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Cryptocurrency News Articles
Kamala Harris Introduces Plan to Empower Black Men Through Crypto, Legalized Marijuana, and Forgivable Loans
Oct 15, 2024 at 09:37 am
Following the recent development where crypto advocates urged Vice President Kamala Harris to discuss U.S. blockchain policy in October, as discussed in a recent CNF update, Kamala Harris has now introduced a bold plan aimed at empowering Black men through wealth creation and economic advancement.
Vice President Kamala Harris has unveiled a comprehensive plan to uplift Black men through initiatives ranging from legalizing recreational marijuana to protecting cryptocurrency investments.
As part of her “Opportunity Agenda,” Harris aims to establish a regulatory framework for digital assets, recognizing their increasing prevalence among Black Americans. Her campaign has highlighted the need to safeguard these investments from risks like market manipulation and fraud.
The agenda also includes providing one million forgivable loans of up to $20,000 to Black entrepreneurs, aiming to help them overcome barriers to starting and growing businesses. This initiative complements efforts to promote access to banking services and address predatory lending.
With cryptocurrency playing a significant role in wealth creation, Harris's plan acknowledges its potential to help bridge the racial wealth gap. Her campaign has already conducted outreach to the crypto community, indicating a desire to shape a new crypto regulatory framework.
The agenda aims to integrate clear regulations and support for Black-owned businesses to create more equitable financial opportunities in Black communities. Additionally, the Kamala Harris Super PAC accepts Bitcoin and Ethereum donations, reflecting a shifting political landscape.
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