KAMA Meme Coin Plummets 25% Despite Kamala Harris' Pro-Crypto Stance!

In Brief:

Kamala Horris (KAMA) meme coin has dropped nearly 25%, even as Vice President Kamala Harris reportedly supports pro-crypto legislation.

Skepticism remains as no specific crypto policy was mentioned, and concerns about regulatory approaches persist.

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KAMA Meme Coin Plummets 25% Despite Kamala Harris' Pro-Crypto Stance

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The Kamala Horris (KAMA) meme coin has plunged nearly 25%, despite reports suggesting Vice President Kamala Harris may support pro-crypto legislation. This comes amid criticism of the Democratic National Convention’s exclusion of cryptocurrencies from its platform and growing political discussions centered around digital assets.

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Kamala Harris to Support Pro-Crypto Legislation

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Brian Nelson, a senior advisor for Harris, revealed her intention to back pro-crypto policies if elected, aiming to foster ties with the crypto community. However, concerns have arisen about potential regulatory appointments, such as SEC Chair Gary Gensler as treasury secretary, which worries the crypto sector. Market sentiment remains cautious, with industry leaders demanding specific policy actions.