Kamala Harris’ support for crypto growth is validated by Coinbase’s head of policy

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A potential crypto-friendly stance of US presidential candidate Kamala Harris has been confirmed by Faryar Shirzad, Chief Policy Officer (CPO) of Coinbase. In an X post on August 21, Shirzad highlighted his participation in “a series of discussions with the Harris team,” citing a constructive approach and focus on fostering innovation.

“The dialogue was an important first step, and Brian Nelson’s statement is an encouraging second step in the right direction,” he added.

Coinbase’s CPO comments came hours after Bloomberg reported that Harris is pursuing a friendly stance towards the crypto industry. According to Brian Nelson, senior campaign policy adviser for the Democratic candidate’s campaign, Harris will support policies that ensure the development of emerging technologies such as crypto.

In particular, Harris’ campaign has stepped up a supportive stance when it comes to crypto, such as the “Crypto for Harris” effort. A virtual meeting was held on August 8, with the likes of billionaire Mark Cuban and Silicon Valley investor Ron Conway.

Furthermore, another event under the umbrella of “Crypto for Harris” was held on August 14, where Senate Majority Leader Chuck Schumer expressed “strong support for crypto” along with other top Democrat names.

According to a report from Biran Krassenstein, Schumer compared crypto and artificial intelligence regulations, noting that both technologies can thrive with the right guidelines.

Potentially good

Although Harris is constantly linked to the oppressive stance taken by the Biden administration against the crypto industry, a CoinShares study pointed out that the current vice president is showing signs of a softer approach.

Thus, CoinShares analysts acknowledged that a Harris presidency has the potential to be really beneficial for crypto.

However, Donald Trump’s clear crypto-related remarks and actions, such as the VP nomination of JD Vance, a former venture capitalist with a strong pro-crypto stance, make the Republican candidate’s second term a landscape safer for crypto.

Users of the Polymarket polygon-based prediction market agree with the study’s findings. Despite the positive news involving Harris and crypto, Trump’s chances of winning the US election have increased by 1%, currently at 53%, while Harris’s chances are 46%.

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