Democratic Presidential candidate Kamala Harris has overtaken Donald Trump on the prediction market Polymarket. Harris’ odds are currently at 50%, and Trump’s are at 49%. The wager on who the next occupant of the White House will be is the platform’s largest betting pool, with over $547 million at stake.
As the presidential race between Trump and Harris intensifies, a new advocacy group called “Crypto4Harris” has emerged to rally support for Harris.
Reportedly backed by Democrats, the advocacy group is bolstering her campaign and pushing for a pro-crypto stance.
“A group of industry leaders, policy experts, and everyday crypto-enthusiasts are organizing to back Harris while pushing for a nuanced policy stance that positions America as a leader in digital assets,” the group wrote on X.
On August 15, “Crypto4Harris” will host a virtual town hall meeting. Speakers include billionaire entrepreneur Mark Cuban, SkyBridge Capital founder Anthony Scaramucci, and several House Democrats.
“I’m looking forward to speaking at the Crypto4Harris virtual town hall next week! As Democrats and Kamala Harris supporters, we want to encourage innovation and protect consumers,” tweeted Rep. Wiley Nickel. “Allowing crypto to become a political football is only going to set the US further behind.”
This town hall will focus on supporting Harris’s campaign and promoting fundraising efforts.
Harris’ Stance on Digital Assets
While Harris has yet to make a public statement regarding crypto, she declined an invitation to the Bitcoin2024 conference, which Trump attended, according to Bitcoin Conference CEO David Bailey.
However, Mark Cuban remains optimistic about her stance on crypto. In a July interview with Politico, Cuban revealed that Harris’ campaign had reached out to him with questions about cryptocurrency.
“The feedback I’m getting, but certainly not confirmed by the VP, is that she will be far more open to business, [artificial intelligence], crypto and government as a service,” Cuban told Politico. “Changing the policies changes the message and lets everyone know she is in charge and open, literally, for business.”
Harris’ campaign has recently onboarded two former crypto advisers — David Plouffe from Binance and Gene Sperling from Ripple.
Democrats Eye Crypto Vote
Jake Chervinsky, Chief Legal Officer at Variant Fund, suggested on Sunday that the Democratic Party has a big chance to win back a significant portion of the cryptocurrency vote now that Biden is out of the running.
“It’s clear that crypto will play a major role in this election. Recent swing state polling shows 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,’” Chervinsky said.
Trump certainly has a head start in gaining support from the crypto community. At the recent Bitcoin2024 conference in Nashville, he raised over $25 million and promised to ease regulations on digital assets if elected. He even vowed to fire SEC Chairman Gary Gensler on his first day in office.
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