News

Vice President Kamala Harris to Promote Crypto With Supportive Measures

Key Points:

Vice President Kamala Harris plans to support policies that foster the growth of digital assets.
The cryptocurrency sector, critical of current regulations, has shown increased political involvement, with some key figures backing former President Donald Trump.

According to Bloomberg, Vice President Kamala Harris plans to support the expansion of digital assets.

Vice President Kamala Harris to Back Digital Asset Growth

Speaking in a roundtable at the Democratic National Convention, Harris‘s senior campaign adviser, Brian Nelson, emphasized her commitment to the development of emerging technologies. “She’s going to support policies that ensure that emerging technologies and that sort of industry can continue to grow,” Nelson said, striking a conciliatory note with the crypto community.

For years, the cryptocurrency industry has been very critical of the Biden administration’s approach to regulation. Now, the industry is preparing a strong political flex in this election cycle.

So far this year, more political donations have come from the crypto industry. Some high-profile figures have thrown their weight behind former President Donald Trump. Earlier on, Trump had termed the cryptocurrency a scam but has since warmed up to it—holding at least $1 million in digital money while calling for less government regulation.

Views of Harris and Trump on Crypto

While Vice President Kamala Harris did not mention digital assets explicitly during a recent campaign event in North Carolina, she noted her commitment to cutting red tape and reaching out to support high-tech industries. Under her presidency, she promised to create a clear and steady business environment with transparent rules.

In contrast, Trump has vowed to roll back regulatory oversight, including axing Securities and Exchange Commission Chair Gary Gensler. His proposals have also been cheered by major crypto investors like Cameron and Tyler Winklevoss, who have given to pro-Trump efforts.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.