The Crypto Assets industry may welcome new opportunities in the Harris era

As U.S. Vice President Kamala Harris continues to rise in presidential election polls, the Crypto Assets industry is starting to pay attention to the impact she may bring. There are signs that the Harris administration may adopt a more open attitude towards Crypto Assets.

Industry insiders have raised a series of questions: Will Harris appoint younger advisors who are more accepting of Crypto Assets and blockchain technology? Will she support balanced Crypto Assets legislative reforms? Compared to the Republicans, will she be able to better serve Crypto Assets users and innovators?

While it is still too early to draw conclusions about the specific impact that the Harris administration may bring, her and her running mate Tim Walz's backgrounds, political leanings, ages, and chosen campaign advisors provide us with some clues.

Former presidential advisor Mo Vera believes that Harris and Walz are both "pragmatists" who are good at building consensus and crossing party lines. This is crucial for promoting legislation on Crypto Assets reform. Their young backgrounds may also bring a "fresh perspective on Crypto Assets."

Harris grew up near Silicon Valley and has extensive experience in technology. Vira expects that the Harris-Woltz combination will bring a "more modern, more relevant perspective, almost an Obama-style".

The CEO of a certain company, Boris Bohel-Bilovitsky, is optimistic about Harris's support for Crypto Assets. He pointed out that Harris has been in contact with important figures in the industry, such as former advisor of a certain trading platform, David Plouffe. Harris also maintains close ties with Silicon Valley.

However, experts also warn not to expect "miracles" to happen. Cato Institute analyst Jake Soloway calls on the Harris-Woltz campaign team to make a clear public statement on their Crypto Assets policy stance.

Regarding whether the current SEC Chairman Gensler should be removed from office, experts point out that this is not an easy task. The SEC is an independent agency, and the president does not have the authority to remove the chairman at will. However, Gensler's unpopularity across a broad range of industries may ultimately lead to his inability to survive in future administrations.

Experts have also pointed out that there are divisions within the Democratic Party regarding Crypto Assets. Harris may need to take a centrist approach in the election to distinguish herself from the current administration while maintaining flexibility.

Overall, if the Harris administration truly has the opportunity to promote cryptocurrency legislation reform, it needs to proceed with caution. Effective regulation should foster innovation and growth, support businesses and consumers, while eliminating bad actors. If handled properly, these initiatives will not hinder industry development.