Mark Cuban Sees Kamala Harris as Crypto-Friendly Candidate

Billionaire investor Mark Cuban suggests that the United States presidential candidate Kamala Harris could become an unexpected ally for the crypto industry. He believes that Harris may present a major shift in policy towards technological innovation and cryptocurrencies compared to President Joe Biden.

Cuban’s Opinion

On July 23, Cuban shared his insights with Politico, suggesting that Harris might be more receptive to advancements in artificial intelligence, cryptocurrency, and modernizing government services. He stated:

“Changing the policies changes the message and lets everyone know she is in charge and open, literally, for business.”

Notably, recent reports claim that Harris, who previously served as a senator and attorney general of California, is seeking crypto executives’ input on shaping a comprehensive policy. This move comes at a critical time, as Harris has only four weeks left until the Democratic National Convention to outline her agenda clearly.

Harris Pursuing Support from West Coast

Aaron Levie, CEO of the cloud computing company Box, emphasized Harris’s opportunity to gain support from tech executives and venture capitalists, especially those based on the West Coast.

These industry leaders are keen to see progress on issues that have remained stagnant under Biden’s administration, such as immigration reform for high-skilled workers and clearer regulations for artificial intelligence. Levie remarked, “If by the end of the week, she had a tech policy framework out there, I think she could very quickly rally a significant portion of the ecosystem.”

Harris or Trump?

Interestingly, Harris raised over $100 million in 48 hours following President Biden’s withdrawal from the contest and nomination recommendation endorsement. Team Harris claims that 1.1 million people donated these funds; of these, 62% were first-time donors.

Meanwhile, a large chunk of crypto investors are supporting bitcoin-friendly candidate Donald Trump. Trump has promised to bring progressive crypto policies in his term and would “never” issue Central Bank Digital Currency (CBDC) in the United States. Several big names, including Tesla CEO Elon Musk and Winklevoss twins, are supporting the former U.S. President.