The presidential candidate introduced her financial agenda to donors in New York Metropolis on September 22, saying she wished to assist innovation in synthetic intelligence and cryptocurrency and focus regulation on defending shoppers and buyers.
The Democrat mentioned she would carry collectively small enterprise founders, innovators and enormous companies to “put money into America’s competitiveness and put money into America’s future.”
She then talked about crypto belongings in public for the primary time, according to To Bloomberg:
“We’ll encourage modern applied sciences resembling synthetic intelligence and digital belongings whereas defending our shoppers and buyers.”
In accordance with Reuters, Harris plans to launch a brand new set of financial insurance policies this week.
Are Democrats Good for Cryptocurrency?
The transfer marks a departure from President Biden, who has aggressively focused the cryptocurrency {industry} via a morass of quite a few lawsuits and imprecise laws. A marketing campaign coverage adviser to Harris informed Bloomberg that she needs to assist develop digital belongings however is curious about extra laws and safeguards for the {industry}.
Nevertheless, researchers have suggestion If Democrats are elected, the cryptocurrency crackdown and hostility towards the {industry} will proceed. Uniswap founder Hayden Adams mentioned “[Joe] Biden is unhealthy for crypto, actions communicate louder than phrases,” then added:
“However progress is progress, and it wants to begin someplace, and it must be inspired. There are extra constructive statements about this expertise than we have gotten in the course of the Biden and Trump presidencies.
Nevertheless, not everyone seems to be satisfied that Democrats are good for cryptocurrencies.
Delay.
Uniswap shouldn’t be trusted.
The one main cryptocurrency firm to actively assist Democrats, particularly Kamala Harris. It is like they need us to lose. https://t.co/huw76HRyQq
— Ryan Selkis (d/acc) (@twobitidiot) September 22, 2024
In April, the U.S. Securities and Trade Fee (SEC) release Intent to take authorized motion towards Uniswap or Wells notification.
ETF Retailer President Nate Geraci additionally sees the irony in cryptocurrency founders supporting Democrats.
The present state of cryptocurrency regulation in two tweets… pic.twitter.com/s4Owie9nzo
— Nate Geraci (@NateGeraci) September 23, 2024
final week, crypto potato report Anthony Scaramucci, founding father of funding agency SkyBridge Capital, revealed that he’s working with Kamala Harris to draft cryptocurrency coverage for her marketing campaign.
Trump goes all-in on cryptocurrencies
Her Republican rival, Donald Trump, has brazenly courted the crypto {industry}, promising to fireside SEC Chairman Gary Gensler and appoint industry-friendly regulators.
Final week, he turned the primary former president to make use of Bitcoin as a cost technique bought a burger A supporter at a New York bar.
In accordance with Polymarket’s election forecast, Harris leads by 52% and Trump trails by 47%. in response to latest A CBS Information ballot reveals the vp is now “up barely in battleground states” and leads Donald Trump by 4 factors nationally.
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