With a 70% win rate in the popular vote, surpassing Trump, what policy will Harris adopt towards encryption in the future?

The Biden administration has always maintained a strict regulatory stance on encryption. Will Harris, the current vice president and Biden's successor, continue the strict regulatory policy in the future? Odaily will analyze it based on market information.

Public information and White House financial data show that US Vice President Harris and her husband both have large investments, but neither holds any digital assets, and she has never made any statements in support or against digital currency, tokenization, blockchain or NFT.

Last Thursday, Democratic Congressman Ro Khanna hosted a meeting aimed at repairing relations with the cryptocurrency industry. The meeting was attended by about 20 people, including government officials such as the Deputy Secretary of the Treasury, the Deputy Director of the National Economic Council, the Deputy Director of the White House Office, and Harris's senior adviser Kristine Lucius; while cryptocurrency representatives included billionaire Mark Cuban, SkyBridge Capital founder Anthony Scaramucci, and some executives from Ripple, Coinbase, Kraken, Uniswap and other companies.

Although Harris has not yet directly expressed his attitude towards the encryption industry, his team's operations still reveal certain signs.

According to the latest report from Bloomberg, Harris has hired three outsiders to help her perfect her latest economic propaganda, including Mike Pyle, her first economic adviser since she became vice president, and two former economic aides to Biden, Brian Deese and Bharat Ramamurti. People familiar with the matter said that although the proposal is relatively lenient overall, it requires taxation of wealthy cryptocurrency holders.

Alex further noted that Mike Pyle has long worked for Senator Elizabeth Warren, the biggest cryptocurrency opponent in the Senate; Mike worked in Elizabeth’s Senate office on economic policy for her presidential campaign.

The report pointed out that Bitcoin has weakened after Polymarket odds and polls turned to support Harris, and it is expected that Bitcoin will remain range-bound until the election becomes clear. Trump has been outspoken about his crypto policy and has reached out to companies in the industry, Bitcoin mining companies and the wider community. He has also promised to provide favorable support for Bitcoin and crypto innovation in his policies, and even mentioned the possibility of establishing a national Bitcoin reserve.

The U.S. Federal Reserve has taken enforcement action against cryptocurrency-supporting customer banks, requiring them to provide 30 days’ notice before establishing new banking relationships with cryptocurrency companies, raising questions about the sincerity of Vice President Harris’ campaign’s efforts to mend ties with the cryptocurrency industry.

Regarding Bitcoin and monetary policy, Hayes said that both the Trump administration and the Harris administration will print money, just in different ways, so cryptocurrencies will rise, but the road may be very bumpy.

The survey of 804 registered Democrats found that 13% of respondents have not yet decided whether to vote for Harris. Among the undecided respondents, 18% have invested in cryptocurrencies, while 21% of crypto investors believe that the Biden administration is "too hostile" to the industry.

Overall, the survey shows that a small number of Democrats (1% to 2%) may lean towards Republican candidate Donald Trump due to the Biden administration being unfriendly to the cryptocurrency industry.