Billionaire investor Mark Cuban suggests that Kamala Harris could be more receptive to innovation and cryptocurrencies than President Joe Biden. This article explores Harris’s potential impact on the tech industry, her engagement with crypto executives, and the political implications of her stance on digital assets.
Points
- Mark Cuban’s insights on Harris’s potential support for innovation.
- Harris’s engagement with crypto executives.
- The political implications of Harris’s stance on digital assets.
- The potential showdown between Harris and Trump at the Bitcoin Conference.
Tech CEOs See Potential in Kamala Harris
Mark Cuban believes Kamala Harris could be more open to business, artificial intelligence （AI）, crypto, and government as a service. He mentioned that Harris’s team has been actively engaging with crypto executives to shape her agenda.
A tech CEO recently pointed out that Harris has the opportunity to attract support and donations from West Coast tech executives and venture capitalists eager for action on issues that the Biden administration has not addressed, such as immigration reform for high-skilled workers and clear regulations for artificial intelligence.
Aaron Levie, the CEO of Box, stated that Harris could quickly rally a large portion of the tech ecosystem if she proposes a credible, pro-business, pro-tech, and pro-entrepreneurship policy framework. According to Levie, many tech CEOs could potentially support Harris if she adopts a pro-tech policy stance.
Kamala Harris May Join Trump at Bitcoin Conference
Harris might join Donald Trump at the upcoming Bitcoin Conference from July 23 to 25. David Bailey, the CEO of Bitcoin Magazine and one of the event organizers, confirmed ongoing talks with Harris’s campaign team, and a decision is expected soon. Bailey believes that engaging with the growing voter base interested in crypto would be beneficial for Harris.
If Harris agrees to speak, it could set the stage for a significant showdown in the presidential race, especially considering concerns among Democrats about Trump’s rising support from crypto-based voters. Trump is scheduled to speak on July 25 about crypto regulation, with speculation that he might discuss making Bitcoin a reserve asset in the United States if he wins the election. Some reports suggest Trump is open to debating Harris at the conference.
Senator Lummis Opposes Bitcoin Mining Tax
Pro-crypto Senator Cynthia Lummis pointed out the role of Bitcoin mining facilities in securing the energy grid. These facilities can balance and redistribute energy during times of need. For instance, the collaboration between the Electrical Reliability Council of Texas （ERCOT） and Bitcoin miners exemplifies this, with miners selling 1,500 megawatts of energy back to the grid during peak demand in 2022 and acting as a Controllable Load Resource during winter storm Heather in 2024.
Lummis argued that a 30% tax on Bitcoin miners would disincentivize the pursuit of sustainable energy and innovative energy recycling techniques. She provided examples like sequestering methane from trash dumps to mine Bitcoin and El Salvador’s use of volcanic energy to mine 474 Bitcoin.
In Finland’s Satakunta region, excess heat from a Marathon Digital mining facility warms a community of 11,000 people. Marathon Digital also signed an agreement with Kenya’s government to develop the country’s renewable energy sector, which already meets up to 80% of its energy needs.
Trump Quashes Treasury Appointment Rumors
Trump recently denied reports that he might appoint JPMorgan CEO Jamie Dimon or BlackRock CEO Larry Fink as Secretary of the Treasury if reelected. In a July 23 post on his Truth Social platform, Trump stated that neither Dimon nor Fink were considered for a potential cabinet role.
Dimon is notoriously anti-crypto, having labeled digital assets as tools for criminals. Fink, on the other hand, has recently shifted his stance on Bitcoin, now calling it ”digital gold” and a legitimate financial instrument.
Trump’s post is part of his ongoing criticism of the media and Democrats after the announcement that President Biden would not seek reelection in November. Vice President Harris, who has secured enough delegates to become the Democratic nominee, is expected to face Trump in the election.
解説
- Political Dynamics: Harris’s engagement with tech executives and potential support for innovation could reshape her political image and attract significant support from the tech industry.
- Bitcoin Conference: Harris’s participation in the Bitcoin Conference could influence her standing among crypto enthusiasts and contrast her stance with Trump’s pro-crypto policies.
- Energy and Bitcoin Mining: The debate around Bitcoin mining taxes highlights the intersection of energy policy and cryptocurrency regulation, with significant implications for both sectors.