After being officially recognized as the Democratic nominee, Kamala Harris made a surprising choice by selecting Tim Walz as her running mate.
- Tim Walz once received a $4,000 donation from FTX’s Nishad Singh but chose to return it.
- The Minnesota governor enacted a local law limiting daily crypto kiosk transactions for new customers to $2,000.
- Industry participants and policy experts established the Crypto4Harris group, hoping to bring crypto into the discussion.
Shortly after the Democratic Party officially nominated Kamala Harris for president, she selected Tim Walz as her running mate. Walz, who identifies as a socialist, has not publicly commented on cryptocurrency but has expressed support for various technologies, including nuclear energy.
Although Tim Walz’s stance on cryptocurrency remains unclear, he is known to be pro-regulation. He passed a local Minnesota law limiting crypto kiosk transactions and has also received endorsement from Elizabeth Warren.
Limited Involvement with Cryptocurrency
One of Tim Walz’s few connections to cryptocurrency was a $4,000 donation from former FTX engineering director Nishad Singh during the 2022 election cycle. However, he returned the donation in 2023.
He also recently signed a Minnesota law that targeted crypto kiosks, enforcing proper disclosure, a mandate to issue refunds for those involved in fraud if they are a new customer, and set a maximum daily transaction limit of $2,000 for new customers.
According to Coindesk, the Polymarket prediction market had anticipated Pennsylvania Governor Josh Shapiro as the vice presidential nominee, with his chances reaching approximately two-thirds until Tim Walz was ultimately chosen.
Previously, Gary Peters, who was known as “strongly against crypto,” was also said to be considered as her running mate.
Like Kamala Harris, Tim Walz has yet to announce his personal or the Democratic Party’s stance on cryptocurrency. Some industry participants and policy experts are forming the Crypto4Harris group to support her campaign and bring cryptocurrency into the conversation.
