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A possible friendly stance towards crypto by US presidential candidate Kamala Harris was confirmed by Faryar Shirzad, Chief Policy Officer (CPO) of Coinbase. In an X after On August 21, Shirzad highlighted his participation in “a number of discussions with the Harris team,” citing a constructive approach and focus on fostering innovation.

“The dialogue was an important first step, and Brian Nelson’s statement is an encouraging second step in the right direction,” he added.

The comments from Coinbase’s CPO came hours after Bloomberg reported that Harris is pursuing a friendly stance toward the crypto industry. According to Brian Nelson, senior campaign policy adviser for the Democratic candidate’s campaign, Harris will support policies that ensure the growth of emerging technologies, such as crypto.

Notably, Harris’ campaign has taken a supportive stance when it comes to crypto, such as the “Crypto for Harris” effort. A virtual rally was held on August 8, featuring figures including billionaire Mark Cuban and Silicon Valley investor Ron Conway.

Additionally, another event called “Crypto for Harris” took place on August 14, with Senate Majority Leader Chuck Schumer voiced “strong support for crypto” along with the names of other prominent Democrats.

According to a report by Biran Krassenstein, Schumer compared the regulations for cryptocurrencies and artificial intelligence, emphasizing that both technologies can flourish with the right guidelines.

Potential for good

While Harris has been consistently linked to the Biden administration’s oppressive stance toward the crypto industry, a CoinShares study pointed out that the current vice president is showing signs of a softer approach.

So CoinShares analysts saw that a Harris presidency could indeed be beneficial for crypto.

Nevertheless, Donald Trump’s clear statements and actions regarding crypto, such as the vice-presidential nomination of JD Vance, a former venture capitalist with a strong pro-crypto stance, ensure that a second term for the Republican candidate offers a safer landscape for crypto.

Users of the Polygon-based prediction market Polymarket agree with the research findings. Despite the positive news about Harris and crypto, Trump’s chances of winning the US election have increased by 1%, currently at 53%, while Harris’ chances stand at 46%.

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