Crypto Industry Unlikely to Back Kamala Harris Over VP Tenure Inaction, Exec Says

Crypto Industry Unlikely to Back Kamala Harris Over VP Tenure Inaction, Exec Says

Democratic presidential candidate Kamala Harris may struggle to gain substantial backing from the cryptocurrency industry, largely due to her perceived lack of engagement with the community during her tenure as Vice President, according to MatterFi CEO Michal “Mehow” Pospieszalski.

Harris has yet to make her stance on digital assets public. However, she has pledged to represent the interests of all Americans if she wins the presidency.

Pospieszalski also noted that billionaire Mark Cuban’s endorsement of Kamala Harris does not necessarily indicate strong crypto support within her campaign. Cuban recently participated in a town hall organized by the newly formed Crypto For Harris group, which promotes Harris’ presidential bid.

MatterFi CEO Criticizes Kamala Harris’ Crypto Stance as a ‘Me Too’ Move

In a July interview with Politico, Mark Cuban expressed that Harris might show more support for the blockchain sector than her predecessor.

“I’m not aware of any leading figures in the crypto space who see Mark Cuban as an advocate for their interests,” Pospieszalski told Cryptonews. “[Harris’] recent involvement feels like a ‘me too’ effort, following RFK Jr. and Trump.”

Pospieszalski added, “Mark Cuban seems to endorse whatever remains popular. Not long ago, he supported Joe Biden, even though many have distanced themselves from Biden after the primaries. That endorsement was questionable, even for Cuban.”

Harris Campaign’s Promises for Crypto Growth Met with Skepticism

A senior campaign adviser recently stated that Harris plans to support initiatives aimed at growing the crypto sector. Brian Nelson, her adviser, mentioned that “she’s going to support policies that ensure that emerging technologies and that sort of industry can continue to grow.”

Despite this, Pospieszalski argued that merely mentioning crypto does not convince anyone that Harris understands the industry, nor does it prove she is equipped to regulate it effectively.

“The Harris campaign seems unprepared, despite having four years to anticipate the possibility of Joe Biden stepping down. If they genuinely wanted to support cryptocurrency, they had an entire vice presidency to do so,” Pospieszalski remarked.

The MatterFi CEO concluded that the recent actions of the Harris campaign appear to be more about saying what’s necessary to gain votes, rather than a sincere effort to engage with the crypto community.

The post Crypto Industry Unlikely to Back Kamala Harris Over VP Tenure Inaction, Exec Says appeared first on Cryptonews.

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