Kamala Harris Speech Offers No Further Details on Crypto 'Regulatory Framework
During a campaign speech on Monday evening, Vice President Kamala Harris highlighted her opportunity agenda but did not provide any further insights into its implications for digital assets. Earlier that day, her campaign introduced the agenda, marking her first significant policy stance on cryptocurrencies. However, those expecting more specifics during her address in Erie, Pennsylvania, were left wanting. Unlike previous occasions where she at least mentioned blockchain or digital assets, this time she didn't reference crypto at all. In her early remarks, Harris emphasized creating an opportunity economy where everyone has the chance to thrive rather than just survive. The campaign had earlier stated that the agenda aims to increase support among Black men for Harris. According to a press release, Vice President Harris recognizes that over 20% of Black Americans have been involved with cryptocurrency assets and intends to ensure these individuals benefit from a regulatory framework that protects them and others in this market. The document also acknowledged how new technologies could expand access to financial services before reiterating the statement about the framework's protective measures.
In stark contrast to Harris' minimal discussion on crypto, former President Donald Trump has actively engaged with the industry by promising supportive regulators and proposing a bitcoin and crypto advisory council during Bitcoin Nashville, an industry event. Last month, Trump visited PubKey—a Bitcoin-themed bar in New York City—where he purchased burgers using bitcoin with help from staff members.
The crypto industry has conducted several polls to assess voters' interest in this sector. One such survey by Grayscale (unrelated to Vice President Harris) indicated that 77% of likely voters want candidates knowledgeable about crypto issues; among them, 21% own some form of cryptocurrency.