Crypto Assets industry may welcome new opportunities from the Harris administration

As the approval ratings of U.S. Vice President Kamala Harris continue to rise, the Crypto Assets industry is beginning to pay attention to the potential policy changes she may bring. Will the Harris administration be more open to accepting Crypto Assets and blockchain technology compared to the current government? Can she promote more equitable and balanced legislation for Crypto Assets? These questions have sparked widespread discussion within the industry.

Although it is too early to predict the specific policies of the Harris administration regarding Crypto Assets, some clues can be gleaned from her background and political inclinations. Harris and her campaign partner Tim Walz are both seen as "pragmatists" who are skilled at building consensus and crossing party lines. This balanced perspective is crucial for advancing legislative reforms in Crypto Assets.

The relatively young ages of the two candidates may also bring a new perspective on Crypto Assets. Harris grew up near Silicon Valley and has extensive experience with technology. Her campaign team has also brought in Crypto Assets experts like David Plouffe and Gene Sperling, indicating her emphasis on this field.

However, experts also remind us not to expect "miracles" to happen. Whether the Harris administration can achieve balanced and fair legislation for Crypto Assets reform still requires efforts from the industry itself. The "chaotic" attitude of the Crypto Assets industry towards regulation needs to change and should be more united.

The issues regarding the U.S. Securities and Exchange Commission ( SEC ) have also garnered much attention. While there are calls to remove the current SEC chair, in reality, this is not something the president can easily accomplish. However, even under a future Democratic administration, the situation for the SEC chair may not be optimistic, as he is not well-liked among a broad range of industry participants.

There are divisions within the Democratic Party on the issue of Crypto Assets, which complicates the situation further. Some elected officials are skeptical about Crypto Assets, while many Democratic voters own and support them. Harris may need to take a moderate stance on this issue to balance the demands of different interest groups.

Experts suggest that effective Crypto Assets regulation should be built on three pillars: promoting innovation and growth, supporting businesses and consumers, and eliminating bad actors. If these factors can be properly balanced, the Crypto Assets industry is expected to gain more development opportunities in the future policy environment.