Kamala Harris and Crypto: The Future Post-Biden
- With Joe Biden out, Democrats have a chance to secure votes from crypto investors.
- Lawyer Jake Chervinsky stated that Democrats need to bring in a new pro-crypto face.
- Donald Trump has 64% chances of winning the upcoming elections, as per Polymarket.
President Joe Biden’s announcement that he will not seek re-election has opened the doors for the Democratic Party to reshape its stance on crypto. It presents an opportunity for Democrats to attract crypto investors and reverse the regulatory measures imposed by the Biden administration from 2021 to 2024 that targeted the digital asset sector, negatively.
Crypto lawyer and the legal chief at venture capital firm Variant, Jake Chervinsky, emphasized that digital assets will play a vital role in the upcoming elections and the opportunity for the Democrats to secure the votes from crypto investors, in a post on X (formerly Twitter).
Chervinsky cited recent swing polls, adding that 1 in 5 registered voters view crypto as a major issue, and nearly 1 in 2 agree that they “don’t trust candidates that interfere with crypto,” stating:
“Like it or not, thousands of crypto supporters are ‘single-issue voters…
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