Vice President Kamala Harris's presidential campaign has gained unexpected momentum, fueled by her team's reported outreach to significant players in the cryptocurrency industry. This strategic move has sparked a notable shift in her election odds, which saw a 5% increase earlier today. However, the percentage has since dropped.

Kamala Harris's presidential campaign has gained momentum following reports that her team is contacting major crypto companies. This outreach, aimed at improving relations between the Democratic Party and the crypto industry, has led to an initial boost in her election odds.

Biden Withdraws, Harris Steps Up

On July 21st, President Joe Biden withdrew from the 2024 presidential race. He then endorsed Vice President Kamala Harris as the Democratic candidate, who has since bolstered her candidacy with over $200 million in campaign donations in a week.

This unexpected shift has reshaped the upcoming election landscape. Recent polls reveal Harris is narrowing the gap against Republican frontrunner Donald Trump.

Polymarket data on July 27th showed Harris at 40% and Trump at 59% among likely voters. Harris's election odds have increased by 2%, while Trump's have dropped by 1%.

Sources close to the Democratic candidate reveal that her team is seeking meetings with crypto companies such as Ripple, Coinbase, and Circle in the coming days. This move comes after the crypto community strongly supported Trump and criticized the Biden Administration's crypto policies.

The Harris campaign maintains that these meetings are aimed at something other than attracting new donations. Instead, according to a source close to the campaign, they are positioned as an effort to demonstrate that the Democrats are 'pro-business, responsible business. '

Harris's Absence at Bitcoin Conference Draws Criticism

This development coincides with the start of the 2024 Bitcoin Conference. Despite earlier rumors, Harris's decision not to speak at the 2024 Bitcoin Conference has drawn criticism from the crypto community. Her absence was seen as an 'epic mistake' and reignited disappointment among crypto enthusiasts.

In contrast, rival candidate RFK Jr. made a bold pledge at the Bitcoin Conference, promising to sign an executive order for the US to buy 550 Bitcoin daily until building a reserve of 4 million BTC if elected president.

These contrasting approaches highlight the complex relationship between political candidates and the cryptocurrency sector in the lead-up to the 2024 election.

Harris's absence from the 2024 Bitcoin Conference has drawn criticism from the crypto community. It is seen as an 'epic mistake' and reignites disappointment among crypto enthusiasts.

Varied Strategies Towards the Crypto Community

The differing strategies of Harris and RFK Jr. underscore their varied approaches to the crypto community. While Harris focuses on building relationships with major crypto firms, RFK Jr. makes bold promises to attract the crypto vote.

These tactics will likely significantly shape the candidates' standings as the 2024 election approaches.