Tim Walz Joins Kamala Harris’ Ticket: What Are His Views on Crypto?

Key Takeaways

• Vice President Kamala Harris selects Minnesota Governor Tim Walz as her running mate to appeal to Midwestern voters and enhance her campaign’s reach in crucial swing states.
• Governor Walz’s strong commitment to clean energy policies could significantly influence US crypto mining practices.
• The Harris-Walz ticket has generated substantial fundraising momentum, raising over $20M shortly after Walz’s selection.

Vice President Kamala Harris has chosen  Minnesota Governor Tim Walz as her running mate for the 2024 election, hoping to bolster her appeal in key Midwestern swing states.

Walz’s appeal to rural and moderate voters perfectly complements Harris’ ties to California’s coastal regions. The dynamic duo aims to blend Harris’ progressive base with Walz’s Midwestern charm, creating a balanced Democratic ticket poised to win crucial battleground states.

As crypto policies emerge as a hot topic for the upcoming elections, the question remains: where does Walz stand on this pressing issue?

Energy Policy Could Shape US Crypto Mining Amid Election Dynamics

Walz, like Harris, has yet to make a public statement  about the crypto industry. Though the Minnesota Governor did receive donations from FTX executives, he later returned them .

While it’s uncertain if Walz is a fan of the crypto industry, he has shown a solid commitment to energy policy, exemplified by his legislation aiming for Minnesota to shift to entirely clean energy by 2040. 

This focus on sustainability could hold implications for the cryptocurrency industry, especially Bitcoin mining, which is frequently scrutinized for its substantial energy demands. 

As a potential Vice President, Walz’s stance on clean energy could shape national cryptocurrency mining strategies, nudging operations towards more environmentally friendly methods.

Nevertheless, Walz may have to make his stance on crypto clear soon.

With interest around crypto only increasing in the U.S., particularly with one in three American voters being more likely to invest in Bitcoin or other cryptocurrencies following the approval of a spot Bitcoin ETF, Governor Tim Walz may need to adjust his positions on energy and cryptocurrency to attract support from the crypto community in the November election.

Following the announcement of Walz as Harris’ vice presidential pick, their campaign reported a significant uptick in support, both financially and in betting markets.

The Democratic ticket raised over $20 million since Walz’s addition, surpassing the $15 million raised by the Trump campaign within the first 24 hours of revealing JD Vance as their vice presidential choice. Additionally, Harris’ odds of winning increased by 2% on PolyMarket  following the announcement.

Politics Inspired by Students

Prior to joining the presidential race, the Minnesota governor served as a schoolteacher and a non-commissioned officer in the Army National Guard.

Walz shared , “My students were the ones who pushed me to enter politics,” noting, “They recognized in me the values I aimed to cultivate in them: a dedication to the common good and the belief that one individual can effect change.”

He also sharply criticized the Republican presidential nominee, Donald Trump, and his vice-presidential pick, Senator JD Vance, showcasing an early glimpse of how Walz could adopt the traditional “attack dog” role of a vice presidential candidate despite his friendly, down-to-earth demeanor.

Democrats Work Towards Flipping Anti-Crypto Perception

Vice President Kamala Harris and the Democratic party are reportedly working to rebuild relationships with cryptocurrency firms and enthusiasts, many of whom have remained aligned with or returned to the Republican Party.

About the Author

Teuta Franjkovic

Teuta is a seasoned writer and editor with more than 15 years of experience. She has expertise in covering macroeconomics and technology as well as the cryptocurrency and blockchain industries. She has worked for several publications as a journalist and editor, including Forbes, Bloomberg, CoinTelegraph, Coin Rivet, CoinSpeaker, VRWorld and Arcane Bear. Teuta began her professional career in 2005, working as a lifestyle writer at Cosmopolitan in Croatia. From there, she branched out to several other publications, covering mainly business and the economy. She then turned her attention to the world of cryptocurrency and blockchain, believing that crypto is among the most important inventions in the history of humanity. Her involvement in fintech began in 2014 and she has since lent her expertise in writing, editing and gathering information about the world of crypto, blockchain, NFTs and Web3. An all-round news hound, mentor, editor, and writer, Teuta enjoys teamwork and good communication. She holds a WSET2 diploma and has a thing for chablis, punkrock music and shoes. She also holds a double MA in Political science and Entrepreneurship.

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