Vice President Kamala Harris made her first public statement about cryptocurrency while recently campaigning for the U.S. presidency at a Wall Street fundraiser in Manhattan since becoming the Democratic Party’s top presidential candidate.
According to a report by Bloomberg on September 23, 2024, Vice President Kamala Harris has pledged to support investment in artificial intelligence and digital assets. She stated,
“We will partner to invest in America’s competitiveness and future. We will encourage innovative technologies like AI and digital assets while ensuring the protection of our consumers and investors.”
Additionally, she mentioned,
“We will establish a safe business environment with clear and consistent regulations. Our investments will focus on semiconductors, clean energy, and other future industries, while also reducing unnecessary bureaucracy.”
She emphasized the need for “rules of the road,” particularly in light of recent company collapses.
Faryar Shirzad, Coin base’s policy chief, praised Kamala Harris’s statement on digital asset innovation and AI in an X post on September 22, stating that
“This is an important and constructive statement from Kamala Harris,”
The industry has been speculating whether Harris will adopt a different stance on cryptocurrency than President Joe Biden. On August 21, 2024, her senior campaign adviser, Brian Nelson, suggested that she would back crypto policies if elected in November.
On the other hand, Kamala Harris’ counterpart, Donald Trump, has been vocal about cryptocurrency. He urged the U.S. government to prioritize its development rather than “selling it off.” In a recent live stream with YouTuber Adin Ross, Trump highlighted the need to strengthen the U.S. crypto sector to remain competitive with China. He described cryptocurrency as a “modern” form of value exchange. He warned that if the U.S. doesn’t advance it, China and other countries will” He also criticized recent government cryptocurrency transactions, asserting, “They should be focusing on building it.”
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