After a prolonged silence regarding her stance on cryptocurrency, U.S. Vice President Kamala Harris has finally revealed her plans for the sector. With the U.S. Presidential election fast approaching in November, Harris has made it clear that if she is elected, her administration will actively support the growth of the cryptocurrency and artificial intelligence (AI) industries.
Kamala Harris’ Vision for Cryptocurrency and AI
During a recent fundraiser in New York City, Harris announced that her policies would prioritize innovation by fostering investment in both AI and cryptocurrency. Harris emphasized that her administration would work to make the U.S. more competitive in these advanced technologies by bringing together key industry stakeholders, including labor groups, small business founders, and major companies.
“I will bring together labor, small business founders, innovators, and major companies to invest in America’s future and encourage the growth of innovative technologies like AI and digital assets, while protecting our consumers and investors,” said Harris.
Industry Reactions and Support
Leaders in the cryptocurrency space have responded positively to Harris’ comments. Faryar Shirzad, policy chief at Coinbase, praised Harris for recognizing the importance of digital asset innovation, noting that her comments demonstrate an understanding of how to promote innovation while ensuring consumer and investor protection. Similarly, Hayden Adams, CEO of Uniswap Labs, highlighted that this is Harris’ first public statement on crypto, calling it a positive signal for the future of the industry.
Crypto Regulation and Future Growth
This marks the first time Harris has publicly discussed digital assets since being nominated as the Democratic presidential candidate. Many anticipated her stance would align with President Joe Biden’s more cautious approach, but her recent remarks suggest a more forward-thinking perspective. Harris promises to establish a “safe business environment” with transparent regulatory guidelines and reduce unnecessary bureaucratic hurdles to foster what she calls an “opportunity economy.”
Additionally, Harris plans to invest in cutting-edge industries such as semiconductors, clean energy, and digital assets to bolster the U.S. economy’s competitiveness on the global stage. The announcement has garnered support from influential figures in the cryptocurrency space, including billionaire Mark Cuban and Wall Street financier Anthony Scaramucci.
Crypto Leaders Rally Behind Harris
Prominent crypto advocates, including executives like Cleve Mesidor from the Blockchain Foundation and Tiffany Smith from WilmerHale, have rallied behind Harris’ vision for a crypto-friendly regulatory framework. In fact, a dedicated group has organized a fundraiser to support Harris, demonstrating the industry’s growing influence in U.S. politics.