After a long period of silence on her potential policies regarding the cryptocurrency sector if she wins the United States Presidential election race in November, U.S. Vice President Kamala Harris has finally spoken up, revealing her position and plans vis-à-vis this industry.
Indeed, if elected President, Harris promised to devote energy to helping artificial intelligence (AI) and crypto sectors attract further investments, as she presented her innovation-focused financial policies to donors at a fundraiser in New York City, as per a report on September 22.
Specifically, according to the Democratic presidential nominee, her administration would focus on bringing together industry participants to boost the U.S. competitiveness and encourage the growth of advanced technologies, such as crypto and AI:
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“I will bring together labor, small business founders and innovators and major companies. (…) 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.”
Commenting on the Vice President’s words, Coinbase (NASDAQ: COIN) policy chief Faryar Shirzad stressed that they were notable because she “recognizes digital asset innovation as being important and on par with AI” and “understands that there’s a path that promotes innovation while protecting consumers and investors.”
At the same time, Hayden Adams, CEO of Uniswap Labs, applauded Harris’ statement as a positive sign, highlighting that “I believe this is her first time referencing crypto publicly, and it’s in a positive way,” in an X post on September 22.
Kamala Harris’ policy for crypto industry
As it happens, this is the first time the Vice President has commented on digital assets since her nomination, and the public has until now largely remained in the dark regarding her views, which many expected would not stray far from the anti-crypto stance of the President Joe Biden.
However, in her recent remarks, Harris has vowed to “create a safe business environment with consistent and transparent rules of the road” as well as “invest in semiconductors, clean energy, and other industries of the future,” cutting out “needless bureaucracy” to facilitate an “opportunity economy.”
As a reminder, a number of crypto investors and industry executives, including billionaire Mark Cuban, Wall Street financier Anthony Scaramucci, and Congressman Adam Schiff, have earlier rallied behind Harris, calling on her to pursue a softer regulatory stance on the crypto sector.
Meanwhile, another crypto group, encompassing Cleve Mesidor, executive director of the Blockchain Foundation, Tiffany Smith, co-chair of the Blockchain & Cryptocurrency Working Group at law firm WilmerHale, and Rahilla Zafar, a crypto founder with experience in AI, has emerged, organizing a fundraiser for Harris, as Finbold reported on September 3.
