Is Kamala Harris Finally Taking a Clear Stance in Crypto?

• The Trump-Harris ‘crypto president’ tussle is heating up.
• Recent comments by Kamala Harris have clarified her stance on the industry.
• Harris’ campaign is bolstering its efforts to win the industry over.

Since becoming a focal point of the upcoming United States presidential election, crypto has become a chorus among the ongoing campaigns of candidates Donald Trump and Kamala Harris . However, in contrast to her opponent, Democratic candidate Harris has adopted a more reserved approach to her support for the industry, raising questions about her stance on the sector, particularly given the long-existing cold approach the present administration is known for.

Now, as the race intensifies, the Vice President is making new efforts to clarify and strengthen her position.

Harris Pledges Support for Crypto

Kamala Harris has expressed support for the digital asset sector as part of her ongoing campaign. According to a September 22 Bloomberg report , the election hopeful revealed at a recent Wall Street fundraiser that she will support innovative technologies, including digital assets.

“We will encourage innovative technologies like AI and digital assets while protecting our consumers and investors. We will create a safe business environment with consistent and transparent rules of the road,” she reportedly stated.

While vague in comparison to Trump’s strong approach , the statement marks the Vice President’s first open comments about the crypto industry since commencing her campaign as the Democratic party candidate following Joe Biden’s exit from the presidential race.

Harris’ comments have already garnered a positive response from the industry. Weighing in on her statement, Uniswap founder Hayden Adams emphasized that the comments signal progress. He stated that while many remain skeptical, given the unfriendly stance under Biden and Harris’ administration, her remarks could mark the start of a more favorable approach to the sector.

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

Harris’ remarks build on her campaign’s broader pro-crypto agenda.

“Crypto for Harris” Promises Reset

As part of the ongoing efforts to mend the Democratic party’s shaky relationship with the industry, Harris’ campaign unveiled a ”Crypto For Harris” advocacy group earlier in August 2024.

Proposed to tackle the issues related to digital asset regulation, the advocacy group has taken steps to overturn the industry to their side, including onboarding multiple industry heavyweights to lend expertise on how to approach the world of digital currency best.

At a recently held viurtual meeting , the group outlined dedicated efforts focused on establishing clearer regulatory standards for the industry under Harris’ administration. 

Harris’ crypto advocacy group has also set its sights on creating a game-changing crypto legislation bill by the end of the year. This bill is expected to provide the long-due regulatory standards that offer investor protection and foster innovation.

On the Flipside

• The inaction and unfriendly approach of the current Biden administration may undermine Kamala Harris’ positive remarks.
• At press time, Kamala holds the lead over Trump on the election prediction platform Polymarket.
• Several other industry figures have expressed support for Harris over Trump.

Why This Matters

The lack of clear regulatory clarity has left the crypto industry in limbo for years, stifling its potential for growth and innovation. While promises and positive remarks from candidates signal hope for change, what truly matters is a genuine commitment to enacting meaningful reforms.

Read this article for more about Harris’ pro-crypto agenda:
Scaramucci Claims Kamala Harris “Working Alongside” BTC Advocates  

Discover how this layer-1 blockchain is hitting new milestones:
Sui Smashes New TVL Record as Token Resurges with Gains