What will Vice President Harris' stance be on crypto and by bit exits France?

This is Coin Desk Daily. I'm your host, Jen Sanasi.

How should Vice President Kamala Harris go about crypto policies now that former President Donald Trump

has shown strong support for the industry. The official monetary and financial institutions

forum, an independent financial think tank says that Harris cannot afford to, quote, seed crypto to

Trump, and quote, the organization said luring some crypto supporters votes and donations from the

Republican camp, quote, could make a big difference in key battleground states, and quote.

Ahead of this month's Democratic National Convention, Harris has not stated an official position

on crypto, but is, quote, signaling a new openness.

That's according to a report from Politico.

The jobs market softened in July, with the U.S. adding 114,000 jobs shy of the expected 175,000, and down from 179,000 in June.

The unemployment rate rose 4.3% according to the Bureau of Labor Statistics, no real reaction from Bitcoin on the news, while the reaction from traditional markets was far bigger.

Ten-year treasury yields tumbled 15 basis points and two-year yield fell a full 23 basis points,

both the lowest levels in more than a year. When it comes to stocks, the NASDAQ futures were down

2.3% in the S&P 500 lower by just over 1.5%. According to CME Fed Watch, there is now a 70% chance

of a 50 basis point Fed cut in September versus only a 22%

chance one day ago. And crypto exchange Bybit said it will withdraw services from France in response to

regulations in the country. In May, the country's financial regulator issued a warning to remind

citizens that the exchange had been blacklisted. Starting today, French users will no longer be able to

purchase any products from Bybit

or add to their positions.

All deposits to French user accounts will be restricted.

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