Kamala Harris Finally Speaks on Crypto Amid Presidential Campaign
Harris breaks silence on crypto
In a significant moment during her U.S. presidential campaign, Vice President Kamala Harris made her first public remarks about cryptocurrency. Speaking at a Manhattan fundraiser on Sept. 22, Harris pledged to encourage investments in artificial intelligence (AI) and digital assets, positioning herself as supportive of emerging technologies.
"We will invest in America’s future by supporting innovative technologies like AI and digital assets while safeguarding our consumers and investors," Harris said, according to a report by Bloomberg. She emphasized the need for transparent and consistent regulations to create a safe environment for businesses.
Harris' comments mark the first time she has openly addressed crypto, sparking speculation about how her approach might differ from that of President Joe Biden, who has been viewed as less crypto-friendly. Harris’ Republican opponent, Donald Trump, has already made headlines by embracing crypto and promising to dismiss U.S. SEC Chair Gary Gensler.
Crypto industry leaders welcomed Harris' remarks but noted they lacked the bold vision Trump has promoted. Coinbase policy chief Faryar Shirzad acknowledged Harris’ recognition of digital assets but described her position as less aggressive than Trump’s.
The 2024 election has seen significant crypto industry lobbying, with major players like Coinbase and Ripple spending over $120 million to influence outcomes. As Harris and Trump remain close in the polls, the future of U.S. crypto policy could hinge on the results of this tightly contested race.