- During a Manhattan fundraiser, Kamala Harris vowed to encourage innovation in AI and digital assets.
- The Democratic candidate said she would focus on creating a consistent regulatory framework and supporting industries like semiconductors and clean energy.
- Despite the comments, crypto people are still seeking clearer crypto policies.
Vice president and Democratic candidate Kamala Harris made her first comments about crypto during a Manhattan fundraiser. She emphasised the importance of investing in emerging technologies like artificial intelligence (AI) and digital assets.
Related: Harris and Trump in Their First Presidential Debate, Did They Talk Crypto?
Harris vowed to promote the growth of AI and digital assets as president. Her remarks highlighted a focus on establishing a transparent regulatory framework, fostering a safe business environment, and supporting industries such as semiconductors and clean energy, according to a report from Bloomberg:
To build that opportunity economy, I will bring together labor, small business, founders and innovators and major companies. We will partner together to invest in America’s competitiveness, to invest in America’s future. We will encourage innovative technologies like AI and digital assets while protecting consumers and investors. We will create a safe business environment with consistent and transparent rules of the road.
Kamala Harris These comments come after the crypto community had long requested the VP to break the silence on her stance on crypto and tech policies.
Well, there are mixed feelings.
Several leading personalities in the space, including Uniswap founder Hayden Adams, said this is the first time Kamala Harris has made a statement about crypto in a positive way.
Coinbase’s Chief Policy Officer Faryar Shirzad, said the comments were notable because she “recognizes digital asset innovation as being important and on par with AI”. However, he did state that it’s not nearly as “forward leaning as the concrete and visionary positions taken by Donald Trump”.
Moreover, others were harsher, stating that it’s just words and no action at all, like Nate Geraci, co-founder of the ETF Institute.
X is basically an octagon, as almost all posts relating to the matter involve crypto users debating against each other, while others just outright criticise Harris’ statements.
Harris Vs. Trump
Despite Harris’ comments on crypto, most in the crypto community still seek clarity about her crypto policies if she wins the presidential race.
Anyhow. The bipartisan support for crypto is one of the main drivers of Bitcoin and the crypto market’s recent rally, according to Berstein analysts, which identified five factors behind the recent market uptick.
According to The Block, in a note shared with clients on Monday, Bernstein analysts Mahika Sapra and Sanskar Chindalia contrasted Harris’ policies to Trump’s, highlighting the lack of direction compared to Trump’s “specific policy promises”, such as firing the Securities and Exchange Commission’s (SEC) chairman Gary Gensler right away.
Related: BNY Mellon Gets Green Light to Offer Bitcoin Custody Services
Overall, the analysts stated that both candidates’ support for crypto is a “relief” for the community.
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