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Cryptocurrency News Articles
Kamala Harris Pledges Support for Crypto Industry, Promises Regulatory Reset
Sep 24, 2024 at 01:02 am
Kamala Harris has expressed support for the digital asset sector as part of her ongoing campaign.
Democratic presidential candidate Kamala Harris has expressed support for the digital asset sector. At a recent Wall Street fundraiser, Harris stated that she will support innovative technologies, including digital assets, as part of her campaign.
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.
Harris’ remarks build on her campaign’s broader pro-crypto agenda. 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.
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