**Mark Cuban Endorses ‘Crypto4Harris’ as VP Harris Gains Traction Against Trump**
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NAIROBI (CoinChapter.com)— Vice President Kamala Harris has garnered significant support within the cryptocurrency sector, highlighted by billionaire Mark Cuban’s public endorsement. This backing has altered the electoral landscape, giving Harris an edge over former President Donald Trump.
U.S. presidential election odds for Trump and Harris. Source: Polymarkert
The grassroots initiative, Crypto4Harris, has been launched to promote Harris and aims to elevate the United States as a frontrunner in the digital asset arena. Cuban’s endorsement has bolstered Harris’s standing on Polymarket, where her odds have risen to 50%, slightly surpassing Trump’s 49%. Betfair’s figures also show Harris marginally ahead at 49.5%, compared to Trump’s 48%.
**Crypto4Harris Gains Traction with Major Event**
On August 16, Crypto4Harris hosted a virtual town hall featuring prominent speakers, including Cuban. The organization’s mission is to galvanize support from the cryptocurrency community and advocate for policies that strengthen the U.S. position in digital assets.
Harris attracts backing from leaders in the crypto sector. Source: Mark Cuban
Harris’s ascent in the polls is attributed to successful rallies in key swing states and her selection of Tim Walz as her running mate. Walz’s views on crypto regulation resonate with those of Senator Elizabeth Warren, differing from Trump’s favorable stance on cryptocurrencies. Cuban emphasized that the Vice President’s policy positions have minimal influence on the decisions made by the president.
Nevertheless, Balaji Srinivasan has criticized the ‘Crypto4Harris’ initiative, calling it a scam. He contends that the Democrats are courting crypto voters without committing to substantial policy reforms. Srinivasan suggested that if the shift in policy were genuine, the Democratic Party would take swift actions, such as dismissing SEC Chair Gary Gensler and putting an end to SEC show trials. He urges the crypto community to prioritize actions over rhetoric and to ensure that political capital is utilized now rather than promised for the future.
**Election Odds and Bitcoin Connection**
In a significant turn of events, Trump’s odds dropped to 49%, marking their lowest point since May, while Harris’s odds climbed to 50% for the first time since her campaign launch. During this time, Bitcoin has faced a second rejection at the $54,500 support level and is currently trading around $59,400.
BTC/USD 1-day price chart. Source: TradingView
On PredictIt, Harris has established a 10-point advantage over Trump. Her upward momentum is fueled by rallies in swing states and her choice of Tim Walz as a running mate. While the Bitcoin positions of both candidates remain unofficial, Walz is known to support stricter regulations on cryptocurrencies. Cuban reiterated that the Vice President’s policy positions are unlikely to sway presidential decision-making.
As Harris maintains her lead in the polls leading up to November, it will be intriguing to see if Bitcoin’s correlation with Trump’s odds resurfaces or continues to rise independently. Should Trump regain the lead on Polymarket, it could positively influence Bitcoin’s price.
In the meantime, Fox News has reported on the emerging Crypto4Harris campaign. Additionally, the Fairshake crypto super PAC has announced contributions to both Republicans and Democrats who advocate for the industry, suggesting that cryptocurrency may evolve into a bipartisan topic in the forthcoming election.