Circle CEO Optimistic About Kamala Harris’ Stance on Crypto
Circle’s CEO, Jeremy Allaire, expressed positive expectations regarding Vice President Kamala Harris’ rumored shift towards a more supportive position on cryptocurrency. During a CNBC interview on August 14, Allaire shared insights about Harris’ presidential campaign actively engaging with the crypto sector in a “concerted effort” to enhance its understanding of crypto-related policies as the 2024 US elections approach.
According to Allaire, “There is a concerted effort both from the administration and the Harris campaign to really get to know the issues, the players, the industry, and the policy issues.” He also recounted his experiences from a virtual roundtable held on August 8, which included White House officials, representatives from the Harris campaign, US lawmakers, and leaders in the cryptocurrency industry. Allaire noted that the event underscored the bipartisanship of the issue and its significance for voters. He emphasized that the industry is seeking clarity regarding Harris’ proposed economic policies and her views on cryptocurrency.
Comparative Focus: Harris vs. Trump
The increasing focus on cryptocurrency occurs at a time when the industry has captured significant attention in Washington. Allaire pointed out that merely a few years ago, it would have seemed unlikely for cryptocurrency to emerge as a topic in a presidential election.
Though Harris has not yet presented a detailed economic platform that explicitly outlines her position on cryptocurrencies, her campaign’s outreach to industry experts indicates that digital assets are being regarded as a policy priority. In contrast, former President Donald Trump, the Republican nominee, has already integrated cryptocurrency into his campaign. At the Bitcoin 2024 conference in July, Trump directly addressed crypto users, framing digital assets as a component of his party’s official platform.
While it remains unclear whether Trump would fully endorse cryptocurrency policies if elected, Allaire highlighted that he is advised by knowledgeable experts on the topic. As of mid-August, market prediction platform Polymarket shows Harris leading Trump in several key battleground states, with an eight-point advantage nationwide.
The two candidates are anticipated to discuss their economic policies, including their positions on digital assets, during a televised debate set for September 10.
