Crypto Sector Expected to Withhold Support for Kamala Harris Due to Inactivity During VP Term, Executive States

Democratic presidential candidate Kamala Harris is unlikely to receive substantial backing from the cryptocurrency sector, mainly due to her perceived minimal engagement with the community during her tenure as Vice President, stated MatterFi CEO Michal “Mehow” Pospieszalski.

While Harris has not publicly articulated her stance on digital currencies, she has pledged to represent the perspectives of all Americans if she is elected president.

Pospieszalski also noted that billionaire Mark Cuban’s endorsement of Kamala Harris does not necessarily indicate strong support for cryptocurrency within her campaign. Cuban recently took part in a town hall meeting organized by the newly established Crypto For Harris group, which advocates for her candidacy.

MatterFi CEO Describes Kamala Harris’ Crypto Support as a ‘Me Too’ Initiative

In a July interview with Politico, Cuban remarked that Harris might demonstrate greater support for the blockchain industry than her predecessor.

“I am not aware of any notable individuals in the crypto space who consider Mark Cuban a champion for their interests,” Pospieszalski told Cryptonews. “[Harris’] recent involvement appears to be a ‘me too’ initiative, following RFK Jr. and Trump.”

“At the same time, Mark Cuban seems to endorse whatever remains relevant. Recently, he backed Joe Biden, even though many have since distanced themselves from Biden after the primaries. That endorsement appeared questionable even for Cuban,” he added.

Harris Campaign Vows to Foster Crypto Growth, Yet Skepticism Persists

In the meantime, a senior campaign advisor has indicated that Harris will support measures aimed at advancing the crypto industry. Her advisor Brian Nelson stated that “she’s going to advocate for policies that ensure that emerging technologies and that sort of industry can continue to thrive.”

However, Pospieszalski asserted that simply mentioning cryptocurrency does not convince anyone that Harris comprehends the industry. Nor does it imply she is equipped to regulate it effectively, he stated.

“The Harris campaign appears unprepared, despite having had four years to anticipate the potential of Joe Biden’s resignation. If they genuinely wanted to support cryptocurrency, they had an entire vice presidency to do so,” he remarked.

According to the executive, the recent actions of the Harris campaign seem more like an attempt to articulate what is necessary to secure votes, rather than a sincere effort to engage with the crypto community.

The post Crypto Industry Unlikely to Back Kamala Harris Over VP Tenure Inaction, Exec Says appeared first on Cryptonews.