What Crypto Regulations Could Look Like Under a Harris Presidency

While Vice President and Democratic presidential nominee Kamala Harris has been much less vocal about the crypto industry than her opponent Donald Trump, things are picking up steam as the election nears.

Check Out: I’m an Investor: I’m Making These Money Moves Immediately If Trump Wins

Read Next: 7 Reasons You Must Speak to a Financial Advisor To Boost Your Savings in 2024

The fact that Trump has been very outspoken about his stance on crypto has somewhat pushed Democrats to put the issue on the agenda as well: Enter Crypto4Harris, a “grassroots network of crypto advocates” that held an event on August 14, with speakers including Adam Schiff, (D-Calif.), Crypto Council for Innovation CEO Sheila Warren, billionaire Mark Cuban and Anthony Scaramucci, according to a post on X. The keynote speaker was Senator Kirsten Gillibrand (D-N.Y.).

During the event, Senate Majority Leader Chuck Schumer (D-N.Y.) shared “his full support for the industry,” and said “the U.S. Senate will pass a crypto bill before the end of the year,” according to a post on X (formerly Twitter).

Further underscoring Harris’s warming up to crypto, Coinbase Chief Policy Officer, Faryar Shirzad said that he “took in a number of discussions with the Harris team.”

“Very much appreciate their constructive approach and their focus on advancing innovation, jobs and consumer protection in the U.S.,” Shirzad said in an August 21 X (post. “The dialogue had been an important first step, and Brian Nelson’s statement is an encouraging second step in the right direction.”

Nelson, a senior campaign adviser for policy to the campaign, told Bloomberg on August 21 that Harris is “going to support policies that ensure that emerging technologies and that sort of industry can continue to grow,” adding that the team is also looking at implementing protections for the industry  

“Obviously, they’ve expressed that one of the things that they need are stable rules, rules of the road,” Nelson told Bloomberg.

Yet not everyone is sold on the extent to which a Harris win could help crypto and which regulations she could put in place.

Here are some crypto regulations Harris might consider if she were to win in November, according to experts.

Regulation “By Enforcement” and Higher Taxes

Several experts noted…