Kamala Harris’ crypto policy could differ from Biden’s, former White House official says

Anthony Scaramucci, former White House communications director, said that the Kamala Harris administration would be pro-crypto. In a post on X (formerly Twitter), he said that a Harris-led government would likely sideline anti-crypto Senator Elizabeth Warren and SEC Chairman Gary Gensler.

Also Read: Kamala Harris’ no-show at Bitcoin Conference stirs debates

Scaramucci’s comments addressed growing debates about the presidential candidate the crypto community favors more. While Donald Trump has emerged as the preferred candidate, Biden’s withdrawal and the likelihood of Harris stepping up as the Democratic flag bearer has reignited speculations about whether the Democratic Party will become pro-crypto.

Kamala Harris is open-minded about crypto

According to Scaramucci, the crypto community should give Harris a chance instead of dismissing her because she is part of Biden’s administration. He noted that even Trump still called Bitcoin a scam as recently as 2022, and his administration was equally hostile to the industry.

His comments respond to several speculations that Harris’s decision not to speak at the Bitcoin conference means she will not support the industry. Scaramucci noted that Harris’s consideration of speaking at the Bitcoin conference shows she is open-minded about the industry. He said:

“She did not call the shots on crypto policy in Biden admin. Harris and Warren are not friendly. Gensler will be fired, and Warren will be sidelined as Financial Services Czar in a Harris admin.”

He went on to call for the community to exercise more patience before deciding. While some people noted that Harris has not made her stance known publicly, Scaramucci reminded them that she only became the presumptive nominee a few days ago.

Stakeholders call for a bipartisan approach

Scaramucci’s comments echo recent calls by some stakeholders that the industry needs to become bipartisan. Ethereum co-founder Vitalik Buterin expressed the same view in a recent essay, noting that it is not enough to vote for a candidate because they say they are pro-crypto.

Also Read: Kamala Harris beats Trump in all polls – except the crypto industry’s

Others, including Brad Garlinghouse, Ripple Labs CEO, have also called for an open mind. Garlinghouse said that Harris provides the opportunity for a reset on critical issues such as crypto regulation. Still, he warned that if she also adopts Warren’s rhetoric and keeps Gensler, she might not be different from Biden.

Garlinghouse noted that “Jumping to conclusions and assumptions about candidates purely based on political affiliation without any policy proposals is holding the crypto industry back (similar to how tribalism has for years).”

Despite the growing interest in Harris’ plans for crypto, the majority in the crypto community still believe Trump is the best choice. Evidence of this is on Polymarket, where Trump’s odds of winning are 63% compared to Kamala’s 32%. However, Kamala is heavily favored to win the popular vote.