Kamala Harris, the U.S. Vice President and Democratic presidential candidate, has made a significant pledge to support innovative technologies, including cryptocurrencies. This marks the first time she has publicly commented on digital assets, promising to back the industry as part of her campaign.
Harris Advocates for Crypto and AI at Manhattan Fundraiser
During a fundraiser at Cipriani Wall Street in Manhattan on Sunday, Harris emphasized her commitment to fostering innovation, particularly in the realms of cryptocurrencies and artificial intelligence (AI). According to a report by Bloomberg, she aims to unite workers, small business founders, innovators, and large companies to boost America’s competitiveness.
“We will unite to invest in America’s future and competitiveness. While supporting innovative technologies such as artificial intelligence and digital assets, we will also protect our consumers and investors,” Harris stated, underscoring her balanced approach to innovation and regulation.
Vision for an “Opportunity Economy”
Harris also outlined her vision for an “opportunity economy,” focusing on creating a safe business environment and addressing regulations. She highlighted the need for investment in sectors such as semiconductors and clean energy, as well as reducing unnecessary bureaucracy that could stifle growth in emerging industries.
“We will invest in semiconductors, clean energy, and other future-focused sectors while reducing unnecessary red tape,” she said during her speech.
The Manhattan fundraiser reportedly raised $27 million, marking the highest amount collected since Harris launched her campaign. This event highlights the growing support for Harris among leaders in the tech and financial sectors.
Kamala Harris’ Support for the Crypto Industry
Earlier this month, leaders in the crypto space organized a fundraiser to support Harris, aiming to influence her stance on digital assets. The event reflects the industry’s desire for a regulatory environment that encourages innovation while safeguarding investors.
According to FiveThirtyEight, Harris currently leads former President Donald Trump by 2.9% in the polls. This lead emerged after U.S. President Joe Biden withdrew from the presidential race.
Although Harris focused primarily on addressing inflation during her Sunday speech, her campaign also reflects a strong interest in the cryptocurrency sector, especially in light of recent bankruptcies in the industry.
Positive Reactions from the Crypto Community
Hedge fund manager Anthony Scaramucci praised her approach to crypto policy, expressing optimism about her digital asset policies. “Harris is on the right track with crypto,” Scaramucci said, indicating support for her balanced stance on innovation and regulation.
With her recent statements, Kamala has positioned herself as a proponent of technological progress, supporting both the growth of the crypto industry and the protection of consumers and investors.