If Vice President Kamala Harris wins the U.S. presidency in November, her administration could be less hostile toward crypto than President Joe Biden's has been, says TD Cowen, but the comparison to a potential second Donald Trump presidency is more challenging. Vice President Harris, who is set to accept her party's presidential nomination at the Democratic National Convention this week in Chicago, has been rising in the polls since she entered the race .
He emphasized that although Harris would be "more receptive" to the industry and more willing to support policy initiatives that encourage crypto industry growth, it's hard to see her opposing efforts to enhance crypto investor protections. That means there's probably "a continued role" for the SEC in overseeing most tokens and trading platforms.