In President Biden, the crypto world has long confronted a staunch critic whose administration has blocked laws to help the industry and focused almost entirely on enforcement. Now, after a historic weekend that saw Biden withdraw his re-election bid, the crypto industry must now size up his Vice President, Kamala Harris, who is all but certain to represent the Democrats on the 2024 ticket. Would crypto face more of the same under a Harris presidency—or would she take a softer stance?
Harris hails from the country's tech capital, California. While she went after social media platforms for sexual harassment during her time as the state's attorney general, she also cultivated a close relationship with executives like Meta's Sheryl Sandberg, leading to a reputation as a pro-business politician. Many in crypto hope she brings the same view to the campaign trail, and potentially to the White House.
