United States presidential candidate and current Vice President Kamala Harris is actively engaging with the cryptocurrency community as part of her “Opportunity Economy” plan. On October 14, she’s set to meet with a group of Black entrepreneurs in Erie, Pennsylvania. At the event, she intends to talk about her dedication to Black-owned businesses, her views on regulating cryptocurrencies and digital assets, and her support for cannabis legalization on a federal level.
It’s very clear that Cedric Richmond who serves as co-chair of the Harris campaign stated the announcement of the vice president is core to her opportunity economy promise as per the statement issued through a local radio station.
Kamala Harris Co-chair Commends the Opportunity Economy Plan
Richmond states that Harris is trying to win Black men’s votes by concentrating on the development of an economy where they could afford amenities such as purchasing houses, raising families, creating businesses, and accumulating wealth. Even after big bust and corruption scandals Harris has not maintained the image of a crypto’s villain since she announced her campaign.
More recently, Chris Larsen who is the co-founder of Ripple donated about $1 million of donated XRP to Harris-Walz 2024 presidential campaign.
Some people view Harris as a candidate who is open to working across party lines to create regulations for digital assets and the broader crypto industry. Still, not everyone in the community is convinced by what they see as the Harris campaign’s new “crypto pivot.”
Yet, materials on the Harris campaign website about the Erie, Pennsylvania, event use slightly different language. They mention that those who “own” cryptocurrency will be protected, suggesting that her plan focuses on safeguarding ownership rather than restricting or getting rid of it.
“Supporting a regulatory framework for cryptocurrency and other digital assets so Black men who invest in and own these assets are protected.”
Harris Beats Biden, But Not Trump in the Crypto Push
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According to a report by Galaxy Research, Kamala Harris is more open to cryptocurrency than President Joe Biden, but this appreciation is understandable given her opponent, Donald Trump the contrary, Sparrow remembers.
Kamala Harris has made herself clear that she would like to enhance the environment for cryptos companies in America. Nevertheless, she gets herself backed away from addressing issues like taxation, Bitcoin mining, self-custody. Chief of research at Galaxy Alex Thorn commented on this on the X Platform.
How Trump and Harris Moves in Crypto Policy
In the November elections, Donald Trump who was nominated by the Republican Party goes head to head with Kamala Harris who was nominated by the Democratic Party. Trump is on the record looking to reverse history such that America becomes the “world leader in Cryptocurrency matters”. Harris has kept a dull atmosphere.
Biden’s government has been quite active against regulating the industry, and the SEC has, in the recent past, punished and taken legal action towards over 100 companies that appeared to abuse the law. In July, Secretary Gensler pledged to Trump “kill” quote the searing assertions that he feels the soft-spoken Mr Gensler, a ladies man, presents in his office.
Soon Kamala Harris started changing her tone and began announcing additional focus on cryptocurrencies including the use of its underlying technology, which she believes the US should “maintain leadership” in the list of advanced technology chains.
Kamala Harris’s outreach to the cryptocurrency community is a key part of her “Opportunity Economy” plan. By engaging with Black entrepreneurs and addressing issues like digital assets and federal cannabis legalization, she’s positioning herself as a forward-thinking candidate. Despite past controversies in the crypto space, Harris has managed to maintain a more favourable stance than her opponents.
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