Kamala Harris promises to boost crypto
On Sunday, Kamala Harris declared her administration's dedication to nurturing the advancement of digital currencies and artificial intelligence (AI) technologies should she ascend to the presidency of the United States.
“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,” Harris announced at a Wall Street fundraising event in Manhattan on Sunday, a development first covered by Bloomberg.
Since assuming the role of Vice President from Joe Biden, Harris had remained notably quiet on the topic of Bitcoin and other digital currencies, which have emerged as key issues in the 2024 presidential race.
However, various sources suggest that Harris's campaign is quietly reaching out to top figures in the industry, aiming to mend ties between the Democratic Party and the digital currency ecosystem.
Harris's latest statements marked her initial open support for this sector as the leading Democratic candidate. This stance distinguishes her from the current administration under President Joe Biden, which some view as resistant to cryptographic currencies.
At the event, Harris elaborated that her administration would aim to provide a solid commercial setting with transparent guidelines, facilitating growth in sectors such as semiconductors and renewable energy while minimizing red tape.
Harris's vow to boost digital currency development indicates a shift towards a more amiable stance on crypto than the existing regime, a move that has garnered accolades from numerous sector insiders.
Although Harris has yet to unveil a detailed plan, her recognition of digital currencies' significance transmits a definitive indication that the era of Biden/Warren hostility has concluded, as asserted Coinbase's policy head, Faryar Shirzad.
Harris's proclamations present her with an opportunity to challenge Donald Trump, who has emerged as a prominent crypto industry advocate.
According to recent figures from Polymarket, Harris is leading in four of the six crucial swing states, encompassing Wisconsin, Pennsylvania, Michigan, and Nevada.
In Michigan, Harris enjoys a significant lead with a 66% chance of winning, with Wisconsin following at 58%. The competition tightens in Pennsylvania and Nevada, where she's ahead with 52% and 51% chances, respectively.
Currently, Harris's chances of clinching the 2024 presidency stand at 52%, granting her a 5-point advantage over Donald Trump, who is at 47%. This shift is attributed to Trump's less favorable performance in the initial presidential debate.
