Republican

Token

2024

Biden

<h4><strong>Current US Vice President <a href="https://www.altcoinbuzz.io/?s=kamala+harris" target="_blank" rel="noopener">Kamala Harris</a> has for the first time expressed her support for the crypto industry publicly. </strong></h4> 
<p>While speaking to donors in New York, Harris said her administration will “invest in America’s future,” which includes crypto.</p> 
<h5><strong>Harris Vows to Support Crypto Innovation While Protecting Consumers</strong></h5> 
<p>Harris plans to focus her policies on consumer protection. A Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-09-22/harris-vows-to-grow-ai-crypto-industries-in-pitch-to-nyc-donors" target="_blank" rel="noopener">report</a> quoted Harris as having said, “To build that opportunity economy, I will bring together labor, small businesses, founders and innovators, and major companies. We will partner together to invest in America’s competitiveness, to invest in America’s future.”</p> 
<p>Harris added, “We will encourage innovative technologies like AI and digital assets while protecting consumers and investors. We will create a safe business environment with consistent and transparent rules of the road.”</p> 
<p>The Democratic candidate has for long stayed silent about her plans for digital assets. There were speculations within the industry that Harris could adopt a similar strong-hand approach to digital assets like the Biden administration.</p> 
<blockquote class="twitter-tweet"> 
 <p dir="ltr" lang="en">This is an important and constructive statement from <a href="https://twitter.com/KamalaHarris?ref_src=twsrc%5Etfw">@KamalaHarris</a>.</p> 
 <p>It’s not nearly as forward leaning as the concrete and visionary positions taken by <a href="https://twitter.com/realDonaldTrump?ref_src=twsrc%5Etfw">@realDonaldTrump</a>, but it’s still notable because:<br> – she recognizes digital asset innovation as being important and on par… <a href="https://t.co/sIzq06a4lU">https://t.co/sIzq06a4lU</a></p> 
 <p>— Faryar Shirzad <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6e1.png" alt="🛡" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@faryarshirzad) <a href="https://twitter.com/faryarshirzad/status/1837967033612546429?ref_src=twsrc%5Etfw">September 22, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>Crypto companies faced intense scrutiny and enforcement actions under the Biden administration. However, her comments at the recent fundraising dinner have put such fears to rest.</p> 
<p>Interestingly, Harris has gained significant support within the crypto community. Following her speech in New York, Uniswap Labs CEO Hayden Adams took to X to endorse the Democratic candidate.</p> 
<blockquote class="twitter-tweet"> 
 <p dir="ltr" lang="en">Agree Biden has been terrible for crypto and tech</p> 
 <p>She is signaling her admin will approach it differently / be more pro innovation</p> 
 <p>Fine if you don’t believe it</p> 
 <p>Personally I think positive statement from sitting VP w/ 52% chance of being president (polymarket) is progress</p> 
 <p>— Hayden Adams <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f984.png" alt="🦄" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@haydenzadams) <a href="https://twitter.com/haydenzadams/status/1837958100416188698?ref_src=twsrc%5Etfw">September 22, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<h5><strong>Crypto Plays a Huge Role in This Election</strong></h5> 
<p>Harris’s public support for crypto comes days after her Republican rival, Donald Trump, was <a href="https://www.altcoinbuzz.io/cryptocurrency-news/donald-trump-pays-for-burgers-with-bitcoin-at-nyc-bar/" target="_blank" rel="noopener">reported </a>to have purchased burgers using crypto. The former US President has actively courted the support of crypto users. Trump has severally spoken in support of the industry and has shared plans to create a conducive environment for the industry in the US.</p> 
<p>Anthony Scaramucci, founder and managing partner of SkyBridge Capital, recently <a href="https://www.cnbc.com/2024/09/20/anthony-scaramucci-kamala-harris-campaigns-digital-asset-policies-.html" target="_blank" rel="noopener">announced</a> that he has joined Harris’s campaign as part of her pro-crypto group. Scaramucci, who previously worked with the Trump administration, shared this news at the Token 2049 in Singapore. The SkyBridge founder will help Harris develop her policies for the crypto industry.</p> 
<blockquote class="twitter-tweet"> 
 <p dir="ltr" lang="en">Kamala means Bitcoin in every language</p> 
 <p>— Anthony Scaramucci (@Scaramucci) <a href="https://twitter.com/Scaramucci/status/1838016216645914765?ref_src=twsrc%5Etfw">September 23, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>Most crypto enthusiasts and experts see the embrace of cryptocurrencies by both candidates as a welcomed development. Alexander Grieve, a leader at venture firm Paradigm, noted that regardless of the result in November, “this should be the last anti-crypto administration.”</p> 
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<h6><strong>Disclaimer</strong></h6> 
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p> 
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/harris-backs-crypto-emphasizes-consumer-protections/">Harris Backs Crypto, Emphasizes Consumer Protections</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.</p>

Harris Backs Crypto, Emphasizes Consumer Protections

Altcoin Buzz

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