Vice President Kamala Harris Backs Crypto With New Plan

Key Points:

• Vice President Kamala Harris unveiled a plan aimed at enhancing financial opportunities and career support for Black men.
• The plan also highlights support for digital finance, noting that over 20% of Black Americans engage with cryptocurrency.

With Black voters increasingly cooling toward him, Vice President Kamala Harris unveiled a sweeping blueprint to improve the economic prosperity and career advancement prospects for Black men.

Read more: Chris Larsen Donates $1M XRP to Kamala Harris 

Vice President Kamala Harris Unveils “Opportunity Agenda for Black Men”

Titled the “Opportunity Agenda for Black Men,” her proposal expands on her larger “Opportunity Economy” platform. It’s an agenda aimed at dealing with economic problems specific to Black men. The move comes less than a month before the presidential election when campaigns are attempting to nail down critical blocs of voters.

According to CNBC, the ambitious plan promises deep financial resources to Black entrepreneurs seeking to launch or grow their businesses via a million forgivable loans up to $20,000. It also itemizes health and education initiatives.

“This agenda is a further realization of Vice President Kamala Harris’ Opportunity Economy,” said Cedric Richmond, a campaign co-chair and former U.S. Representative. He added that the plan’s purpose was to position Black men not just to survive but to thrive in aspects such as home ownership, family elevation, and wealth creation.

Harris, Trump Tout Different Approaches on Economic Policies

The Harris plan also touches on digital finance, citing that more than 20% of Black Americans have used cryptocurrency. Harris‘ campaign reiterated support for emerging technologies such as artificial intelligence and digital assets in a broader 80-page economic plan she first discussed.

Across the aisle, Republican candidate Donald Trump has pledged to terminate what he calls a “crackdown” on the U.S. crypto industry. He supports a crypto project called World Liberty Financial and pledges to turn the U.S. into the “world capital of crypto.”

Trump also hinted at creating a federal efficiency commission to be led by Elon Musk, who expressed interest in such a role.