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At a Wall Street fundraiser, Kamala Harris committed to promoting digital assets, AI, and creating a transparent business environment, addressing the crypto community's long-awaited questions about her stance on regulation.
While campaigning for president, Kamala Harris delivered her first public statement at a Wall Street fundraiser, promising to promote investment in digital assets and artificial intelligence.
Harris Commits to Digital Assets and AI Investment
“We will partner together to invest in America’s competitiveness, to invest in America’s future. We will encourage innovative technologies like AI and digital assets while protecting our consumers and investors,” Harris stated at a Manhattan fundraiser on September 22, according to Bloomberg.
"We will create a safe business environment with consistent and transparent rules of the road," Harris stated. "We will invest in semiconductors, clean energy and other industries of the future, and we will cut needless bureaucracy."
Long-Awaited Crypto Stance Addressed
Since becoming the Democratic Party's presidential frontrunner, Harris has refrained from publicly discussing cryptocurrency. Trump, her Republican opponent, has likewise made an effort to court the business community.
Some in the crypto industry have viewed President Joe Biden as being antagonistic to the sector. Therefore, they have been waiting for this opportunity to see if the Vice President would take a different stance.
Campaign Adviser Signals Crypto Regulations Under Harris
In a recent statement, Harris's senior campaign adviser Brian Nelson signaled that should she be elected in November, she would back crypto laws. However, he also noted that the business requires "rules of the road" due to the failure of certain enterprises, Cointelegraph shares.
Faryar Shirzad, chief policy officer at Coinbase, stated in a post on September 22:
Regardless of the outcome of the November election, "this should be the last anti-crypto administration," said Alexander Grieve, VP of government affairs at venture capital company Paradigm, who praised Harris' comments on X as "encouraging."
Crypto Becomes a Hot Topic in Election Campaigns
In an X post, crypto venture capital firm Variant's chief legal officer Jake Chervinsky said:
Coinbase, Ripple, and Gemini are just a few US crypto corporations that have spent roughly $120 million to influence the November elections, according to the advocacy group Public Citizen last month. This has made crypto a campaign topic.
Trump Holds Slim Lead Over Harris in Polls
In national polls, Trump and Harris are virtually tied; in fact, according to FiveThirtyEight data from September 22nd, the margin of victory for Trump is 2.9 percentage points wider than for Harris.
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