U.S. Vice President Kamala Harris is now the presumptive Democratic Party nominee for president after the incumbent, Joe Biden, abruptly announced his withdrawal from the race last Sunday.

This development raises questions about how a potential Harris administration in the White House might approach bitcoin and the cryptocurrency sector as a whole.

Immediately following Biden's announcement, bitcoin briefly declined by 3% as markets adjusted their expectations regarding the possibility of a pro-crypto Trump victory in the November elections. The digital asset has since rallied back above the $67,000 mark, fuelled by anticipation surrounding Donald Trump's upcoming speech at Bitcoin 2024 in Nashville, Tennessee.

Kamala Harris presidency

With Harris' odds of winning the election in …