financetom
Cryptocurrency
financetom
/
Cryptocurrency
/
Kamala Harris Promises to Encourage Crypto in Surprising Campaign Shift 
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Kamala Harris Promises to Encourage Crypto in Surprising Campaign Shift 
Sep 23, 2024 1:53 AM

The presidential candidate pitched her economic agenda to donors in New York City on Sept 22, stating that she wants to support innovation in artificial intelligence and crypto and focus regulations on protecting consumers and investors.

The Democrat stated that she would bring together small business founders, innovators, and major companies to “invest in America’s competitiveness, to invest in America’s future.”

She then mentioned crypto assets for the first time in public, according to Bloomberg:

“We will encourage innovative technologies like AI and digital assets while protecting our consumers and investors.”

According to Reuters, Harris plans to roll out a new set of economic policies this week.

Democrats Good For Crypto?

The move marks a departure from President Bidens approach, which has actively targeted the crypto industry with rafts of lawsuits and a quagmire of murky regulations. One of Harris’s campaign policy advisers told Bloomberg that she wants to help grow digital assets but is interested in more regulations and safeguards for the industry.

However, researchers have suggested that the crypto crackdown and hostility towards the industry would continue if the Democrats were elected. Uniswap founder Hayden Adams said that “[Joe] Biden has been bad for crypto and actions will speak louder than words,” before adding:

“But progress is progress, it needs to start somewhere, and should be encouraged. A positive statement on the tech is more than we got under Biden and Trumps presidency.”

Not all were convinced that the Democrats would be good for crypto, however.

Retardio.

Uniswap should not be trusted.

The only major crypto company actively simping for Democrats and Kamala Harris in particular. It’s like they want us to lose. https://t.co/huw76HRyQq

In April, the Securities and Exchange Commission (SEC) issued an intent to take legal action, or Wells notice, against Uniswap.

ETF Store President Nate Geraci also saw the irony in a crypto founder supporting the Democrats.

Current state of crypto regulation in two tweets… pic.twitter.com/s4Owie9nzo

Last week, CryptoPotato reported that founder of the investment firm SkyBridge Capital, Anthony Scaramucci, revealed that he is working with Kamala Harris to draft crypto policies for her campaign.

Trump All-In on Crypto

Her Republican rival, Donald Trump, has openly courted the crypto industry, promising to fire SEC Chair Gary Gensler and appoint industry-friendly regulators.

Last week, he became the first former president to use Bitcoin as a payment method when he bought burgers for supporters at a New York bar.

According to Polymarket’s election prediction forecast, Harris has a 52% lead, while Trump trails at 47%. According to the latest CBS News polling, the vice president has now “moved to the slightest of edges across the battleground states,” with 4 points nationally over Donald Trump.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Bitcoin Futures Market Signals Bullish Momentum as Short Liquidations Dominate
Bitcoin Futures Market Signals Bullish Momentum as Short Liquidations Dominate
Jun 4, 2025
Despite a recent cooling in price, Bitcoin’s futures market is flashing bullish signals, suggesting the leading cryptocurrency may be gearing up for another leg upward, even as leveraged traders get wiped out in liquidation cascades. Data highlighted by market analyst Axel Adler Jr. earlier today reveals a liquidation dominance oscillator hovering around -11%. This negative reading indicates a clear skew...
Spanish Coffee Chain Vanadi Wants to Invest $1B in Bitcoin: Report
Spanish Coffee Chain Vanadi Wants to Invest $1B in Bitcoin: Report
Jun 4, 2025
The list of companies embracing bitcoin and adding the digital asset to their corporate treasuries continues to grow by the day. The Spanish coffee chain Vanadi Coffee may become the latest addition to that list if its board of directors approves a proposal to invest €1 billion (over $1.1 billion) in BTC. Local media Alicante Plaza reported that Vanadi will...
Interesting Cardano (ADA) Price Predictions as of Late
Interesting Cardano (ADA) Price Predictions as of Late
Jun 4, 2025
TL;DR Popular analysts remain bullish on ADA, pointing to strong fundamentals, rising adoption, and other factors as signs of a potential rebound. Data shows ADA outflows from exchanges have significantly exceeded inflows lately, hinting at reduced selling pressure and a possible foundation for upward price movement. Time for ADA to Shine Again? The price of Cardanos native token has plunged...
ETH Breaks Key Resistance: Analyst Eyes $3K as Institutional FOMO Kicks In
ETH Breaks Key Resistance: Analyst Eyes $3K as Institutional FOMO Kicks In
Jun 4, 2025
Ethereum (ETH) has surged past a critical resistance level at $2,600, sparking fresh bullish sentiment across the market as analysts and investors alike set their sights on the psychologically significant $3,000 mark. With growing institutional interest, whale accumulation, and renewed momentum against Bitcoin (BTC), ETHs latest rally is being hailed as the beginning of a broader altcoin resurgence. ETF Inflows,...
Copyright 2023-2025 - www.financetom.com All Rights Reserved