Kamala Harris Can't 'Cede Crypto to Trump'; Bybit Withdraws Services From France

What will Vice President Harris stance be on crypto and buy bit exits France. You're watching Coin Desk Daily. I'm your host, Jen Sani. 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 Louis 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 US adding 100 and 14,000 jobs shy of the expected 175,000 and down from 100 and 79,000 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. 10 year Treasury yield 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% and the S and 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 by it said it will withdraw its services from France. In response to regulations in the country. 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, buy it or add to their positions. All deposits to French user accounts will be restricted. The company said in a release, it has always been their primary objective to operate in compliance with relevant rules and regulations. That's it for coin desk daily, get more updates on Coin desk.com and we'll see you next time.