Memecoin Kamala Horris (KAMA) has seen its first notable increase in over a month, rising 7% in the last 24 hours, in response to comments made by US Vice President Kamala Harris, who pledged to support the growth of the crypto space if elected. Harris Promises Support For Crypto And AI Speaking to donors at a fundraiser in New York City on Sunday, Harris outlined her economic agenda, which aims to foster innovation in the artificial intelligence (AI) and digital asset sectors while ensuring consumer protection, according to Bloomberg. At the event held at Cipriani Wall Street, Harris stated: I will bring together labor, small business founders and innovators, and major companies. We will partner together to invest in America’s competitiveness and future. We will encourage innovative technologies like AI and digital assets, while protecting our consumers and investors. Interestingly, this is Harris’ first public comment on crypto as a Democratic presidential candidate, raising expectations among investors and enthusiasts about her stance on digital assets compared to President Joe Biden’s administration. Related Reading: Bitcoin To Outshine Gold By 400% By 2025, Veteran Analyst Predicts The cryptocurrency sector is becoming increasingly influential in the 2024 presidential election, especially as industry executives and investors express frustration over what they perceive as onerous regulations under Biden. Harris’s campaign has indicated a desire to support the growth of digital assets while also advocating for necessary safeguards, particularly in light of recent “high-profile failures” in the crypto market. In contrast, former President Donald Trump, Harris’s Republican opponent, has actively courted the crypto industry, promising to replace Securities and Exchange Commission (SEC) Chair Gary Gensler and to create a stablecoin framework. Harris Outraises Trump In August Fundraising Push Per the report, Harris’s fundraiser was a significant event aimed at bolstering her “financial advantage” in the race against former president Trump. Tickets for the event ranged from $500 to nearly $1 million, allowing top-tier donors exclusive access to meet Harris and attend additional events. Harris’s campaign has reported impressive fundraising figures, raising $361 million in August alone, contributing to $404 million in campaign funds at the start of September. This financial backing surpasses the $130 million raised by Trump and the Republican National Committee during the same period, giving Harris and the Democrats a substantial $109 million cash advantage. KAMA Surges Amid Growing Optimism For Harris’s Presidential Bid Kamala Harris’s recent statements have boosted her fundraising figures and led to gains for the memecoin KAMA, which has seen its first increase in over a month. Currently trading at $0.0052, KAMA has recorded a gain of 7.2%, recovering from a dip to $0.0500 earlier this month amidst a broader market decline. Related Reading: Polygon (MATIC) To Come back From The Dead As Ascending Triangle Appears Despite this recent uptick, KAMA remains down nearly 87% from its all-time high of $0.039, reached on July 24, according to CoinGecko data. It remains to be seen whether further announcements and statements of support for the digital asset industry could lead to further gains for the token in the coming days, with less than two months until the presidential election. Featured image from DALL-E, chart from TradingView.com
The crypto community is calling for a clearer stance and more actionable policies from Democratic presidential candidate Kamala Harris, according to US investment bank Bernstein. Clearer Stance Toward Digital Assets Expected From Harris In a memo shared with clients on September 23, 2024, analysts at Bernstein highlighted several reasons for the brief rally witnessed in […]
Over the weekend, US Vice President and Democratic nominee Kamala Harris acknowledged the crypto industry for the first time since her campaign started. The presidential candidate’s “flip” has sparked a discussion among industry members and the community, who seem split about her newly disclosed stance. Related Reading: Ripple Co-Founder Transfers 20 Million XRP, Sparking Selloff […]
Vice President Kamala Harris, who recently vowed to embrace the development of artificial intelligence and cryptocurrencies, shook the political stratum. Related Reading: Trump Coins Go Public For $100: Minted In America, But Will It Sell? Speaking in New York City at a high-profile fund-raising event, she sold her economic agenda, which promises to strengthen innovation […]
The Democratic nominee promises she'll be a tech-friendly president in remarks to donors
According to the current Polymarket odds, 77% of participants believe Vice President Kamala Harris is favored to win the popular vote.
