Kamala Harris emphasized the need for partnerships to boost U.S. competitiveness and support innovative technologies while protecting consumers and investors.
Over the course of her campaign for the presidency of the United States, Kamala Harris made her first public statement, during which she pledged to stimulate investment in artificial intelligence and digital assets.
Kamala Harris delivered this statement during a Wall Street fundraiser. “We will work together to form partnerships in order to invest in the competitiveness of the United States of America and in the future of the United States”.
According to a report by Bloomberg on September 22, Kamala Harris stated, “We will encourage innovative technologies such as artificial intelligence and digital assets while protecting our consumers and investors.
Harris made this statement at a Manhattan fundraiser. Kamala Harris made the following statement: “We will create a safe business environment with rules of the road that are consistent and transparent at all times.
We are going to reduce unnecessary bureaucracy while simultaneously investing in industries of the future such as semiconductors, clean energy, and other businesses. Since Harris became the frontrunner for the Democratic Party’s presidential nomination, this is the first time she has made a public comment regarding cryptocurrency on television.
Both she and her Republican opponent, Donald Trump, have made efforts to win over the sector. The cryptocurrency business has been eagerly awaiting this opportunity to see if Vice President Joe Biden will depart from President Joe Biden’s approach, which some have interpreted as being antagonistic to the sector as a whole.
Brian Nelson, a senior campaign adviser for Harris, made a veiled reference to the possibility that she might support crypto legislation if she were to win the election in November. He added that the business needs “rules of the road” because some companies fail on their own.
Faryar Shirzad, the policy leader at Coinbase, said in a September 22nd article that “this is an important and constructive statement from Kamala Harris. Although it is not nearly as forward-leaning as the concrete and visionary positions taken by Donald Trump, it is still notable because she recognizes digital asset innovation as being important and on par with artificial intelligence,” Shirzad noted.
Alexander Grieve, the government affairs vice president at the startup capital firm Paradigm, referred to Harris’ statements as “encouraging” on X. He also stated that regardless of who wins the election in November, “this should be the last anti-crypto administration this country has ever seen.
Using the platform X, the legal chief of the cryptocurrency venture capital firm Variant, Jake Chervinsky, remarked, “This is progress, and progress is good”. Nevertheless, the phrase “while protecting our consumers and investors” might signify a variety of different things.
The anti-crypto army uses ‘consumer protection’ as a smokescreen to conceal their trying to destroy our industry, he stated. “They are trying to destroy our industry”. As for myself, I would like to see the specifics of the policy.
A month ago, the advocacy group Public Citizen published a report stating that US cryptocurrency corporations like Coinbase, Ripple and Gemini have invested approximately 120 million dollars to influence the November elections. Trump has already pushed for four different lines of non-fungible tokens (NFTs), supported the cryptocurrency platform that his family owns, and has shown a strong commitment to the cryptocurrency business.
In addition to his promise to become a “crypto president,” he has also pledged to remove Gary Gensler from his position as chair of the Securities and Exchange Commission.
Gensler’s organization has taken various enforcement proceedings against the most notable cryptocurrency players in the country. According to statistics from FiveThirtyEight, which were released on September 22nd, Harris is currently leading Trump by only 2.9 percentage points in national polls. Currently, Trump and Harris are tied for first place.