The young and pragmatic Harris administration may bring new opportunities for the encryption industry.

As U.S. Vice President Kamala Harris continues to rise in the polls, the cryptocurrency industry is beginning to consider the potential impact her presidency might bring.

Industry insiders are focused on whether the Harris administration will appoint younger advisors who are more open to encryption technology? Will it support balanced encryption regulatory legislation? Can the Republicans better serve encryption users and innovators?

Although it is still early to determine the specific impact of the Harris administration on the U.S. encryption and blockchain industry, her background and political inclinations, along with her campaign partner Tim Walz, provide some clues.

Former presidential advisor Mo Vela believes that Harris and Walz are both "pragmatists" who are good at building consensus and crossing party lines. This is crucial for advancing legislation on encryption reform. Their younger age may also bring a "fresh perspective on cryptocurrency."

Harris grew up near Silicon Valley and has extensive experience in technology. Vela expects that the Harris-Woltz combination will bring a "more modern and relevant perspective."

The CEO of a certain company, Boris Bohel-Bilovitsky, also holds an optimistic view on Harris's term, believing that she "will support encryption currencies." He pointed out that Harris has already been in contact with industry experts and has close ties with Silicon Valley.

The Harris team has brought in encryption experts such as David Plouffe and Gene Sperling, which is seen as a positive sign. Compared to Trump, Harris and Walz are nearly 20 years younger and may be more inclined to embrace financial innovation.

But experts also remind us not to expect a "miracle" to happen. Jack Soloway, an analyst at the Cato Institute, hopes to see the Harris team take a clear stance on encryption policy. Vera, on the other hand, believes that the industry itself also needs to be more united and adopt a unified regulatory lobbying strategy.

Regarding whether the current SEC chairman should be replaced, experts point out that this is not something the president can easily do. However, some believe that Gensler's unpopularity across a wide range of industries may affect his future prospects.

Brookings Institution researcher Aaron Klein pointed out that there are divisions within the Democratic Party on encryption issues. Harris may take a middle path, distinguishing herself from the Biden administration while retaining enough flexibility.

Experts believe that effective encryption regulation should promote innovation and growth, support businesses and consumers, and eliminate bad actors. If done correctly, these measures will not harm industry development.

Overall, the Harris administration is expected to bring a younger and more pragmatic perspective to the encryption industry, but the specific policy direction remains to be observed. The industry also needs to unite and contribute to the formation of a reasonable regulatory environment.