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Mark Cuban: The Hermitage Team has consulted on a variety of cryptocurrency issues.

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Mark Cuban: The Hermitage Team has consulted on a variety of cryptocurrency issues.

Less than two days after Biden announced his withdrawal from the race, Harris' advisory team appears to have begun efforts to address and improve upon previously unfavorable issues and positions.

Mark Cuban: Harris Consulted on Multiple Cryptocurrency Issues

According to Politico, Mark Cuban stated that Kamala Harris' advisory team approached him with several questions regarding cryptocurrency.

He sees this as a positive sign, indicating that Harris, compared to Biden, seems to have a stronger support for the tech industry. Cuban pointed out:

I'm not sure if other industry leaders have also received similar consultations. As per my feedback, it has not been confirmed by Harris, but she is expected to be more open to business, AI, cryptocurrencies, and government services.

Harris Team Swiftly Turning Towards Crypto Industry?

Less than two days after Biden's withdrawal, Harris quickly solidified her position as the Democratic nominee. According to Mark Cuban, the campaign team is also trying to improve its previous unfavorable stance on cryptocurrency.

Biden Withdraws! Biden Exits U.S. Presidential Race: Passing the Torch

In contrast, Trump's active outreach has won support from many tech leaders, including numerous prominent cryptocurrency executives. The cryptocurrency lobbying group Fairshake has raised up to $203 million since Q3 last year, making it the largest independent political action committee in this election.

Previously reported, although Harris has not publicly stated her position on cryptocurrency, her potential running mates have expressed support for cryptocurrencies.

What is Harris' stance on cryptocurrency? Will it bring a bull market to the crypto market?

Crypto Industry Actively Lobbying

The cryptocurrency lobbying group, The Digital Chamber, also wrote to Harris on the 22nd, urging her to embrace the crypto industry and choose a strong supporter of cryptocurrencies as her running mate.

The Digital Chamber stated:

It is widely believed that the Democratic Party's negative view of digital assets is mainly due to the cautious approach taken by the Biden administration towards these revolutionary technologies, occasionally even showing a hostile attitude. Now that you are poised to become a presidential candidate, this is an opportunity to change this perspective.