Stand With Crypto Changes Ranking Of Kamala Harris On Website

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Julia Smith

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Julia Smith

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Julia is an experienced editor with a passion for covering a wide variety of beats. She loves all things politics and regularly covers regulatory updates on emerging technology here for Crypto News.

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Last updated:

September 25, 2024 15:09 EDT

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Stand With Crypto has altered the crypto-friendly rating given by the Coinbase-backed crypto collective of Democratic nominee Kamala Harris ahead of the 2024 U.S. presidential election.

According to a September 23 X post from Stand With Crypto’s official account, Harris had received a B rating overall for her stance on digital assets due to a recent statement where she promised to “invest in America’s competitiveness” by encouraging “innovative technologies like AI and digital assets while protecting consumers and investors.”

Stand With Crypto Alters Kamala Harris Scorecard

The move drew controversy from members of the crypto community, given that the newly appointed Democratic candidate has yet to unveil her policy on digital assets officially.

Stand With Crypto then announced in an additional X post late Thursday that it had adjusted its scoring guidelines and reverted Harris’ crypto score to N/A to reflect this change.

“We were built for the crypto community and we hear you,” Stand With Crypto said. “SWC has updated our scorecard & now requires additional clarity from candidates up & down the ballot in order to qualify for a letter grade.”

“We’ve gotten a ton of feedback at @StandWithCrypto on our politician scorecard recently, and I wanted you to know we’ve listened and made changes,” Stand With Crypto’s Executive Director, Logan Dobson, posted to X Thursday. “Specifically, it will now be more difficult for candidates to receive a scorecard grade – any grade, positive or negative.”

Trump, Crypto And The 2024 U.S. Presidential Election

While Harris has shied away from discussing the blockchain sector on the campaign trail, Republican nominee Donald Trump has largely embraced the industry.

At the Bitcoin Conference 2024 this past July, the former reality television star promised to enact crypto-friendly regulation if elected U.S. president for the second time.

“We will have regulations, but from now on, the rules will be written by the people who love your industry, not hate your industry,” Trump told audiences.

Most recently, Trump formally launched his family’s nascent crypto platform, World Liberty Financial, where he targeted the United States Securities and Exchange Commission’s (SEC) regulation-by-enforcement approach to digital assets.

“If for some reason bad, bad things happen and we don’t win the election, those people that were under investigation and that are free as a bird right now, people that were being looked at in the crypto world, they will be living in hell because it will start the day after the election if they win,” he said.