A recent report from asset manager and crypto exchange-traded fund (ETF) issuer VanEck, led by Matthew Sigel and Nathan Frankovitz, examines Bitcoin’s fundamentals, adoption trends, and emerging volatility in the wake of the Federal Reserve’s interest rate cuts and the upcoming US presidential election. Shift In Bitcoin Adoption The report highlights that Bitcoin’s price has […]
At the TOKEN2049 conference, SkyBridge Capital founder Anthony Scaramucci revealed that US Vice President and Democratic nominee Kamala Harris is working alongside industry advocates on her crypto policies before the November elections. Related Reading: Solana (SOL) Flies 12% To Reclaim $140, Is $160 Next? Kamala Harris “Distancing” From Warren And Gensler On Thursday, Anthony Scaramucci claimed to be “working alongside” Kamala Harris to develop her campaign’s crypto policies. SkyBridge Capital’s founder announced at one of the largest crypto events worldwide that the Democratic nominee has been “hearing out” industry proponents. Scaramucci and other undisclosed crypto and Bitcoin advocates have been allegedly pushing the US VP to back industry-friendly policies. These talks have been seemingly “making progress” and “going in the right direction,” he stated at the event. Moreover, the industry advocates working alongside Harris “want to prevent” crypto policies from becoming a partisan issue, aiming for “crypto in the U.S. to have a bipartisan standard unstrained from political and tribal conflicts.” Scaramucci also stated that they are working to “distance” the Democratic Party from figures like Senator Elizabeth Warren and Gary Gensler, who have had a big role in the US’s crackdown on the industry. The Democratic candidate’s stance on the sector has been heavily speculated since she was nominated. Nonetheless, Harris, whose stance remains undisclosed, has been endorsed by several industry figures, including Ripple’s co-founder Chris Larsen and Bitcoin bull Mark Cuban. Who Is The Crypto Industry’s ‘Favorite’ Candidate? At the TOKEN2049 panel, Scaramucci also commented on his feelings about former US president Donald Trump. He applauded the Republican candidate for understanding the industry’s importance, claiming that he has changed the landscape ahead of the elections: Whatever my feelings are about President Trump, I applaud him for understanding how important this industry is for the United States, and I think ironically, he’s pulling the Democrats along into a centrist position on regulation. Trump’s stance has pushed the Biden-Harris administration toward a more industry-friendly approach in the past few months. In a recent interview with CNBC, Cardano’s founder, Charles Hoskinson, also suggested that Trump might be the favorite option from a crypto perspective. To him, the Republican candidate is the clear industry favorite as he has openly embraced the sector, even launching a DeFi project. The community has also launched several Trump-inspired memecoins throughout his campaign, which lead the PolitiFi token sector. Related Reading: Will Bitcoin Break Through $70k? Short-Term Holders’ Buy Price Holds The Key Since the presidential debate on September 10, the US VP has challenged the Republican candidate’s winning odds. Prediction markets like Polymarket show that Harris’s chances of winning surpass Trump’s by 3%, with 51% odds in her favor. Nonetheless, Hoskinson considers that regardless of who wins the election, the world will continue to move toward crypto adoption. “The world, with or without America, is embracing cryptocurrencies,” he stated. As of this writing, Bitcoin, the largest cryptocurrency by market capitalization, is trading at $63,480, an 8% increase in the past week. Featured Image from Unsplash.com, Chart from TradingView.com
The 2024 election is projected to be a tight race on the granular local level, but this shouldn’t matter for the long-term price of BTC.
