2024

Donald Trump

Chuck

<ul>
 <li>Kamala Harris' deprioritization of crypto regulation has led to criticism from the crypto community.</li>  
 <li>Donald Trump now leads on Polymarket with 52%, compared to Harris' 47%, reflecting stronger support from crypto enthusiasts.</li>  
 <li>Senate Majority Leader Chuck Schumer's legislative focus excludes crypto regulation, raising concerns about future digital asset policies.</li> 
</ul>  
<p>Kamala Harris, the Democratic nominee for the 2024 U.S. presidential election is receiving criticism from the crypto community. This backlash comes after it was thought that her campaign switched its emphasis from regulating digital assets.&nbsp;</p>  
<p>As a result, support for former president Donald Trump has increased on the prediction market platform Polymarket. At this point, Trump has 52% of the vote, while Harris is behind with 47%.</p>  
<h2 class="wp-block-heading" id="h-senate-focus-shifts-away-from-crypto-regulation"><strong>Senate Focus Shifts Away from Crypto Regulation</strong></h2>  
<p>Notably, Senate Majority Leader Chuck Schumer sent a letter outlining legislative priorities for the last few months of Congress, which prompted the change in political focus. Schumer's letter did not address digital assets or cryptocurrency regulation, despite emphasizing issues like border security, healthcare, and artificial intelligence.&nbsp;</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  https://twitter.com/EleanorTerrett/status/1832910123229995286
 </div>
</figure>  
<p>Consequently, the cryptocurrency industry, which has long awaited regulatory clarity, is concerned about this omission. Schumer had previously declared that lawmakers would not be silent on cryptocurrency-related issues during a town hall <a href="https://cryptonewsland.com/democrats-launch-crypto-for-harris-advocacy-group-to-support-kamala-harris-campaign/" target="_blank" rel="noopener noreferrer nofollow">event</a> called "Crypto for Harris." But his most recent letter has increased doubts regarding the future of digital assets legislation.</p>  
<h2 class="wp-block-heading" id="h-harris-faces-backlash-from-crypto-enthusiasts"><strong>Harris Faces Backlash from Crypto Enthusiasts</strong></h2>  
<p>Additionally, the cryptocurrency community has been outspoken in its disapproval of Harris's ambiguous position on the matter. Some contend that Harris has an unclear and unsupportive stance toward cryptocurrencies.&nbsp;</p>  
<p>A social media user said that people who think she supports the industry are "being fooled." However, other cryptocurrencies enthusiasts have noted that Congress is still debating a number of matters pertaining to the industry, such as stablecoin regulations, central bank digital currencies (CBDCs), and crypto taxation.</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  https://twitter.com/QeYcc/status/1832912837238206890
 </div>
</figure>  
<p>Although Harris' campaign has not yet addressed these issues clearly, her position may have an impact on how the digital asset community perceives her candidacy. Furthermore, some view Schumer's letter's lack of mention of cryptocurrencies as a sign that the movement to regulate the rapidly expanding sector has stalled.</p>  
<h2 class="wp-block-heading" id="h-trump-s-lead-on-polymarket"><strong>Trump's Lead on Polymarket</strong></h2>  
<p>Therefore,the crypto community's dissatisfaction with the current administration's strategy is reflected in Trump's lead on Polymarket, as Harris navigates this criticism. Some people believe that Trump, who is well-known for taking a more libertarian stance on financial regulations, is better for the cryptocurrency industry.&nbsp;</p>  
<p>According to Polymarket, he has a 52% chance of winning the election, which shows that enthusiasts for cryptocurrencies are beginning to support him. Harris's 47% rating implies that if she wants to catch up, she might have to deal with these issues.</p> 
<p>The post <a href="https://cryptonewsland.com/harris-deprioritizes-crypto-as-trump-surges-on-polymarket-with-52/" rel="noopener noreferrer nofollow">Harris Deprioritizes Crypto as Trump Surges on Polymarket with 52%</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Harris Deprioritizes Crypto as Trump Surges on Polymarket with 52%

Table of Contents

Crypto News Land

Other articles published on Sep 10, 2024

3 Reasons Why Bitcoin Does Bad In September: Bitwise

Binance Expands Futures Offerings with AERGO Contracts

Fountain Announces $3.5M Seed Round To Streamline Web3 Operations for Enterprises

Anticipating Bitcoin and Ethereum’s Upcoming Week: Short Positions Face Market Sentiment Test

Haru Invest CEO Stabbed During Court Hearing in South Korea

Peter Brandt Realizes BTC Potential to Hit $150K as Market Gains Bulls

Join our free newsletter for daily crypto updates!