As a seasoned crypto investor with over a decade of experience navigating the volatile digital asset market, I find Kamala Harris’ recent stance on crypto to be a promising development in this year’s Presidential campaign. The potential for partnership and investment in emerging technologies like AI and digital assets is certainly enticing, especially considering her emphasis on creating a safe business environment with consistent rules.
During the current U.S. Presidential race, Democratic candidate Kamala Harris has spoken publicly about cryptocurrency for the first time, pledging to foster growth in the fields of artificial intelligence and digital asset development.
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.
Moreover, she expressed her intention of establishing a secure corporate climate governed by reliable guidelines. Furthermore, Harris mentioned that her leadership would minimize unnecessary red tape and prioritize investments in clean energy, semiconductors, and other key sectors.
For the first time during her 2024 presidential campaign, Kamala Harris publicly discusses digital assets as an issue. Contrastingly, her Republican rival Donald Trump has been advocating forcefully for Bitcoin and the cryptocurrency sector. In his party’s platform previously published, he pledged to enact pro-cryptocurrency laws if reelected as president. Last week, the Trump team introduced a DeFi project called World Liberty Financial.
Kamala Harris Needs to Walk the Talk on Crypto
In order for Kamala Harris to effectively demonstrate her stance on cryptocurrency policies, she should translate her words into action rather than just maintaining a positive public image regarding this matter. This could involve distancing herself from President Joe Biden’s perceived negative attitude towards the crypto sector, as well as taking a stand against Senator Elizabeth Warren who has been advocating for stricter regulations that some view as suppressive to the cryptocurrency industry.
Industry leaders in the cryptocurrency field have expressed approval following Harris’ recent remarks. Jake Chervinsky, a legal expert in crypto matters, commented on this: “This is progress, and progress is always beneficial. However, ‘protecting consumers and investors’ could encompass various things. The anti-crypto faction often employs ‘consumer protection’ as a smokescreen to mask their efforts to undermine our sector. I personally want to see specific policy proposals.
Coinbase policy chief Faryar Shirzad said that welcomed the recent comments from Harris adding:
Although her stance isn’t as bold or definitive as Donald Trump’s, it’s significant because she acknowledges digital assets as a critical field, equal in importance to artificial intelligence.
In the upcoming Presidential election, cryptocurrency is emerging as a crucial topic for discussion. Regardless of who the candidate is, it’s apparent that the U.S. stands to benefit significantly in terms of crypto regulations.
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2024-09-23 11:39