According to reports, Kamala Harris’ campaign is currently discussing her potential attendance at the forthcoming Bitcoin Conference with Bitcoin Magazine.
David Bailey, the CEO of Bitcoin Magazine, disclosed in a recent post on X that they are “in discussions with the Kamala Harris campaign to have her speak at the conference.”
Bailey asserted that Harris’s appearance could “reset the Democrat’s positioning on the fastest-growing voter block in the country.”
It is anticipated that Harris’ camp will make a decision today.
Harris is More Open to Business
Mark Cuban, a billionaire investor, has expressed his opinion to Politico, asserting that Harris “will be significantly more receptive to business, [artificial intelligence], crypto, and government as a service” than President Biden.”
The endorsement emphasizes Harris’s potential to establish a unique position within her party and become a forward-thinking leader in the technology sector.
In addition to this narrative, it has been reported that Harris’ team has contacted numerous cryptocurrency executives to solicit policy advice before the Democratic National Convention.
Tech executives perceive a strategic opportunity for Harris to secure Silicon Valley’s backing by adopting a more pro-innovation stance.
Aaron Levie, the CEO of Box, proposed that Harris could rapidly garner the support of “a dozen or more tech CEOs” by establishing a credible pro-tech policy framework.
Harris’ outreach to crypto executives and her potential speech at the Bitcoin Conference indicate the potential alignment with the cryptocurrency and blockchain industries.
This could starkly contrast with the current administration’s more cautious approach.
A pro-innovation platform could buttress Harris’ support within the tech sector and further enhance her fundraising efforts, as $100 million was raised in just 48 hours following Biden’s endorsement.
Trump Speculated to Announce Bitcoin as Strategic Reserve
Following a thwarted assassination attempt, former President Donald Trump’s chances of winning the 2024 presidential election have increased on the Republican side.
In the interim, there are rumors that Trump may designate Bitcoin (BTC) as a strategic asset at the upcoming Bitcoin 2024 Conference in Nashville.
According to insider sources, Dennis Porter, the co-founder of the non-profit organization Satoshi Act, disclosed that this action is reportedly on Trump’s agenda.
Porter asserted in a subsequent post that including #Bitcoin as a “strategic reserve” in the U.S. Treasury is a no-brainer.
He contended that other nations will likely follow the U.S.’s lead in this direction.
Porter emphasized the benefits of Bitcoin, characterizing it as “borderless, censorship-resistant, decentralized, counter-party-free, perfectly finite, digital gold with an immutable ledger.”
He argued that the U.S. government should convert the approximately $5.5 billion in Bitcoin seized in law enforcement operations into a strategic reserve to back the dollar with Bitcoin.
The concept of Bitcoin as a reserve asset is partially novel.
This action has been previously supported by numerous political figures who are proponents of Bitcoin, such as former presidential candidate Vivek Ramaswamy.
Ramaswamy has provided Trump guidance on Bitcoin and digital assets since January, adding intrigue to the forthcoming conference.
An optimal platform for such a groundbreaking announcement is the Bitcoin 2024 Conference, scheduled for July 25–27.