Is Kamala Harris Headed For A 'Crypto Reset'? Advocates See 'Encouraging' Signs But Here's Where It Gets Tricky
Portfolio Pulse from Murtuza Merchant
Vice President Kamala Harris is signaling a more pragmatic approach to cryptocurrency, diverging from the Biden administration's strict regulatory stance. This shift is seen as a potential 'crypto reset' by some Democrats, while others remain cautious. Harris's balanced stance aims to encourage digital asset growth while ensuring consumer protection, resonating with some in the crypto sector. The industry, including Coinbase's advocacy group, is closely monitoring her position.

September 27, 2024 | 11:47 am
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Coinbase's advocacy group, Stand With Crypto, initially rated Kamala Harris with a 'B' but later changed it to 'N/A', reflecting uncertainty about her stance on crypto regulation. Harris's approach could impact Coinbase's business environment.
Harris's nuanced stance on crypto regulation could influence the regulatory environment for Coinbase. The change in rating by Stand With Crypto indicates uncertainty, which could lead to volatility in Coinbase's stock price.
CONFIDENCE 80
IMPORTANCE 60
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