As part of her campaign, Kamala Harris vows to support AI and crypto innovation while ensuring consumer protection. Will this reshape U.S. policy on digital assets?
In a significant shift, U.S. Vice President Kamala Harris has publicly addressed cryptocurrency for the first time, marking a pivotal moment for the sector. During a Wall Street fundraiser on September 22, Harris pledged support for digital assets and artificial intelligence (AI), promising policies to encourage innovation while ensuring consumer and investor protection.
Harris’ remarks come as she campaigns for the 2024 U.S. presidency, where she faces a close race against Republican rival Donald Trump, who has already established strong ties to the crypto industry. This new stance from Harris signals potential changes in U.S. crypto regulations, following what many see as a challenging period under the Biden administration.
Key Points:
Support for Crypto and AI Innovation: Kamala Harris stated that she will foster investment in AI and digital assets as part of her broader commitment to U.S. competitiveness.
Consumer Protection Focus: While supporting crypto, Harris emphasized the need for consistent and transparent regulations to protect consumers and investors, leaving room for interpretation on specific policy details.
Crypto as a Campaign Issue: With nearly $120 million spent by U.S. crypto companies to influence the upcoming election, the industry sees Harris’ comments as an important step forward.
Trump’s Crypto Strategy: Donald Trump has already embraced crypto, including launching NFT lines and promising to replace SEC Chair Gary Gensler, who has pursued aggressive regulatory actions against major crypto companies.
Harris’ public endorsement of digital assets is a notable development for the cryptocurrency world, marking a potential shift in the political landscape. As the 2024 presidential election draws near, both Harris and Trump are engaging with the growing crypto sector, each offering different visions for its future in the U.S. While Harris highlights consumer protection, the industry is watching closely for more concrete policy details. With both candidates recognizing the importance of digital innovation, crypto is set to be a defining issue in the upcoming election.
Source: Cointelegraph
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