Kamala Harris Announces Support for Crypto, Industry Players Seek Action

Coinspeaker
Kamala Harris Announces Support for Crypto, Industry Players Seek Action

In the ongoing US Presidential campaign, Democratic nominee Kamala Harris made the first public statement on crypto with a vow to encourage investments in the artificial intelligence and digital assets industries.

Her comments came during a Wall Street fundraiser on Sunday, September 22. “We will partner together to invest in America’s competitiveness, to invest in America’s future. We will encourage innovative technologies like AI and digital assets while protecting our consumers and investors,” said Kamala Harris, per the Bloomberg report.

Additionally, she said that she would create a safe business environment with consistent rules. Harris added that her administration would also cut down on “needless bureaucracy” while investing in clean energy, semiconductors, and other industries.

This is the first time that Kamala Harris has openly talked about digital assets in her 2024 Presidential election campaign. On the other hand, her Republican opponent Donald Trump has been making an aggressive push for Bitcoin and the crypto industry. In his party manifesto released earlier, he has already vowed to bring crypto-friendly legislation if he returns to the White House again. Last week, the Donald Trump team also launched a Defi project – World Liberty Financial.

While the Harris team has been working to prop up the image of the Vice President, Kamala needs to walk the talk on crypto policies. She would first need to dissociate from President Joe Biden’s approach, who’s been seen as unfriendly to the crypto sector. It could also mean taking a step against anti-crypto Elizabeth Warren who’s been trying to throttle the industry with regulatory crackdowns.

The crypto industry leaders have welcomed the recent comments from Harris. Speaking on this, crypto lawyer Jake Chervinsky wrote: “This is progress and progress is good. But ‘while protecting our consumers and investors’ could mean a lot of things. “The anti-crypto army uses ‘consumer protection’ as a smoke screen to conceal their attempts to destroy our industry. I, for one, want to see policy details,” he said.

Coinbase policy chief Faryar Shirzad said that welcomed the recent comments from Harris adding:

“It’s not nearly as forward-leaning as the concrete and visionary positions taken by Donald Trump, but it’s still notable because she recognizes digital asset innovation as being important and on par with AI”.

Crypto is becoming the central issue to focus on in this Presidential election. One thing is clear irrespective of the candidate, America would win when it comes to crypto legislation.

Kamala Harris Announces Support for Crypto, Industry Players Seek Action