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Trump in spotlight as Kamala Harris opts out of Bitcoin conference – What now?
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- Kamala Harris declined the Bitcoin Conference 2024 invitation, fueling mixed reactions.
- Scaramucci predicts Harris’ presidency could shift crypto regulation, replacing key figures.
With the Bitcoin [BTC] Conference 2024 fast approaching, the event is drawing significant attention. Former President Donald Trump has confirmed his attendance, adding a high-profile dimension to the conference.
Kamala Harris to not attend the Bitcoin Conference
However, Vice President Kamala Harris has decided to decline the invitation. This development was revealed by David Bailey, CEO of Bitcoin Magazine, and the conference’s organizer.
In his 24th July X post he said,
“No surprise. What can she say to us when she’s actively imprisoning developers, forcing our industry overseas, attacking PoW… it would have been a disaster for her. All eyes on Trump now.”
Despite this development, the crypto community appears largely unfazed as noted by Ripple CEO Brad Garlinghouse who added,
“Jumping to conclusions and assumptions about candidates purely based on political affiliation without any policy proposals is holding the crypto industry back (similar to how tribalism has for years).”
Execs weigh in…
Garlinghouse further elaborated how Harris, with her strong ties to Silicon Valley, has an opportunity to address critical issues surrounding U.S. competitiveness, including cryptocurrency regulation.
He said that while there is hope that she might bring a fresh perspective to these matters, there is concern that adopting a critical stance similar to Senator Elizabeth Warren’s could be problematic. He added,
“Then she has miscalculated the political liability that is Gary Gensler.”
This is particularly relevant given the contentious position of SEC Chair Gary Gensler, who has been a polarizing figure in the crypto space.
Scaramucci believes that Harris would dump Gensler
However, Anthony Scaramucci, Founder and Managing Partner at SkyBridge, presented a distinctive viewpoint to the crypto community. He remarked,
“I’m seeing a lot of bad takes on @VP @KamalaHarris decision not to speak at the #Bitcoin Conference… she is open-minded about crypto.”
Scaramucci also forecasted that a Harris presidency could lead to significant changes in regulatory leadership. He predicted that Gary Gensler, the current SEC Chair, and Senator Elizabeth Warren, as Financial Services Czar, would be replaced.
According to Scaramucci, this shift would likely result in a more balanced and less confrontational stance on cryptocurrency regulation under a Harris administration.
Needless to say, he captured the sentiment best by stating,
“Let’s keep crypto bipartisan, it will be healthier for the ecosystem in the long run.”
Impact on memecoin and prediction market
However, this development negatively affected Kamala Harris based memecoin KAMA, which fell by over 11% in the past 24 hours, according to CoinGecko.
Additionally, Polymarket prediction data shows Harris trailing in second place with 33%, while Trump remains the leader with 62%.
