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As the call for Kamala Harris to replace Joe Biden as the Democratic presidential candidate grows, the cryptocurrency community has also begun discussing her stance on the cryptocurrency industry. Cryptocurrency lawyer Jake Chervinsky believes that the Democratic Party may have a chance to win back cryptocurrency voters, while venture capital partners have indicated that their relevant staff are all cryptocurrency supporters.

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Jake Chervinsky: Democrats Have a Chance to Win Back Crypto Voters

Crypto lawyer Jake Chervinsky revealed that with the potential candidacy of Kamala Harris, the Democrats have a chance to win back the hearts of cryptocurrency voters:

In states where crypto issues are relatively popular, new candidates should prioritize this to win in swing districts like Michigan and Pennsylvania.

He added, "The crypto issue itself is not a partisan issue, and there are supporters of cryptocurrencies within the Democratic Party as well."

Specifically, he proposed the following five suggestions:

• Acknowledge the Importance of Cryptocurrency: Emphasize the importance of cryptocurrencies to the U.S. economy and politics, and commit to fostering the growth of the crypto industry in the U.S.
• Acknowledge the Failure of Current Regulatory Approaches: Acknowledge the failure of the SEC's "enforcement over rulemaking" regulatory approach and recognize that the crypto industry needs tailored regulation.
• Present a Balanced Policy Platform: Develop a policy platform that balances crypto innovation with consumer protection, and make genuine efforts to understand crypto technology and engage in discussions.
• Disclose Potential Appointments: Disclose potential appointees to crypto regulatory agencies such as the SEC and CFTC, indicating that crypto regulatory policy will no longer be dominated by members of the "anti-crypto army."
• Engage Directly with Stakeholders in the Crypto Industry: Engage directly with crypto entrepreneurs, investors, and policy advocates to jointly formulate sound development policies.

Chervinsky stated:

I believe the Democratic Party has a huge opportunity, but only the new candidates can decide whether to seize it.

Adam Cochran: Potential Partners Are Crypto Supporters

On the other hand, venture partner Adam Cochran stated that even though Kamala Harris has not publicly expressed her views on cryptocurrencies, her potential running mates have shown support for cryptocurrencies:

• Potential running mate Buttigieg: Previously stated that cryptocurrencies should be considered commodities rather than securities
• Potential running mate Shapiro: While serving as banking secretary in Pennsylvania, defined cryptocurrencies as "currency"
• Montoya: Former team advisor who has expressed support for cryptocurrencies
• Kamala Harris and anti-crypto Senator Elizabeth Warren have had disagreements

Given the moderate stance of Kamala Harris's associates and camp on cryptocurrencies, I can anticipate that they will try to differentiate themselves from Gensler, Warren, and the Biden-era cryptocurrency policies.

Note: Democratic Senator Elizabeth Warren has already expressed support for Kamala Harris.

Messari Founder: Kamala Harris Will Eventually Make a Statement

Finally, Ryan Selkis, a staunch supporter of Trump and founder of research firm Messari, believes that Kamala Harris will eventually make a statement on this:

In order to attract swing voters in the crypto space, Kamala Harris will honestly express her views and understanding of cryptocurrencies.

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Will Kamala Harris Not Make a Statement?

Finally, looking through all the issues Kamala Harris has discussed in the past, she has never taken a stance either for or against cryptocurrencies and blockchain.

However, as the election day approaches, the key to regaining the lead over Trump in support lies in focusing on key voters on crucial issues; besides cryptocurrencies, other hot topics like border issues, inflation crisis, tax reform, etc., are also burning issues.

Therefore, in terms of the impact of the topic, Kamala Harris may not choose to tackle cryptocurrencies.

Instead, for American voters and the crypto community, it is more important to be wary of politicians changing their positions for electoral gain and not blindly support specific candidates.

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