During a campaign speech in Erie, PA, on Monday night, Democratic nominee Kamala Harris remained vague about her highly anticipated crypto regulatory framework. Despite previous commitments to introduce protections for digital assets before the 2024 U.S. presidential election, she did not provide specific details during her address.
Kamala Harris Sidesteps Crypto Clarity While Targeting Key Voter Demographics
The former top prosecutor refrained from discussing the cryptocurrency sector directly during her appearance at the Erie Insurance Arena. Instead, she emphasized her vision of creating an “opportunity economy” for American citizens, targeting undecided Black male voters crucial for her electoral success.
🚨 JUST IN: 🇺🇸 The Kamala Harris campaign has unveiled its initial statements on crypto policy, aiming to establish clear regulations for digital assets. The plan emphasizes crypto regulation, noting that over 20% of Black Americans own or have owned digital assets.
According to the Harris campaign, more than 20% of Black men have engaged in investing in digital assets.
“Vice President Harris recognizes the potential of new technologies to enhance access to banking and financial services,” a recently released agenda from her campaign stated.
“She will ensure that owners and investors in digital assets benefit from a regulatory framework, protecting Black men and others participating in this market.”
In addition to crypto regulations, Kamala Harris is focusing on broader campaign issues, including initiatives specifically aimed at supporting Black men. This plan includes legalizing recreational marijuana, increasing investments in Black male teaching opportunities, and offering one million forgivable loans for Black entrepreneurs.
Political analysts view this as a strategic move by Kamala Harris to regain support from Black male voters, a demographic where Republican nominee Donald Trump has gained traction.
Trump’s Stance on Crypto Under Scrutiny
Trump has positioned himself as the crypto-friendly candidate, even vowing to remove current SEC Chair Gary Gensler if he wins the presidency this November. “We will have regulations, but from now on, the rules will be written by those who support your industry, not by those who oppose it,” he remarked at the Bitcoin 2024 Conference in Nashville over the summer.
However, Harris’s recent overtures toward the blockchain sector may prove beneficial in securing crucial votes as the presidential race intensifies. “She knows people who have lived in the innovation economy her whole life,” said Ripple co-founder Chris Larsen in an interview with CNBC on Monday, asserting that Harris comprehends the fundamental concerns facing the crypto industry.
With national polls showing a tight race, it remains uncertain whether Harris can outpace Trump in the final stretch of the election.
0 Post a Comment: