Stand With Crypto Revises Kamala Harris's Rating Amid Election Campaign

Stand With Crypto Revises Kamala Harris's Rating Amid Election Campaign

Stand With Crypto, a pro-cryptocurrency organization supported by Coinbase, has modified its rating for Democratic nominee Kamala Harris ahead of the 2024 U.S. presidential election. Initially, Harris was given a B rating due to her recent commitment to fostering innovation in areas like artificial intelligence and digital assets while ensuring consumer protection.

However, this decision sparked controversy within the crypto community, as Harris has not yet publicly outlined her policy on digital assets. In response to the feedback, Stand With Crypto announced a revision of its scoring criteria and reverted Harris's rating to N/A, emphasizing the need for more clarity from candidates regarding their positions on crypto.

Executive Director Logan Dobson shared on social media that the organization had received extensive feedback on its politician scorecard and made necessary adjustments. The updated guidelines indicate that candidates will now face a more rigorous evaluation process before receiving any grade.

While Harris has been cautious in addressing the blockchain sector during her campaign, Republican nominee Donald Trump has taken a different approach, openly supporting the industry. At the Bitcoin Conference 2024 in July, Trump pledged to implement favorable regulations for the crypto sector if re-elected.

Trump has also launched his crypto initiative, World Liberty Financial, critiquing the U.S. Securities and Exchange Commission’s regulation-by-enforcement strategy. He warned that if he loses the election, those under investigation in the crypto realm may face serious repercussions once a new administration takes office.