Circle CEO Jeremy Allaire revealed that Kamala Harris’s presidential campaign is actively working to grasp crypto-related policies as the 2024 elections loom. During an interview with CNBC on August 14, Allaire emphasized the bipartisan nature of the legislative measures on crypto assets passed in the current Congress session.
Joint Efforts for Clarity?
Allaire noted that the crypto issue is of interest to both Democrats and Republicans. He mentioned his recent video call on August 8 with White House officials, Harris campaign representatives, and U.S. lawmakers, where industry leaders could articulate their views on crypto assets. He highlighted a collaborative effort from both the administration and the Harris campaign to fully understand the complexities of the crypto sector. The industry is seeking clear policy statements from the current administration and Harris’s economic agenda.
“Two years ago, it would have been unimaginable that crypto would become a presidential campaign issue,” added Allaire.
Potential Policy Impact?
Following her campaign announcement on July 21, Harris has yet to release a detailed economic policy addressing the crypto sector. Reportedly, her team is in discussions with industry executives to determine if they should publicly address the issue. On the other hand, Republican candidate Donald Trump directly engaged with crypto users at the Bitcoin 2024 conference in July, integrating crypto assets into his party’s platform. While it is uncertain if Trump will fulfill his campaign promises regarding crypto, he is advised by knowledgeable individuals.
Key Inferences for Stakeholders
– Industry leaders have a significant role in shaping the discourse on crypto policies.
– Clear and definitive policy statements from presidential candidates are crucial.
– Bipartisan interest in crypto suggests a stable regulatory outlook.
– Engagement with industry experts can influence political platforms.
– Market predictions indicate a competitive race between Harris and Trump.
As of August 14, prediction platform Polymarket shows Harris leading Trump by eight points in key battleground states. The two candidates are scheduled for a televised debate on September 10, which could further shape the discourse on crypto policies.
