Frightened, Kamala Harris Postpones her Crypto Meeting!

The scheduled meeting between Kamala Harris and crypto industry players has been postponed due to certain concerns. Initially set for Monday, August 5, this meeting aimed to ease the tense relationship between Harris’s presidential campaign and the cryptocurrency sector.

Kamala Harris postpones the crypto meeting! Why?

David Plouffe, former global strategic advisor for Binance and member of Alchemy Pay’s global advisory board, recently joined Harris’s presidential campaign. His role could be crucial in bridging the gap between Harris and the crypto industry. Especially since the candidate severely criticized Bitcoin a few days ago. However, recent economic turmoil has led organizers to postpone this meeting to a later date.

Recession fears have been exacerbated by the drop in major Wall Street indices, which plummeted by 1.5 to 2.5% last Friday. Rumors are circulating that the FED might intervene before September 17 with a 50 basis point rate cut. This uncertain economic situation led to the decision to postpone the crypto meeting. This, to allow Harris’s campaign to focus on urgent economic issues.

Trump vs Harris: the face-off!

Donald Trump, Harris’s opponent in the presidential race, announced a date for a debate on September 4, 2024. Trump has also ramped up his efforts to woo the crypto industry, promising key benefits. He even proposes issuing cryptocurrency checks to reduce the massive US debt.

The official nomination of Kamala Harris as the Democratic candidate was confirmed last Friday. One of the main economists of the Biden administration, Lael Brainard, will participate in a high-level Zoom meeting organized by California Democratic Representative Ro Khanna next week. This meeting could provide an opportunity for Harris to clarify her position on the crypto industry and strengthen her ties with this growing sector.

Although the meeting between Kamala Harris and the crypto industry players has been postponed, efforts to restore relations between the two parties continue. The current economic situation and Trump’s competing strategies, who promises to fire Gary Gensler if re-elected, add an additional dimension to this complex dynamic.