Harris's approval rating surpasses Trump's by 8%, and the cryptocurrency industry may face a new wave of regulatory pressure

Original title: "Kamala Harris's chance of winning exceeds Trump's by 8%, analysts: Biden may continue the script of "suppressing cryptocurrencies" because she has taken a fancy to these two people..."

Original author: Zhang joy, BlockTempo

According to the latest data from Polymarket, US Vice President Harris's support rate in the 2024 presidential election has surpassed former President Trump. Her support rate has soared from 33% in the early stage to a record high of 53% at the time of writing.

For another betting with a smaller amount, the market predicts that Harris's chance of winning the election has reached 77%, while Trump's chance has dropped to 22%. The Democratic Party, which was originally suppressed by Trump, seems to be showing signs of overtaking.

Analyst: Harris will continue the Biden administration's crypto regulation pressure

The US election to be held in November has attracted much attention from people in the currency circle because this is the first time that cryptocurrency has become an important issue in the election and has been discussed. Republican presidential candidate and former US President Trump has publicly supported cryptocurrency many times, and is expected to change the Biden administration's position and bring favorable regulatory policies to cryptocurrency.

But what is the crypto stance of the new Democratic candidate Harris?

In response to this, Alex Thorn, head of research at Galaxy Research, published an analysis on the social platform X late yesterday (13th), pointing out that there is evidence that Harris and her advisory team will continue the Biden administration’s attitude towards cryptocurrencies:

"New evidence shows that Harris will continue to suppress cryptocurrencies. Her choice of advisors shows that she will continue Biden’s hostility to cryptocurrencies because Harris is working with two key officials in the Biden administration who oppose cryptocurrencies, Brian Deese and Bharat Ramamurti."

To confirm his analysis, Alex Thorn detailed the key evidence of Brian Deese and Bharat Ramamurti’s opposition to cryptocurrencies. He pointed out that Brian Deese wrote an article as early as January 2023, which was euphemistically called support for innovation, but actually labeled cryptocurrencies as "fraudulent" and "dangerous."

As for Bharat Ramamurti, he has long worked with Elizabeth Warren, a Democratic congressman and crypto villain, and provided Warren with economic policy advice.

At the same time, Fortune magazine also named Bharat Ramamurti "the number one cryptocurrency critic in the White House."

On the other hand, Brian Deese and Bharat Ramamurti also intervened in the US Stablecoin Act, advocating that the US Federal Reserve and banks should fully regulate stablecoins...

In short, a series of evidence shows that Brian Deese and Bharat Ramamurti are not friendly to cryptocurrencies, and Harris's choice of them to join her advisory team may indicate that if she wins the election, she may disappoint the cryptocurrency community.

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