Kamala Harris has promised to support investment in artificial intelligence and digital assets while ensuring consumer protection as part of her 2024 presidential campaign. As the 2024 U.S. presidential election approaches, Vice President Kamala Harris is gaining traction, especially in swing states like Michigan, Wisconsin, Pennsylvania, and Nevada, as noted by prediction market Polymarket. Harris currently holds a slight but growing lead over former President Donald Trump, making the race highly competitive. Both candidates are making efforts to attract voters, with Harris focusing on technology and innovation, while Trump’s stance on cryptocurrency has received mixed reactions.
On September 22, Harris made her first campaign speech, highlighting her plans to encourage growth in artificial intelligence (AI) and digital assets. Speaking at a fundraiser in Manhattan, she stressed the need to invest in America’s future by supporting technologies like AI and cryptocurrencies. “We will partner together to invest in America’s competitiveness, to invest in America’s future,” Harris said. She emphasized the importance of protecting consumers and investors while promoting innovation in these sectors.
The crypto community has been closely watching Harris’s stance, especially after facing regulatory challenges under the Biden administration. The Biden administration’s Securities and Exchange Commission (SEC), led by Gary Gensler, has taken strict actions against crypto companies, prompting many in the industry to push for clearer regulations. Harris mentioned her vision for a balanced approach that supports innovation while ensuring a safe environment for businesses and consumers.
Harris’s announcement has drawn attention from the crypto industry. Coinbase’s Chief Policy Officer, Faryar Shirzad, welcomed her recognition of digital asset innovation but noted that her stance wasn’t as bold as Trump’s. Meanwhile, others like Jake Chervinsky, a legal expert at crypto firm Variant, expressed cautious optimism, hoping for more detailed policies from Harris on consumer protection.
The 2024 election could be crucial for the crypto sector, with both Harris and Trump offering different approaches. Trump has positioned himself as a strong supporter of cryptocurrency, promising to change the current regulatory landscape and even remove SEC Chair Gensler. Harris, on the other hand, aims for a balanced approach, focusing on both innovation and consumer safety, which might appeal to a wider audience concerned about the risks associated with crypto.
The outcome of this election will have a significant impact on the future of AI and cryptocurrency in the U.S., as both candidates have made these technologies a central part of their campaigns.
Featured image from: cointelegraph.com