Kevin O’Leary, the outspoken “Shark Tank” investor, sees a major opportunity in Kamala Harris’ “blank slate” on crypto. While former President Donald Trump openly embraced the title of “crypto president,” Harris has remained largely silent. But for O’Leary, that silence isn’t a problem — it’s a potential advantage.
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O’Leary believes cryptocurrency regulation is coming no matter who is elected to the White House. “It’s becoming bipartisan,” he said in a recent interview with Decrypt. “We’re going to have a cryptocurrency policy no matter who is elected to the White House.” Harris could lead the way, O’Leary says, as Trump has already positioned himself as a crypto ally. Her lack of a clear position gives her flexibility to shape cryptocurrency policy as she sees fit.
“She has no record, which is probably an advantage for her in some ways,” O’Leary said. “She has carte blanche. She can start implementing whatever policy she wants.”
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This opening for Harris is particularly significant because many cryptocurrency advocates are unhappy with the Biden administration’s stance on digital assets. With Harris’ arrival, O’Leary believes she has a real chance to set a new tone for how the United States handles cryptocurrencies.
Earlier this week, Senate Majority Leader Chuck Schumer pledged to pass cryptocurrency regulations by the end of the year. He’s been pushing hard to ensure lawmakers don’t “bury their heads in the sand” when it comes to digital assets. Meanwhile, O’Leary has been actively working on cryptocurrency bills in Washington for three years now and sees regulation as inevitable. It’s just a matter of when, not if.
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Harris wasn’t absent from the conversation, though. Billionaire Mark Cuban, another *Shark Tank* star, mentioned that Harris’ team had asked him about cryptocurrency. O’Leary sees this as a good sign. He hopes Cuban’s interactions with the campaign will lead to the development of a concrete crypto platform.
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For O’Leary, the future of cryptocurrencies lies in policymaking. “The more resources they can leverage to make policy, the better,” he said. He’s optimistic that Harris will bring something new, but he’s also aware that a lot of groundwork is already underway in Washington.
Ultimately, O’Leary is clear: Whether it’s Trump or Harris, cryptocurrency regulation is happening. Harris’ lack of a strong stance on the issue gives her another opportunity to shape the future of digital assets in the United States.
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