Discussions about the cryptocurrency market have gained momentum in the upcoming elections in the USA. However, attempts to introduce Kamala Harris as a supporter of cryptocurrency have caused a serious crisis of confidence in the crypto community. Crypto leaders argue that Harris' stance on crypto is only a matter of rhetoric. In addition, Charles Hoskinson, CEO of Cardano, stated that Harris' advisors have not taken concrete steps regarding crypto. Furthermore, SEC Chairman Gary Gensler said that he should resign immediately. This situation is rapidly diminishing confidence in Harris in the crypto market.

Did Harris' Crypto Support Only Stay in Words?

As reported by Kriptokoin.com, Harris' campaign had raised high expectations in the cryptocurrency world. However, it seems that these expectations have not been met so far. Brian Nelson, one of Harris' advisors, stated that they would embrace pro-crypto policies at the Democratic National Congress, but there is nothing about crypto in the published 92-page DNC document. As a result, this situation undermines the confidence of crypto leaders in Harris.

Cardano CEO Charles Hoskinson expressed his distrust of Harris' team. Hoskinson stated that Harris avoided taking concrete steps. He also noted that there was no clear stance on the removal of Gensler. The crypto community is losing confidence in Harris due to this uncertainty and inaction.

Calls for resignation are increasing for Gary Gensler

The pressure from crypto leaders on the dismissal of SEC Chairman Gary Gensler is increasing day by day. According to Hoskinson, Harris' crypto support is not realistic and Gensler should be dismissed immediately. In addition, according to Hoskinson, Harris' team is avoiding taking concrete steps on crypto policies.

🚨NEW: Harris campaign adviser Brian Nelson said @KamalaHarris will support policies that ensure emerging technologies can continue to grow.

I’ll probably get yelled at for pointing out that he didn’t actually say the words crypto or digital assets, just “that sort of industry.”

— Eleanor Terrett (@EleanorTerrett) August 21, 2024

Fox Business journalist Eleanor Terret also pointed out that Brian Nelson did not say anything clear about 'cryptocurrency' or 'digital assets' in his speech. This shows that Harris' campaign has not gained enough confidence in the crypto world. However, crypto leaders see Harris' crypto advocacy as a sham unless concrete steps are taken.

Donald Trump Overtakes Harris

Harris, who has lost the support of the crypto community, is losing ground against his political rival Donald Trump. However, according to Polymarket data, Trump's chances of winning the election have risen to 52%, while Harris' chances have dropped to 47%. This decline is further highlighted by the increasing likelihood of Robert F. Kennedy Jr. supporting Trump.

Harris's lack of trust and uncertainty in the crypto world is causing him to fall behind in the election race. In addition, Trump's adoption of clearer policies towards the crypto world negatively affects Harris's vote share. How Harris will overcome this crisis of trust in the crypto community can directly impact the election results.

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