Kamala Harris has been facing serious criticism in recent days. The main reason for it became the details of the economic policy of the Democratic candidate, who wants to introduce the first in the history of the United States federal ban on raising food prices above a “fair” level. In this way, corporations are supposedly prevented from earning more than necessary.

However, the audience did not appreciate the idea, since all previous attempts of the state to intervene in pricing ended with a shortage of products. At the same time, Trump’s fans began to promote the word “KAMUNISM”, which combines the name Harris and communism.

Former U.S. President Donald Trump

Harris herself is not active in the media space. As noted on the Fox News website, Kamala has not held a press conference or spoken to reporters in this format in over 32 days, which is quite strange for a US presidential contender.

Counting the amount of time that Vice President Kamala Harris has not held a press conference

All of this has already had an impact on Harris’ ranking. As of today, users of Polymarket, a decentralised platform for betting on a certain future event, estimate her chances of winning at 46 percent, while Trump’s result is 53 percent.

Actual odds of Trump and Harris winning the US presidential election

Although back on 20 August, Harris was the leader of this vote. The reason for the rise in Trump’s chances of victory the day before was the fresh news of independent candidate Robert Kennedy Jr’s plans to withdraw from the race by the end of the week. And it’s assumed that he will urge fans to vote for Trump.

What will happen to cryptocurrency regulation in the US

Nelson serves as Under Secretary for Counterterrorism and Financial Intelligence at the US Treasury Department. In an interview with Bloomberg, he said Harris “will support policies that will ensure the continued growth of new technologies and industry like this.” He also noted that the niche calls for the creation of “stable rules,” something that blockchain representatives have known for several years.

Kamala Harris spokesperson Kevin Munoz has yet to confirm the new information when asked by The Block reporters.

In the context of everything that’s going on, this seems odd: if Harris really wanted to impress the crypto-owning electorate, she would have taken a more proactive approach to communicating with decentralisation valuers.

U.S. Vice President Kamala Harris

Among major crypto companies and celebrities, Republican support for Donald Trump is incomparably higher. For example, Gemini co-founders Tyler and Cameron Winklevoss previously donated $1 million worth of bitcoins each to Trump, thus exceeding the maximum amount for a donation from a single person. Cameron Winklevoss has also publicly stated that he plans to vote for Trump.

Former US President Donald Trump maintains the image of an industry-friendly politician, promising to end the “illegal and un-American crackdown” on crypto. In addition, Trump is set to nominate Senator JD Vance, another prominent supporter of digital assets in the US political arena who has held over $100,000 in Bitcoin for several years, as his vice-presidential running mate.

Former US President Donald Trump

It is believed that Donald Trump’s victory will lead to the development of the digital asset industry and the emergence of new cryptocurrency-based instruments after the change of the SEC chairman. This view is supported by Bloomberg analyst Eric Balchunas, who was asked the day before about the prospect of the approval of Solana-based spot ETFs (SOL). Here’s his quote.

Yes, virtually zero chance in 2024. And if Harris wins, then probably zero chance in 2025 as well. I believe the only hope here is for Trump to win.

Accordingly, Harris is not considered a friend of the blockchain industry, even among seasoned experts.

The cryptocurrency industry is also directly influencing the election result with large financial donations from companies – as discussed in a recent report by consumer advocacy organisation Public Citizen. In 2024, cryptocurrency companies donated about $119 million to federal elections to lobby for their interests, according to Cointelegraph.

The transfers were made mostly through contributions to Fairshake-like super political action committees (PACs). And roughly 48 per cent of the $248 million in corporate funds used in the campaign came from cryptocurrencies. Mostly we’re talking about giants Coinbase and Ripple.

Share of cryptocurrencies in donations for US federal elections

According to a study conducted by Public Citizen based on data from the Federal Election Commission (FEC), cryptocurrency companies’ contributions far exceeded those of the influential Koch Industries. This company, led by CEO Charles Koch and previously his late brother David Koch, has donated to many politicians of right-wing ideology.

Some $108 million of Fairshake’s funding has come “directly from corporations that profit from the PAC’s activities,” including Coinbase, Ripple, Gemini co-founders Cameron and Tyler Winklevoss, and Coinbase CEO Brian Armstrong.


So far, Kamala Harris has not touched on the topic of cryptocurrencies in her speeches, while Donald Trump has been supporting the industry over the past few months. It is likely that the Democratic team will no longer have time to change the blockchain community's opinion of their activities. Anyway, Harris has been the vice president of the US for 3.5 years, so she definitely had opportunities to change the authorities' attitude towards crypto.