Kamala Harris has finally spoken about her plans for cryptocurrency after staying quiet for a long time. If she wins the U.S. Presidential election in November, she said she would work on helping the crypto and artificial intelligence (AI) industries grow, bringing in more money for them. She talked about these ideas during a fundraiser in New York City, where she focused on her plans for new ideas in finance.
Related: Cryptocurrency Comments By Kamala Harris Raise Concerns
Plans Kamala Harris Has For Cryptocurrencies
Kamala Harris said that, if she becomes President, she would bring together workers, small business owners, and big companies to help the U.S. stay ahead in new technology. She also promised to support the growth of crypto and AI while making sure people are protected.
Faryar Shirzad, who leads policy at Coinbase, was happy with Harris’ comments. He said she sees digital assets as important, like AI, and understands how to help these areas grow while keeping people safe. Hayden Adams, CEO of Uniswap Labs, also liked her remarks, saying this was the first time she talked about crypto in a good way.
This is the first time Harris has spoken about digital assets since she became Vice President, leaving many people unsure of her thoughts. Many believed she would follow President Joe Biden’s careful approach to the crypto industry.
But now, Harris seems to support a more balanced plan, saying her administration would set clear rules for the industry. She also promised to cut unnecessary rules to make it easier for businesses to grow.
Her comments have caught the attention of important people in the crypto space. Earlier, well-known figures like Mark Cuban, Anthony Scaramucci, and Congressman Adam Schiff had urged Harris to take a softer approach to crypto rules. Another group, including Cleve Mesidor, Tiffany Smith, and Rahilla Zafar, has also backed Harris. They even held fundraisers to support her campaign.
Now that Harris has explained her plans, it looks like her administration would help industries like crypto and AI grow, which many see as important for the economy going forward.
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