Biden's Substitute, Kamala Harris, Has No Digital Assets, This Is The Impact On The Crypto Market!

Kamala Harris and Joe Biden. (Photo; Doc. TheVerge)

JAKARTA - President Joe Biden has officially stated that he will not run again in the 2024 US presidential election. This decision sparked dramatic changes in the dynamics of the Democratic Party and opened the door for new candidates.

Quoted from Bitcoin.com News, Biden, who has served as president for four years, revealed the reasons behind his decision: "It is the greatest honor in my life to serve you as president. Even though I intend to run for re-election, I believe this is in the best interest of my party and the country if I resign and focus solely on fulfilling my duties as president for the remainder of my term of office."

With Biden's decision to step down, the spotlight turned to a potential candidate from the Democratic Party. Vice President Kamala Harris, who has played a central role in the Biden administration, has now emerged as the strongest candidate.

According to the Polymarket prediction market, Harris' chances of becoming the main Democrat candidate increased rapidly, reaching 84% at 14:10 EDT. However, it should be noted that this figure can change over time.

Apart from Harris, several other names are also sticking out. The governor of Michigan, totaling Whitmer, has a 12% chance. Hillary Clinton and Michelle Obama each have a 4% chance, while the Governor of California, Gavin Newsom, has a 3% chance. The Democratic candidate election process will be in the spotlight this week, and the party must choose wisely to face former President Donald Trump of the Republican Party.

Kamala Harris's View Of Crypto

During his tenure as Vice President, Kamala Harris has never expressed strong views, either supportive or opposing, regarding digital currencies, tokenization, blockchain, or NFT. This contrasts with President Joe Biden, who was quite vocal about crypto while serving at the White House.

Although there has been no official statement yet, some indications could provide an overview of Harris' attitude towards crypto if elected president. As part of Biden's administration, it is likely that Harris will continue the existing policies. The majority of Harris supporters come from Biden's camp, which could facilitate policy transitions.

Reporting from Cointelegraph, based on the financial disclosure of the White House for 2023, Harris and her husband do not have digital assets. This is interesting because, although connected to Silicon Valley and known as a member of the tech-friendly Democratic party, Harris has shown no interest in digital assets. His cautious attitude towards artificial intelligence also suggests a possible skepticism about crypto.

Despite being considered the strongest candidate by many, the prediction of a general election at Polymarket shows that Harris is still lagging behind Trump. With a 28% chance of victory, he has to face a fierce battle to win the presidency. Trump, with a 66% chance, remains a strong opponent.