Kamala Harris, the Democratic nominee for the US Presidential campaign, has announced her support for the cryptocurrency industry, marking a significant shift in her stance on digital assets. During a Wall Street fundraiser on Sunday, September 22, Harris pledged to encourage investments in artificial intelligence and digital assets while ensuring consumer protection and investor safety.
This announcement comes as a surprise to many, as Harris had not previously addressed digital assets in her 2024 Presidential election campaign. In contrast, her Republican opponent, Donald Trump, has been vocal about his support for Bitcoin and the crypto industry, promising crypto-friendly legislation if re-elected.
Harris’s statement has been met with cautious optimism from industry players. Crypto lawyer Jake Chervinsky acknowledged the progress but emphasized the need for concrete policy details, especially in light of potential regulatory crackdowns from anti-crypto figures like Elizabeth Warren. Coinbase policy chief Faryar Shirzad also welcomed Harris’s recognition of digital asset innovation, although noting that her position is not as forward-leaning as Trump’s.
The crypto industry is increasingly becoming a focal point in the Presidential election, with both candidates vying for support from the growing sector. Harris’s announcement signals a potential shift in her approach to crypto policies, which could have far-reaching implications for the industry.
However, Harris will need to follow through on her promises and differentiate herself from President Joe Biden’s perceived unfriendliness towards the crypto sector. As the election approaches, the crypto community will be closely watching to see how Harris’s support for the industry translates into tangible action. Regardless of the outcome, it is clear that crypto legislation will play a crucial role in shaping America’s future in the digital economy.