2024

United

Kamala (harris.cool)

Kamala Harris (kamalaharriscoin.com)

Kamala Harris (kamaharris.fun)

Kamala Harris, the vice president of the United States, has revealed her running mate for the 2024 US presidential election.
Harris has reportedly chosen Minnesota Governor Tim Walz as her vice presidential pick, four unknown sources familiar with the matter <a href="https://edition.cnn.com/politics/live-news/kamala-harris-trump-election-08-06-24/index.html" target="_blank" rel="noopener nofollow">reportedly</a> told CNN. 
Walz previously served for over 12 years in Congress and is currently in his second term as Minnesota governor.
Harris’s choice of running mate could have significant implications for the cryptocurrency industry, considering that Walz is known for his more stringent, regulatory-focused approach to the crypto industry.
Related: <a href="https://cointelegraph.com/news/transak-us-crypto-wire-transfers">Transak becomes first US crypto on-ramp to enable wire transfers</a>
<h2 data-ct-non-breakable="true" id="what-could-a-kamala-harris-presidency-mean-for-the-crypto-industry">What could a Kamala Harris presidency mean for the crypto industry?</h2>
Governor Walz's stance on crypto regulations remains a mystery, as he has yet to make a public statement on cryptocurrency.
However, Vice President Harris’s stance on the crypto industry is also a wildcard that could invite more potential regulatory scrutiny, according to Bitfinex analysts, who told Cointelegraph:
<blockquote data-ct-non-breakable="true">
 “Harris’s stance on cryptocurrency isn’t well-documented, making it difficult to predict with certainty. However, Harris’s political positions suggest a focus on consumer protection and financial regulation, which might imply continued scrutiny of the crypto market.”
</blockquote>
Harris’s choice comes two weeks after US President Joe Biden <a href="https://cointelegraph.com/news/joe-biden-withdraws-united-states-presidential-race">announced that he was dropping out</a> of the 2024 presidential race.
Related: <a href="https://cointelegraph.com/news/top-50-cryptos-lose-2024-gains-510b-selloff">$510B crypto sell-off wipes 2024 gains for top 50 coins</a>
<h3 data-ct-non-breakable="true" id="odds-favor-trump-despite-harris-latest-move">Odds favor Trump, despite Harris’ latest move</h3>
Despite Harris revealing her running mate, the odds continue favoring republican candidate and former United States President Donald Trump.
Over 53% of respondents are betting on Trump winning the 2024 presidential elections, while only 46% of respondents are betting on a win by Harris, according to <a href="https://polymarket.com/event/presidential-election-winner-2024?tid=1722950430615" target="_blank" rel="noopener nofollow">Polymarket</a>.
<figure data-ct-non-breakable="true">
 <img src="https://s3.cointelegraph.com/uploads/2024-08/6e5fb534-c078-495e-b2ed-de222c91628b.png" alt="Kamala Harris chooses Minnesota Gov. Walz as US presidential running mate" title="">
 <figcaption style="text-align: center;">
 Presidential Election Winner, prediction market. Source: Polymarket
 </figcaption>
</figure>
Over $64 million has been wagered on Trump’s potential victory and over $50 million on Harris, on the world’s largest prediction market.<iframe width="100%" height="315" src="https://www.youtube.com/embed/ay_wUTMNsPQ" frameborder="0" allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen data-ct-non-breakable="true"></iframe>
<figcaption style="text-align: center;">
 US Elections, Trump, and Macro: Impact on Crypto. Source: Cointelegraph
</figcaption>
Trump is considered a more innovation-friendly political candidate by the crypto industry. Back in July, Biden’s announcement of quitting the election race<a href="https://cointelegraph.com/news/biden-exit-bitcoin-price-surge-68k"> helped Bitcoin briefly recapture</a> the $68,000 mark.
Magazine: <a href="https://cointelegraph.com/magazine/6-questions-goggles-guy-who-saved-crypto/">6 questions for Goggles Guy who ‘saved’ crypto with question to Trump</a>

Kamala Harris chooses Minnesota Gov. Walz as US presidential running mate

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Cointelegraph

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