- Kamala Harris made the first pro-crypto statement of the entire presidential race
- Among other pro-crypto signals from Democrats, this is the first from a presidential candidate
- She also mentioned support for other key technologies like AI and clean energy.
- Key figures have reacted positively and optimistically, but still restrained
Kamala Harris made her first public pro-crypto statement for the first time during a presidential race on Wall Street this Sunday.
She outlined that she recognizes the key importance of digital assets, along with artificial intelligence, semiconductor manufacturing, and renewable energy, to U.S. sustainability and leadership.
In turn, she pledged that she would reduce excessive bureaucracy and develop a safe business environment with consistent and transparent rules of the road.
This has sparked a lot of commentary from key players in various industries, including crypto. And while some have noted that this is still not as thorough and far-reaching a stance that Donald Trump has taken, they still mark it as progress and a reason for optimism.
Kamala Harris Broke the Silence on Crypto with Her First Statement
It’s not fair to say that Kamala Harris has demonstrated an anti-crypto stance and continued Joe Biden’s digital asset strategy.
We have already heard some claims that Harris’ team has already been in talks with key companies in the crypto sector to better understand the current complexities and prospects of the industry.
Also, some information regarding ‘Crypto for Harris’ and neat hints of a switch from Joe Biden’s vector have already surfaced many times.
However, crypto investors still didn’t have much confidence in her pro-crypto stance, especially amidst Donald Trump’s unequivocal statements.
Now, however, that has changed, and we have heard for the first time what can be perceived as a pro-crypto statement directly made by Kamala Harris for the first time in the entire presidential race.
“We will partner together to invest in America’s competitiveness, to invest in America’s future. We will encourage innovative technologies like AI and digital assets while protecting our consumers and investors.”
Also, she added:
“We will create a safe business environment with consistent and transparent rules of the road. We will invest in semiconductors, clean energy, and other industries of the future, and we will cut needless bureaucracy.”
Reaction to Harris’ Statement And What It Could Mean?
Industry leaders were generally positive about the statement, albeit cautiously since there was no direct mention of crypto.
In particular, Hayden Adams, CEO of Uniswap Labs said:
“Kamala just said she will encourage innovative technologies like DIGITAL ASSETS. I believe this is her first time referencing crypto publicly and it’s in a positive way.”
Coinbase policy chief Faryar Shirzad said:
“A clear message that the Biden/Warren era of destruction is over.”
Anthony Scaramucci, CEO of SkyBridge Capital said:
“Kamala means Bitcoin in every language.”
In addition, a very important clarification came from Rep. Wiley Nickel (D-N.C.):
“Kamala Harris signals a very significant reset on crypto and blockchain technology. This new policy position puts her in line with #FIT21 House and Senate Democrats working to protect consumers and keep digital innovation in the United States.”
Conclusion
Well, it looks like the Democrats represented by Kamala Harris want to demonstrate the pro-crypto vector.
However, they do not make such direct and loud statements as Donald Trump, which may be a deliberate strategy and create a more balanced image and consistent approach.
All this we will be able to evaluate very soon, by real actions in case of victory in the U.S. elections 2024.
And it won’t have a lot to wait, stay tuned.
