As a seasoned analyst with over two decades of experience in the tech industry, I find Kamala Harris’ stance on cryptocurrency and emerging technologies to be a refreshing shift from the current administration’s approach. Her focus on creating a safe and transparent regulatory environment for digital assets is commendable, especially considering the recent challenges faced by the industry.
2020 Democratic presidential candidate Kamala Harris has pledged to foster growth in the cryptocurrency sector, as well as technologies such as artificial intelligence, which represents her initial public comments about her views on digital currencies.
At a charity event held at Cipriani Wall Street, Manhattan on September 22nd, Harris expressed her ambition to establish a prosperous economic landscape for Artificial Intelligence (AI) and digital assets. This would be achieved by implementing regulations and fostering innovations that prioritize the safety and security of both U.S. consumers and investors.
Together, we’ll collaborate to bolster America’s competitive edge and secure its future. We’re committed to fostering advanced technologies such as AI and cryptocurrencies, all while safeguarding consumers and investors. Our goal is to establish a reliable business climate with clear, fair, and transparent regulations.
Democratic presidential nominee, Kamala Harris
Harris’ comments about digital assets signal a departure from President Joe Biden’s stance, given that Harris has faced criticism from industry figures due to his efforts to tighten regulations on cryptocurrency businesses within the U.S. through financial authorities, often referred to as the modern-day version of Operation Choke Point 2.0.
Simultaneously, Donald Trump, Harris’ Republican opponent, has been actively pursuing the cryptocurrency industry for several months. Lately, Trump has been linked to a questionable crypto project called World Liberty Financial, which he developed alongside his two oldest sons. Previously, Trump also declared that he would dismiss Gary Gensler, the individual responsible for implementing regulatory measures against prominent cryptocurrency players in the U.S., if elected.
Regarding Harris’ comment, Coinbase’s policy head Faryar Shirzad expressed yesterday that although Harris’ stance on cryptocurrency isn’t as clear-cut and forward-looking as Donald Trump’s, it’s nonetheless quite significant.
As a researcher, I find it significant that Harris’ recognition of the importance of growth and security in the digital asset sector, coupled with the call for a secure roadmap, are pivotal advancements shaping the Democratic party’s stance on this field. Shirzad suggests these developments could signal the conclusion of the “Biden/Warren era” characterized by dismantling, according to his perspective. Furthermore, Shirzad highlights that Harris’ team has been engaging with American crypto leaders, as reported earlier.
This is an important and constructive statement from @KamalaHarris.
It’s not nearly as forward leaning as the concrete and visionary positions taken by @realDonaldTrump, but it’s still notable because:
– she recognizes digital asset innovation as being important and on par…— Faryar Shirzad 🛡️ (@faryarshirzad) September 22, 2024
Last month, Senior Advisor Brian Nelson from the Harris campaign provided a less specific comment hinting at Harris’ viewpoint on cryptocurrency. During this period, Nelson expressed that Vice President Harris would back policies promoting the expansion of technologies like crypto and their related industries.
Additionally, he understood the significance of having well-defined guidelines within the industry, particularly after the fall of the prominent cryptocurrency exchange FTX in November 2022.
1) The crypto community has been critical of Harris due to her lack of comments on the industry. Additionally, there were criticisms directed towards her for not attending a virtual town hall organized by Crypto4Harris in August. People felt let down because this event was perceived as a chance for Harris to establish trust within the cryptocurrency community.
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2024-09-23 10:40