US Vice President Kamala Harris Promises to Aid Investments in Crypto: Report

Author

Sujha Sundararajan

Author

Sujha Sundararajan

About Author

Sujha has been recognised as 🟣 Women In Crypto 2024 🟣 by BeInCrypto for her leadership in crypto journalism.

Author Profile

Share

Copied

Last updated: 

September 22, 2024

Why Trust Cryptonews

Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas - from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews

The US Vice President and the Democratic presidential nominee, Kamala Harris, has promised to encourage ‘innovative technologies’ such as cryptos.

She made her first public comment on digital assets, vowing to safeguard the industry’s interests.

Speaking at a Sunday fundraiser at Cipriani Wall Street in Manhattan, Harris pitched to assist crypto and AI, focusing on bolstering innovation.

A Bloomberg report read that Kamala Harris also promised to bring together labour, small business founders, innovators, and major companies.

“We will partner together to invest in America’s competitiveness, to invest in America’s future. We will encourage innovative technologies like AI and digital assets, while protecting our consumers and investors.”

Additionally, Kamala Harris provided more insights on handling regulations as a part of her vision for an ‘opportunity economy.’ She also emphasised creating a “safe business environment” with consistent rules.

“We will invest in semiconductors, clean energy and other industries of the future, and we will cut needless bureaucracy,” she added.

The Sunday fundraiser in Manhattan raised $27 million, the report noted. According to a campaign official, it was the largest single-event total since Kamala Harris has started campaigning.

Kamala Harris Crypto Support Widens

Early this month, crypto leaders organized a fundraiser to support Kamala Harris in a move to influence her crypto stance.

According to FiveThirtyEight data, Harris currently holds a narrow 2.9% lead over Trump in national polls. Since September, she has managed to secure the lead after President Joe Biden stepped down from the Presidential run.

The Sunday event, though heavily targeted at cutting high prices, her campaign also signalled Harris’ interests in crypto and in safeguarding the industry after several recent company collapses.

As reported earlier, hedge fund manager Anthony Scaramucci praised Kamala Harris’s approach to crypto policy. He said that Harris is on the right track on crypto, voicing optimism about her digital asset policies.