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Cryptocurrency News Articles
Kamala Harris May Speak at Bitcoin 2024 Despite Tyler Winklevoss' Skepticism
Jul 24, 2024 at 06:57 am
The remarks come after Bitcoin Magazine CEO David Bailey revealed ongoing discussions with Harris' campaign about her speaking at the conference.
After kicking off her presidential campaign, Vice President Kamala Harris has drawn attention for her potential pivot on crypto policy. While pivoting to support Bitcoin and the crypto industry may seem like a savvy move to gain support from a rapidly growing voter bloc, some industry leaders believe her actions come too late.
Following reports that Vice President Kamala Harris may speak at the upcoming Bitcoin2024 conference in Nashville, several media outlets highlighted her recent efforts to engage with the crypto community.
The move comes as no surprise, as Harris is now officially pivoting to court crypto voters after being endorsed by President Joe Biden as his successor in the upcoming presidential race.
However, some industry leaders, such as Gemini co-founder Tyler Winklevoss, expressed skepticism about Harris's last-minute attempt to win back crypto voters.
According to Bitcoin Magazine CEO David Bailey, his team has been in talks with Harris's campaign about her speaking at the conference. He stated that such a move would be very savvy of her, as they are trying to gain the support of a rapidly growing voter bloc, which is making up its mind today.
Media reports also revealed that Harris's advisors reached out to billionaire Mark Cuban with queries about crypto policy. Cuban told Politico that business leaders are warming to the prospect that Harris might be a stronger advocate for emerging tech sectors than her predecessor.
He added that the feedback he’s getting, but certainly not confirmed by the VP, is that she will be far more open to business, [artificial intelligence], crypto, and government as a service.
However, Winklevoss believes her actions come too late and she needs to do more than just speak at the conference, considering her incumbent role in the government. He said that talk is cheap and she would need to start by immediately firing [SEC Chairman] Gary Gensler, withdrawing all SEC enforcement actions against good actors, and ending Operation Chokepoint 2.0. He added that she won’t do this so she won’t stand a chance in winning back the crypto voting bloc and that it is time for change.
The developments come less than 48 hours into Harris's campaign for president, which kicked off after President Joe Biden announced he would not seek reelection and endorsed Harris in his place.
The move has intensified scrutiny of her policies and public engagements, with many questioning if she will maintain the strict stance toward digital assets or take a new approach amid growing voter interest.
The Digital Chamber recently urged her to adopt a more progressive stance toward the industry and take immediate steps to change the negative public perception among crypto voters, who are a key constituency for the Democrats.
Meanwhile, former President Donald Trump is also slated to speak at the Bitcoin2024 conference, which has sparked excitement among industry supporters. There are unconfirmed rumors that he will propose making Bitcoin a strategic reserve asset for the US at the event.
Trump has voiced strong support for digital assets in recent weeks, becoming the first Presidential candidate to accept donations in Bitcoin. He has also pledged to create a friendlier regulatory environment for cryptocurrencies, contrasting sharply with the current administration's perceived regulatory uncertainty.
Trump has gained increasing support among industry leaders following his supportive public statements. Notable names, including the Winklevoss twins, Cathie Wood, and Elon Musk, have all endorsed him due to the belief that his policies will be more favorable for the sector after the challenges faced under Biden.
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