- Kamala Harris declined the Bitcoin Conference 2024 invitation, fueling mixed reactions.
- Scaramucci predicts Harris’ presidency could shift crypto regulation, replacing key figures.
As a seasoned researcher and observer of the crypto industry, I find the recent developments surrounding Vice President Kamala Harris’ decision to decline the Bitcoin Conference 2024 invitation intriguing.
As the Bitcoin [BTC] Conference 2024 nears, there’s been a surge of interest in the upcoming event. Notably, former President Donald Trump has announced his participation, bringing an extra layer of prominence to the conference.
Kamala Harris to not attend the Bitcoin Conference
Vice President Kamala Harris chose not to accept the conference invitation, according to David Bailey, Bitcoin Magazine’s CEO and the event organizer.
In his 24th July X post he said,
It’s no shock that the situation turned out this way given her actions against developers, pushing our industry beyond borders, and criticizing Proof of Work. Her words to us would have held little weight under such circumstances. The focus has shifted to Trump now.
In spite of this recent advancement, the crypto community remains mostly unperturbed according to Ripple CEO Brad Garlinghouse.
Making hasty judgments about crypto candidates solely based on their political views, without considering their proposed policies, hinders the progress of the crypto industry, much like how tribalism has stalled advancement for an extended period.
Execs weigh in…
Garlinghouse elaborated on how Harris’s deep connections in Silicon Valley provide a unique chance for her to tackle pressing U.S. concerns related to competition, such as cryptocurrency regulations.
While it’s possible that she could offer new insights on these issues, there’s apprehension about her taking a similarly harsh stance as Senator Elizabeth Warren might pose challenges.
“Then she has miscalculated the political liability that is Gary Gensler.”
Given the divisive stance taken by SEC Chairman Gary Gensler on cryptocurrencies, this point is especially significant.
Scaramucci believes that Harris would dump Gensler
Anthony Scaramucci, the founder and managing partner at SkyBridge, offered a unique perspective to the cryptocurrency community during his recent remarks.
“There are many criticisms circulating about Vice President Kamala Harris’s absence from the Bitcoin Conference, but it’s important to note that she maintains an open perspective towards cryptocurrencies.”
Scaramucci foresaw major shifts in regulatory leadership under a President Harris. He speculated that the current SEC Chair, Gary Gensler, and Sen. Elizabeth Warren, proposed for the role of Financial Services Czar, might be dismissed instead.
Based on Scaramucci’s perspective, a change in administration to Harris is expected to bring about a more equitable and less contentious approach towards regulating cryptocurrencies.
Needless to say, he captured the sentiment best by stating,
“Let’s keep crypto bipartisan, it will be healthier for the ecosystem in the long run.”
Impact on memecoin and prediction market
As someone who closely follows the crypto market and its trends, I cannot help but be dismayed by the recent negative development that has hit Kamala Harris based memecoin KAMA. Having witnessed the excitement and buzz surrounding this coin’s growth in the past few weeks, it is disheartening to see a significant decline of over 11% within just 24 hours, as reported by CoinGecko. This setback may have various reasons behind it, but it serves as a reminder of the inherent volatility and unpredictability of the crypto market. While some investors might view this as an opportunity to buy at lower prices, others may be feeling the sting of losses. Regardless, it is crucial for us all to stay informed and adaptable in this ever-changing landscape.
As a researcher examining the latest data from Polymarket predictions, I’ve discovered that Trump currently holds the first position with a strong lead of 62%, whereas Harris trails behind in second place with 33%.
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2024-07-25 17:12