, reportedly helped block stablecoin legislation in the summer of 2023.

"Harris appears to be Warren 2.0," Castle Island Ventures partner Nic Carter posted on Monday, adding that the advisor appointments could mean it's "over" in the U.S. for bitcoin and crypto.

"[Harris] is hiring the creators of Chokepoint 2.0, the people who started the crypto crackdown," law professor J.W. Verret posted. "At this point anyone in crypto who supports Kamala is anti-crypto, no other way to put it."