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 >
Here is How Much Bitcoin (BTC) Drake Lost Betting on the NBA’s Final
Here is How Much Bitcoin (BTC) Drake Lost Betting on the NBA’s Final
Jun 18, 2024
TL;DR Drake suffered a substantial crypto loss after betting on the Dallas Mavericks to win the NBA finals. Additionally, he placed another $500,000 BTC bet on the Edmonton Oilers to win the NHL Stanley Cup Finals, continuing his risky wagering streak. Not Picking the Right Horse The popular Canadian rapper and actor Aubrey Drake Graham (better known as Drake) parted...
Tether’s ‘Genius Idea:’ Launching aUSDT, a Gold
Tether’s ‘Genius Idea:’ Launching aUSDT, a Gold
Jun 18, 2024
On June 17, Tether CEO Paolo Ardoino announced aUSDT, a new synthetic dollar over-collateralized by XAUt, Tether’s gold-backed digital asset. In a post on X on June 18, industry analyst and stock-to-flow creator Willy Woo said it was “A genius business idea by Tether.” Tethers USDT is currently earning on U.S. Treasury Bills, but now the firm can issue a...
Gold Price Update: Negative Divergence Hints at Lower Prices, NFP Marked Recent Bottom
Gold Price Update: Negative Divergence Hints at Lower Prices, NFP Marked Recent Bottom
Jun 18, 2024
Gold (XAU/USD) News and Analysis Global central banks indicated a continued willingness to increase gold holdingsGold remains within a downtrend since declining from the all-time-high, the shorter-term rise looks to be containedThe analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our comprehensive education library Recommended by Richard Snow How...
Bitcoin (BTC) Volatility Dwindles: ‘Boring’ Price Action Explained
Bitcoin (BTC) Volatility Dwindles: ‘Boring’ Price Action Explained
Jun 18, 2024
Bitcoin has become significantly less volatile in recent times. This is evidenced by the absence of any extreme spikes in price movements in either direction since the completion of the fourth halving. Such a trend of dwindling volatility signals maturity, according to experts. Bitcoin Sees Signs of Maturity Over the past week, bitcoin saw a modest decline of a little...
Copyright 2023-2026 - www.financetom.com All Rights Reserved