What’s Behind the Delay? Harris Moves Crypto Leaders Meeting

Kamala Harris representatives postponed their planned meeting with crypto industry leaders to an unknown date. Markets had hoped to hear what the Democrat camp had to say about current market conditions.

Harris’ representatives intend to reset the party’s relationship with the industry, making appeals and probing the sector for possible loopholes to appeal to crypto voters.

Democrats’ Meeting With Crypto Leaders Delayed

Representatives of the Democrat ticket nominee planned to meet crypto leaders on Monday as part of her presidential bid. However, according to Fox Business journalist Eleanor Terrett, the meeting will not happen on Monday. Citing one attendee, Terrett ascribes the delay to needing more planning before Democrats take a stance on crypto.

“The reason for postponement wasn’t stated but one attendee is guessing Dem leaders need more time before they come out with an official policy position on crypto. Given that Donald Trump is running with it, they will have to take a position,” she noted on Monday.

Read more: How Can Blockchain Be Used for Voting in 2024?

Indeed, Trump and the Republican Party continue to enjoy a first-mover advantage when it comes to appealing to crypto voters. In contrast, Democrats are often associated with anti-crypto policies. As the November elections approach, it becomes urgent for Harris to change this perception, knowing the implications her stance could have on her candidacy.

Nevertheless, noticeable efforts have emerged to turn the tables. Besides probing crypto and meeting with crypto leaders, the Harris camp is also strengthening its crypto ties through strategic appointments and endorsements.

Based on Polymarket predictions market data, Harris maintains a reasonable chance against Trump. This suggests the party’s strategies continue to add value to her presidential bid. Her winning odds have dropped to 43% after establishing an all-time high, but demonstrates stiff competition, nonetheless, if Polymarket odds are enough to go by.

Meanwhile, financial markets continue to plunge. US stocks and the dollar are both dropping as the American session opens. Investors eagerly await commentary from key leaders amid the prevailing financial whiplash.

“I can’t wait until later today when Joe and Kamala presidentially address the nation on what is going on and their plan to fix it! I know their understanding of the situation and their well thought out plan will bring extreme calm to markets globally,” Crypto Banter founder Ran Neuner remarked.

Read more: Crypto Regulation: What Are the Benefits and Drawbacks?

Others are urging the Federal Reserve to hold a meeting and stabilize markets with an emergency rate cut. Kamala Horris (KAMA), the meme coin inspired by Harris, is down 33%, reflecting broader industry sentiment.