Kamala Harris' advisor choices, including anti-crypto officials Brian Deese and Bharat Ramamurti, suggest she will continue the Biden administration's crypto #crackdown stance.
US Vice President Kamala Harris appears to continue a harsh stance on the cryptocurrency sector, as indicated by her recent advisor picks. The US VP, who is expected to unveil elements of her economic policy agenda soon, has enlisted key figures from the Biden administration, whom many deem as anti-crypto figures. This move suggests that she may continue the crypto crackdown initiated under President Joe Bidenâs tenure.
In a recent X post, Galaxy Head Of Research Alex Thorn highlighted Kamala Harrisâs anti-crypto advisory picks. He shared a report that showed that the US Vice President had added Brian Nelson, a top Treasury Department official, to her advisory team alongside longtime allies like Rohini Kosoglu.
However, itâs her inclusion of Brian Deese and Bharat Ramamurti, both of whom played pivotal roles in shaping Bidenâs anti-crypto policies, that has raised eyebrows. According to Thorn, her choice of advisors signals a clear intention to continue Bidenâs âhostile attitudeâ toward cryptocurrency.
Meanwhile, Thorn said that Deese, who previously served as Bidenâs top economic advisor, particularly seemed to be an anti-crypto official. He authored a White House blog post in January 2023, emphasizing the risks associated with cryptocurrency and advocating for stricter regulation.
In addition, Thorn highlighted that Deeseâs anti-crypto stance was evident when, on the same day the blog was published, the Federal Reserve rejected Custodia Bankâs membership application. Besides, the Fed also extended restrictions on crypto activities to all member banks on the same date.
Crypto Community Remains Skeptical Of US VPâs Intentions
The crypto communityâs skepticism towards Harrisâ intentions has grown, especially in light of her campaignâs proposed âcrypto resetâ plan. While the plan suggests an effort to mend relations with the crypto industry, many crypto market experts see the US Vice Presidentâs crypto reset move as a mere political move, particularly as former President Donald Trump gains traction within the crypto space.
Bloomberg analyst James Seyffart recently commented on Thornâs analysis, expressing doubt over Harrisâ ability to shift her stance meaningfully. His remarks underscore the broader uncertainty surrounding Harrisâ true position on crypto. With her advisory team dominated by figures who have historically opposed the industry, it remains unclear whether the âcrypto resetâ will bring about any substantial change.
Recently, Vivek Ramaswamy sought clarity on Kamala Harrisâs crypto stance. In addition, he also questioned if the SEC Chair Gary Gensler, whom many see as an anti-crypto official, will continue in his chair under her presidency.
