As a seasoned crypto investor with over two decades of experience in this volatile market, I find Kamala Harris’ agenda for Black men through friendly cryptocurrency regulations both intriguing and promising. Having navigated through multiple bull and bear markets, I can attest to the transformative potential of digital assets in widening access to financial services for marginalized communities like African Americans.
U.S. Vice President Kamala Harris unveiled a proposal aimed at supporting Black men by fostering favorable cryptocurrency guidelines.
Under the title “Black Men’s Opportunity Plan,” Harris’ campaign team stated that she, as a Democratic presidential candidate, plans to advocate for digital asset policies that safeguard investments in crypto by African Americans. A document unveiled on October 14 highlights that approximately one-fifth of Black Americans currently or previously own cryptocurrencies.
Speaking about new innovations such as blockchain, Harris emphasized that they could potentially expand the opportunities for Black men in areas of banking and fundraising. This statement is part of her pledge to safeguard digital assets like cryptocurrencies.
She ensures that both owners and investors of digital assets profit within a regulatory structure, offering protection to Black men and other market participants.
Kamala Harris campaign team
Kamala Harris’s agenda is aligning with an expanding collection of cryptocurrency-centric political strategies as the U.S. presidential elections in November approach.
In September, the Harris-Walz team pledged to strike a balance between safeguarding investors’ interests and fostering burgeoning sectors such as cryptocurrencies. Their 80-page economic blueprint also included support for artificial intelligence and a digital landscape featuring multiple points where various types of assets intersect.
2024 Presidential Campaigns often discuss Cryptocurrencies, despite the fact that these digital assets weren’t mentioned in the debates between candidates.
In simpler terms, Donald Trump, who was previously the U.S. president and Harris’ political rival, has indicated his intention to advocate for Bitcoin and Bitcoin mining within the United States. His proposed actions involve establishing a national Bitcoin reserve and creating regulatory structures to make the U.S. a global leader in cryptocurrency.
As a crypto enthusiast, I’m excited to share that the Republican presidential candidate recently introduced a Decentralized Finance (DeFi) project called World Liberty Financial (WLFI). This project boasts a whitelist of over 100,000 accredited investors and has scheduled a public token sale for this week.
In response to Harris’ plan receiving varying responses from industry experts, Molly White – a cryptocurrency researcher and critic – suggested that public enthusiasm towards digital assets might have been misunderstood. White referred to a Paradigm survey of Democratic voters which implied that many Black Americans do not view crypto as beneficial for the U.S. economy.
Instead of blindly trusting surveys funded by industries, it’s crucial to scrutinize the data thoroughly instead of just accepting their conclusions without question.
— Molly White (@molly0xFFF) October 14, 2024
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2024-10-14 20:00