As cryptocurrency becomes a pivotal issue in the U.S. presidential race, Vice President Kamala Harris is facing increasing pressure to reconsider her anti-crypto stance. Former President <a href="https://www.cryptoknowmics.com/news/donald-trumps-crypto-holdings-exceed-10-million/" target="_blank" rel="noopener">Donald Trump</a> has embraced crypto, advocating for crypto donations, proposing a strategic Bitcoin reserve for the U.S., and making significant appearances at crypto events. In contrast, Harris has yet to engage with the crypto community, creating a noticeable disconnect.
<h3>Calls for Reassessment</h3>
Pro-crypto Democrats, led by Rep. Wiley Nickel, are urging Harris to rethink her position. At the Bitcoin Conference, Nickel emphasized the importance of embracing cryptocurrency and Web3 innovation to maintain the U.S.'s leadership in emerging technologies. In an open letter, he expressed hope for a policy shift from Harris, saying, "I think we’re going to see some good policy positions that come out and let folks know that she’s looking for a reset on the issue."
<h3>Rep. Nickel Against Trump</h3>
[embed]https://twitter.com/bgarlinghouse/status/1816844192305520963[/embed]

Nickel also criticized Trump’s recent embrace of cryptocurrency, dismissing it as a strategic move to secure votes rather than a genuine commitment. He stated, “Donald Trump did nothing for four years as president; he doesn’t understand the issues at all.” Despite acknowledging Trump's decision to prevent the U.S. from selling its Bitcoin holdings, Nickel doubted the authenticity of Trump’s crypto support, suggesting it's merely a tactic to stay out of legal trouble.
<h3>Criticism of SEC Chair Gensler</h3>
Nickel further criticized SEC Chair Gary Gensler’s approach to cryptocurrency regulation, arguing that the SEC has overstepped its authority. “He’s way out of his lane,” Nickel said. Although some in the crypto industry are calling for Harris to remove Gensler, Nickel expressed skepticism about this possibility, saying, “I think that’s unlikely.”
<h2>Looking Ahead</h2>
With the election drawing closer, it remains to be seen whether Harris will adjust her stance on crypto or if Trump will continue to gain momentum with support from crypto voters. As financial innovation becomes increasingly influential, both candidates' positions on cryptocurrency could play a significant role in the upcoming election.

Kamala Harris Urged to Reconsider Crypto Stance Amid Rising Political Pressure

As crypto gains traction in the U.S. presidential race, pro-crypto Democrats urge Kamala Harris to reconsider her stance while criticizing Trump's calculated support.

Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more
than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.

Kamala Harris Urged to Reconsider Crypto Stance Amid Rising Political Pressure

Top Picks