Kamala Harris to support crypto regulatory framework, focusing on financial inclusion and protection for digital asset investors in 2024 election.
Kamala Harris, the Democratic presidential candidate, will announce her support for a regulatory framework for cryptocurrencies and digital assets. More than 20% of Black Americans own or have owned cryptocurrency. Harris plans to ensure that holders and investors of digital assets can benefit from a regulatory framework that protects market participants.
During a campaign speech on Monday evening, Harris highlighted her “opportunity agenda.” This aims to boost support among Black men. The agenda’s measures concern the enhancement of financial inclusion and the cybersecurity of digital asset owners. The campaign gave details on the overall strategy. However, it did not offer specifics of what the plan would imply for cryptocurrencies.
Kamala Harris Backs Regulation to Protect Crypto Investors
During the speech, Harris did not mention blockchain or digital assets, but she has recognised them before. But she was concentrating on creating a world where every person gets a shot at a successful life. ”We will establish a future where every individual can try and have a fair shot at not just surviving but prospering,” Harris said.
The Harris campaign also pointed out that 22% of Black Americans own cryptocurrency. Harris will focus on the fact that black men and those who invest in digital assets should be allowed by law. Her campaign also emphasised the proposition that new technologies should be used to increase the provision of banking and financial services.
However, former President Donald Trump has been more vocal in his support for the crypto industry than Harris. Trump has promised to form a “bitcoin and crypto advisory council.” In addition, he has attempted to reach out to the industry. Last month, he went to PubKey, a Bitcoin bar in New York, and bought burgers using Bitcoin.
A Harris Poll funded by crypto asset manager Grayscale revealed that 77% of voters want candidates to be informed about cryptocurrency. The poll also revealed that 21% of participants use at least some crypto. This increasing use of digital assets will define discussions on cryptocurrency regulation during the 2024 general election.
