Well, well, well, it looks like Kamala Harris is once again playing chameleon, adopting policies that she and her party once scoffed at.
This time, she’s dipping her toes into the cryptocurrency waters, a space former President Donald Trump has been swimming in for quite some time now. Over the weekend, in her first major statement on the matter since clinching the 2024 Democratic nomination, Harris addressed the subject of digital assets at a Wall Street fundraiser, promising to support innovation in technology like AI and crypto while maintaining “safeguards” for consumers and investors.
She didn’t announce anything. A campaign advisor did. And neither crypto nor digital assets were specifically mentioned, just a generic thing about “that sort of industry.”
That statement is squishier than an Avocado that was ripe two weeks ago. pic.twitter.com/P9GbUogryD
— Nuclear Herbs (@NuclearHerbs) August 21, 2024
Sound familiar? That’s because it is. It’s like watching a rerun of Trump’s policies but with a slightly different narrator. After years of the Biden-Harris administration cracking down on cryptocurrency, Harris is now trying to pivot, sensing the wind is blowing in Trump’s direction—especially when it comes to the growing community of crypto enthusiasts.
Trump, of course, has been way ahead of the curve on this one. This summer, he was the keynote speaker at the world’s largest Bitcoin conference in Nashville, promising to turn the U.S. into a “Bitcoin superpower.” He even floated the idea of creating a Bitcoin “strategic reserve” and firing SEC Chair Gary Gensler—who, let’s be honest, is about as popular with the crypto crowd as a cat at a dog show. Trump’s plans to ease regulatory pressure on crypto show that he understands the industry, unlike the Biden-Harris team, which has spent years attempting to curb its growth.
Remember, it wasn’t long ago that the Biden-Harris administration was launching a full-scale regulatory assault on crypto. Back in 2022, they were touting the potential “misuse” and “harm” of digital currencies and setting up federal prosecutors to crack down on digital asset crimes. Harris and her crew were more concerned about how to control the rise of crypto than figuring out how to foster innovation. Now, though, with Trump holding a strong lead among crypto-owning voters and making a clear play for the tech-driven electorate, Harris is suddenly interested in being pro-crypto. Funny how that works.
❤💛💚💙
🚨🇺🇸 BREAKING: Kalama Crappis just announced she will back measures to help GROW the Crypto Industry (Digital Assets).
It’s important to note that when Democraps were in the lead, Kamala ignored the Crypto industry.
Now that the polls are swinging in favour of Donnie… pic.twitter.com/2AJSctme0F
— yourfriendSOMMI ❤️💛💚💙 (@yourfriendSOMMI) August 21, 2024
But, let’s be real—her promises ring hollow. Harris can talk about creating “consistent and transparent rules of the road,” but the crypto community hasn’t forgotten how the Biden administration treated them just a couple of years ago. Meanwhile, Trump’s long-standing support for digital assets and his bold promises to streamline regulation gives him the credibility Harris sorely lacks in this arena. Voters can spot a chameleon when they see one, and this sudden shift from Harris screams opportunism.
The fact is, Harris is trying to walk a fine line—pandering to the Wall Street elite, who are now cautiously eyeing crypto while also attempting to appeal to a broader, tech-savvy voter base. But, unlike Trump, who has been consistent in his advocacy, Harris’s sudden embrace of cryptocurrency is too little, too late. She may be hoping to siphon off some of Trump’s momentum in this space, but this flip-flopping strategy is unlikely to resonate with voters who prefer a candidate with a clear, unwavering stance.
As for Trump, his stance on crypto isn’t just talk. He’s actively seeking to reshape the regulatory landscape and build a future where the U.S. can lead in digital currency innovation. While Harris scrambles to catch up, Trump is already miles ahead, with a vision that has the crypto community excited about his potential return to the White House.
