With an endorsement from Biden, Vice President Kamala Harris has quickly become the presumptive nominee for Democrats, raising small-dollar donations at a pace reminiscent of Barack Obama's insurgent 2008 presidential campaign. However, the enthusiasm stops at the door of a well-funded crypto industry that has taken an offensive position to protect itself from a hostile regulatory environment and driven it to coalesce around a single-issue voting block set to cast its votes for the GOP nominee.
Almost as soon as the Biden news broke, I began to see social media posts from the crypto community about what a Harris administration's stance on crypto would be. Would she continue a regulation-by-enforcement and hostile policy position, or embrace the opportunity to reimagine crypto policy with a view toward embracing the new economy? Or set off in a new direction?
Then, I saw a flurry of social media musings that Vice President Harris is considering attending the Bitcoin 2024 Conference, taking place from July 25 to July 27 in Nashville, Tennessee. Trump, Michael Saylor, and Elon Musk are also expected to appear, making it a significant event with high stakes.
On Thursday, July 24, conference organizer and Bitcoin Magazine's CEO David Bailey that VP Harris declined to attend. It seemed highly unlikely that she would be able to attend given that scheduling a senior Federal official takes longer than 48 hours. The process involves coordination, review and vetting by multiple offices and the requisite approvals.
#political-landscape #crypto-industry #presidential-nominees #bitcoin-conference #regulatory-environment
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