Analysts assessed Kamala Harris' influence on the cryptocurrency market

US Vice President Kamala Harris is now a likely Democratic candidate for the presidency of the United States. CoinDesk experts have analyzed how Kamala Harris might affect the cryptocurrency segment.

According to the experts, it is too early to make estimates, but we can assume that certain changes will occur. It is unlikely that Harris will immediately and openly turn the Democratic Party’s campaign toward cryptocurrencies, but her arrival «will be a kind of reset for the digital asset segment.»

Analysts emphasized that Harris is from California, which is a progressive state in terms of technology. Many industry experts have already sent open letters to the Democratic Party. They urge officials to be more loyal to digital assets.

«We urge you to meet with digital asset and blockchain industry leaders to discuss policies that support and advance this technology. An open dialog with industry experts will provide valuable insights and help develop policies that will foster growth while ensuring consumer protection and financial stability,» the Digital Chamber said in a letter.

As a reminder, the cryptocurrency market reacted to Joe Biden’s statement with a short-term drop. The rate of the flagship cryptocurrency BTC $95,840.60 Bitcoin -0.94% Market capitalization $1.9 trillion VOL. 24 hours $2.39 billion dropped sharply from $ 67,500 to $ 66,000 in a few minutes after it became known that the current US president had withdrawn his candidacy from the US presidential election.