US Vice President Kamala Harris is reportedly looking to reset relations with major US cryptocurrency companies as part of her campaign strategy for the upcoming election. 

This move signals a potential shift in the Democratic Party’s stance towards the crypto industry, which has faced significant regulatory scrutiny under the Biden administration.

According to a report from the Financial Times, Harris’ team has reached out to leading cryptocurrency companies, including Coinbase, Circle, and Ripple Labs, to request meetings. 

This effort is seen as a strategic pivot to change the crypto market participants’ view of the Democratic Party, which has been criticized for its aggressive regulatory approach towards the industry.

Harris’ campaign aims to differentiate her from the Biden administration by engaging with cryptocurrency companies to “build a constructive relationship.” 

This repositioning could be crucial as she prepares for the election, particularly with growing interest from tech sector donors. 

By presenting herself as a more crypto-friendly candidate, Harris hopes to garner support from the increasing number of crypto enthusiasts within the Democratic base.

Global uncertainty amidst geopolitical tensions and their impact on the USD as the reserve currency could make Bitcoin (BTC) and other cryptocurrencies including Blackjack (JACK) a safer option for investors in 2024.

Blackjack merges gambling with cryptocurrency, offering exposure to two rapidly growing markets.

Online gambling is expected to hit close to $98 billion in revenue this year and is projected to grow at a compound annual pace of 6.46% through 2029. Similarly, the meme coin market, which emerged during the pandemic, had already garnered a valuation of over $20 billion by the end of the health crisis.

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Blackjack ($JACK) is set to launch on July 31st, making it an exciting investment for the back half of 2024. Building an early position in an anticipated meme coin like $JACK could translate to significant returns moving forward.

The native Blackjack coin will likely be available at a low price during its upcoming presale, making it accessible to a wide range of investors.

After the presale, the team behind Blackjack plans to list the native meme token on a notable crypto exchange, which tends to help with price appreciation. Broader crypto market tailwinds, including expectations that the US Federal Reserve will begin cutting interest rates in September, could also benefit $JACK.

As the central bank adds leniency to its monetary policy, investors tend to allocate more capital into risk-on assets like cryptocurrencies, including the native Blackjack coin.

Moreover, $JACK is built on the Solana blockchain, and Solana-based meme coins have performed well in 2024.

Kamala Harris’ attempt to reset relations with the crypto industry reflects a strategic pivot as she prepares for the upcoming election. The broader implications of this shift in stance could have significant effects on the cryptocurrency market, with potential benefits for investors in emerging coins like Blackjack.

The post Kamala Harris aims to reset crypto relations as Blackjack ($JACK) launch approaches on July 31 appeared first on Invezz

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