Donald Trump became the first former US President to use Bitcoin (BTC) for a commercial purchase when he completed a cryptocurrency transaction to pay for hamburgers at a New York City bar before a campaign rally. Trump Uses Bitcoin To Pay For Hamburgers The 2024 Republican presidential nominee was spotted at PubKey, a crypto-themed bar […]
With the United States Presidential election drawing closer, a market expert has addressed the growing discussion within the general crypto industry that the upcoming event could impact the long-term potential of Bitcoin negatively. Bitcoin’s Future Growth Unaffected By Election Outcomes Financial expert and Bitcoin enthusiast, Rajat Soni, has made a bold claim that BTC’s long-term […]
Democratic nominee Kamala Harris’ winning odds increased following the presidential debate with Republican candidate Donald Trump. As the former US president and the Vice President’s chances tied in the polls, the flagship cryptocurrency’s price saw a mild 1.5% decline. Many investors awaited the mention of Bitcoin (BTC) and digital assets but were disappointed as the […]
Kamala Harris has given cryptocurrency fans little to be hopeful about — despite some of the milquetoast rhetoric from her supporters.
Kamala Harris and Donald Trump made no mention of digital assets during their first-ever debate as Trump’s odds of victory plunged on betting markets.
Signaling a potential shift from previous skeptical stance, vice president Kamala Harris is reportedly utilizing Coinbase’s Commerce platform to accept crypto donations for her campaign. Alesia Haas, Coinbase’s Chief Financial Officer, disclosed this information during a discussion at Citi’s 2024 Global TMT Conference in New York, as reported by Fortune. A Shift In Democratic Attitude […]
Recent polling among cryptocurrency holders has candidate Donald Trump firmly ahead of his opponent but researchers are undecided about whether it even matters.
Trump and his family’s crypto ventures continue to expand as they aim to attract voters through supporting digital assets.
Crypto executives and industry advocates are planning a $100,000 fundraiser for US Vice President Kamala Harris, set to take place on September 13 in Washington, D.C. Related Reading: Bitcoin September Blues: Will The Top Crypto Defy Historical Downtrends? The move is eyed as part of a strategic attempt to encourage greater leniency in the crypto […]
Harris led Trump in early August and betting odds reached 50-50 on the marketplace last month but shifted to Trump’s favor over the weekend.
In 2020, the Financial Crimes Enforcement Network proposed imposing know-your-customer requirements on unhosted wallets, drawing immense backlash from the crypto industry. This week, the Treasury Department formally withdrew the proposal.
The cryptocurrency industry has made no secret of its displeasure with the Biden administration's approach towards regulating digital assets.
Depending on the November presidential election outcome, Fred Thiel said he would consider “looking outside the US” for Bitcoin mining firm MARA’s operations.
The cryptocurrency industry is making a concerted push to win over the Democratic Party ahead of the 2024 presidential election, with a new organization hoping to counter former President Donald Trump’s growing influence among crypto supporters. Political Crypto Battle According to a Fortune report, a new grassroots organization called ‘Crypto for Harris’ is leading the […]
The digital assets industry is now a full-blown political issue, and Wall Street firms with crypto exposure are staying cautious ahead of November's U.S. election. Whether the next election will result in Donald Trump or Kamala Harris occupying the Oval Office for the next four years, one thing Wall Street firms agree on is that either nominee will bring crypto regulation forward.
U.S. crypto legislation can happen this year, Senate Majority Leader Chuck Schumer (D-N,Y,) said Wednesday at the first major event in which crypto insiders have come out for Vice President Kamala Harris as their favored presidential contender.
Senator Chuck Schumer and 10 Democratic senators sided with Republicans to pass a resolution overturning an SEC rule on banks holding crypto, later vetoed by President Biden.
Jeremy Allaire discussed his impressions of Harris campaign representatives on crypto after attending a video call with industry leaders, White House officials, and US lawmakers.
One famous political figure, Vivek Ramaswamy, not so long ago shook the markets with his predictions regarding the position that Vice President Kamala Harris would take on cryptocurrencies. In a recent interview, he urged Harris to be clear about her stance on digital assets, insinuating that perhaps she is soon going to join the pro-crypto […]
Market sentiment suggests that a Trump election victory is bullish for crypto and a Harris win would be bearish, the report said.
Proponents of the “Crypto for Harris” may find the political terrain a rough patch to navigate as some sectors have labeled the US election campaign as a fraud. Related Reading: US Judge Orders FTX, Alameda To Pay A Staggering $12.7 Billion To Creditors – Details According to detractors of US Vice President Kamala Harris, the […]