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Kamala Harris Might Not Get Any Love from Crypto Community

By Olivier Acuña | TH3FUS3 Chief Editor

August 30, 2024 10:21 AM

Reading time: 2 minutes, 1 second

TL;DR Democratic presidential candidate Kamala Harris is not likely to gain significant support from the crypto industry, says MatterFi CEO Michal 'Mehow' Pospieszalski. Despite endorsements from figures like Mark Cuban, many in the crypto community remain unconvinced. Harris' campaign promises crypto growth, but doubts linger.

Democratic presidential candidate Kamala Harris is not likely to garner significant support from the crypto industry. MatterFi CEO Michal 'Mehow' Pospieszalski voiced this sentiment, citing Harris' perceived lack of interaction with the community during her time as Vice President.

Harris has not publicly disclosed her position on digital assets. Still, she has committed to representing the views of all Americans should she be elected president. However, key industry players have not ignored her silence on the issue.

Pospieszalski further mentioned that billionaire Mark Cuban's endorsement of Kamala Harris doesn't necessarily signal robust support for cryptocurrency within her campaign.

Cuban recently participated in a town hall organized through the newly formed Crypto For Harris group, which advocates for Harris' campaign.

MatterFi CEO Labels Harris' Crypto Support a 'Me Too' Move

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

'I am unaware of any prominent figures in the crypto community who view Mark Cuban as an advocate for their interests,' Pospieszalski told Crypto News. '[Harris'] recent engagement feels like a 'me too' effort, following RFK Jr. and Trump.'

"Meanwhile, Mark Cuban seems to endorse whatever is left standing. Not long ago, he supported Joe Biden, even though many have since distanced themselves from Biden after the primaries. That endorsement seemed questionable even for Cuban," he added.

Harris Campaign Promises Crypto Growth, But Some Remain Doubtful

Meanwhile, a senior campaign adviser has stated that Harris will back initiatives intended to grow the crypto sector.

Her adviser **Brian Nelson, said, "She's going to support policies that ensure that emerging technologies and that sort of industry can continue to grow." This statement aims to reassure the crypto community of Harris' plans.

However, Pospieszalski stated that merely referencing crypto doesn't persuade anyone that Harris understands the industry.

It does not mean she can effectively regulate it, he said. 'The Harris campaign seems unprepared, despite having had four years to anticipate the possibility of Joe Biden's resignation. If they wanted to support cryptocurrency genuinely, they had an entire vice presidency to do so,' he said.

According to the exec, the Harris campaign's recent actions seem more like an effort to say what's needed to win votes rather than genuinely engaging with the crypto community.

This sentiment echoes the broader skepticism within the industry about Harris' commitment to digital assets and blockchain technology.

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