Democratic Party nominee Kamala Harris has promised the crypto market full support. So, crypto investors are trying to puzzle out whether such words sound too good to be true. Could they be just empty rhetoric aimed at winning over new voters? It is hard to trust pre-election pledges. Vice President Kamala Harris voiced her stance on cryptocurrencies within the framework of the presidential campaign during a speech at a charity event in Manhattan. The policymaker stated that if she wins, she is prepared to "cut unnecessary bureaucracy" and focus on developing "industries of the future."

The Democratic Party candidate underscored that the United States needs a stable regulatory environment with "consistent and transparent rules," encouraging investment in "innovative technologies like artificial intelligence and digital assets." But is she genuinely interested in the development of the crypto industry?

Nonetheless, Alexander Grieve, Vice President of venture capital firm Paradigm, found these statements "encouraging." Besides, Congressman Wiley Nickel, a representative of the Crypto4Harris campaign, called it an "important event for crypto and blockchain technologies."

However, according to venture capitalist Nic Carter, Harris’s statements are driven by a political agenda and "mean nothing." Other experts have offered similarly harsh assessments. Interestingly, analysts noted that Harris’s growing chances of victory are viewed as a bearish signal by the crypto market, as her own viewpoint on the crypto industry remains a closely guarded secret.