Kamala Harris shows support for crypto and vows to protect consumers
From Nasdaq.
September 24, 2024 12:13 PM:
1. Vice President Kamala Harris expressed her support for digital assets at a Wall Street fundraiser, emphasizing the need for consumer protections. She aims to create a safe business environment with transparent rules while encouraging innovative technologies like AI and digital assets.
2. Harris’s public address on crypto comes as the presidential election nears, with the industry eager to see how her approach may differ from President Biden’s stance. Brian Nelson hinted at her support for crypto policies if elected, setting the stage for potential changes in the crypto landscape.
3. Coinbase policy chief Faryar Shirzad praised Harris’s statement on crypto but noted a more aggressive approach from her Republican rival, Donald Trump, who has embraced the crypto community. The upcoming election has turned crypto into a hot topic, with major U.S. companies investing heavily in campaign contributions.
4. With Trump positioning himself as a “crypto president” and promising regulatory shake-ups, the crypto community responds cautiously to the election developments. Harris and Trump are in a close race according to recent polls, fueling speculation on the future of crypto regulations under different administrations.
5. The crypto world remains cautiously optimistic about Harris’s remarks, with some seeing them as a potential shift away from hostility towards crypto. Concerns remain about the ambiguity in Harris’s pledge to protect consumers and investors, leading to varying interpretations within the crypto community.
6. Bitcoin’s current price sits at $63,169.44, reflecting stability amidst the evolving political landscape shaping the future of digital assets. As the election approaches, the crypto industry closely watches for potential policy changes that could impact its growth and regulatory environment.
Read more at Nasdaq: Kamala Harris Charges into Crypto Arena with Vows to Shield Consumers