Vice President Kamala Harris to Champion Crypto with Supportive Measures

Vice President Kamala Harris is expressing her support for the growth of digital assets, signalling a potential shift in the US administration's approach to cryptocurrency.

Harris’s Stance on Emerging Technologies

At the Democratic National Convention, Harris’s senior campaign adviser, Brian Nelson, highlighted her commitment to fostering emerging technologies. He stated that Harris intends to back policies that allow industries like cryptocurrency to continue developing, a move seen as an attempt to bridge the gap with the crypto community, which has been critical of the current administration’s regulatory stance.

Trump's Contrasting Position on Cryptocurrency

While Harris promotes regulatory support, former President Donald Trump has shifted his earlier scepticism towards cryptocurrency, now holding a significant digital asset portfolio and advocating for reduced government oversight. This change has garnered him the backing of prominent crypto investors such as the Winklevoss twins.

Harris’s Vision for a Transparent Business Environment

In a recent campaign stop in North Carolina, Harris reiterated her focus on reducing bureaucratic hurdles and supporting high-tech industries, though she did not explicitly mention cryptocurrency. Her proposed administration would aim to create a stable business environment with clear and transparent regulations, contrasting with Trump’s promise to dismantle regulatory bodies, including the Securities and Exchange Commission.

While Harris’s supportive rhetoric is a positive sign for the crypto community, it remains to be seen whether her administration would follow through with tangible actions, as scepticism persists regarding her actual commitment to these promises.