Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
Kamala Harris Remains Vague in Speech Promising Crypto Regulatory Framework

Kamala Harris Remains Vague in Speech Promising Crypto Regulatory Framework

CryptoNews2024/10/15 17:15
By: Julia Smith
BTC-0.10%XRP+0.61%JST+1.87%
Harris has yet to release a robust policy on digital assets.
Last updated:
October 15, 2024 12:00 EDT

During a campaign speech in Erie, PA on Monday night, Democratic nominee Kamala Harris did not provide specific details on her much-anticipated crypto regulatory framework, despite earlier promises to introduce protections for digital assets ahead of the 2024 U.S. presidential election.

Kamala Harris Avoids Crypto Details Amid Key Voter Outreach

The former top prosecutor did not address the cryptocurrency sector directly during her appearance at the Erie Insurance Arena.

Instead, she spoke about creating an “opportunity economy” for American citizens, a message aimed at undecided Black male voters, who are considered crucial for swinging the election in her favor.

🚨 JUST IN: 🇺🇸 The Kamala Harris campaign has revealed its first statements on crypto policy, aiming to establish clear regulations for digital assets.

The plan focuses on crypto regulation, highlighting that over 20% of Black Americans own or have owned digital assets.…

— BullrunnersHQ (@BullrunnersHQ) October 14, 2024

According to the Harris campaign , over 20% of Black men have owned or currently invest in digital assets.

“Vice President Harris appreciates the ways in which new technologies can broaden access to banking and financial services,” an agenda released by her campaign this week states.

“She will make sure owners of and investors in digital assets benefit from a regulatory framework,” the agenda reads. “This ensures that Black men and others who participate in this market are protected.”

Beyond crypto regulations, Kamala Harris is also focusing on broader issues in her campaign, including her initiative aimed at Black men.

This plan includes legalizing recreational marijuana, increasing investment in Black male teaching opportunities, and providing one million forgivable loans for Black entrepreneurs.

Some political analysts view this as a late effort by Kamala Harris to reclaim support from Black male voters, a demographic that Republican nominee Donald Trump has been making headway with.

Trump’s Crypto Stance in Focus

Trump has long been seen as the crypto-friendly candidate, even promising to fire current United States Securities and Exchange Commission (SEC) Chair Gary Gensler if he wins the Oval Office this November.

“We will have regulations , but from now on, the rules will be written by the people who love your industry, not hate your industry,” he told attendees at the Bitcoin 2024 Conference in Nashville over the summer.

However, Harris’ recent warmth towards the blockchain sector may help her gain crucial votes as the race for the White House enters its final phase.

“She knows people who have grown up in the innovation economy her whole life,” Ripple co-founder Chris Larsen told CNBC on Monday, adding that he believed Harris understood the concerns facing the crypto industry “on a fundamental level.”

With national polls essentially deadlocked, it is uncertain whether Harris can surpass Trump in the final stretch of the race.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

New spot margin trading pair — HOLO/USDT!
Bitget Announcement2025/09/12 07:46
FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

Bitget-RWA2025/09/12 06:14
OPEN has dropped by 189.51% within 24 hours during a significant market pullback

- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.

Bitget-RWA2025/09/12 06:14
New spot margin trading pair — LINEA/USDT!
Bitget Announcement2025/09/11 10:04

Trending news

More
1
New spot margin trading pair — HOLO/USDT!
2
FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

Crypto prices

More
Bitcoin
Bitcoin
BTC
$115,916.47
-0.15%
Ethereum
Ethereum
ETH
$4,658.67
-0.96%
XRP
XRP
XRP
$3.12
+0.24%
Tether USDt
Tether USDt
USDT
$1
-0.01%
Solana
Solana
SOL
$241.56
+0.01%
BNB
BNB
BNB
$931.22
+0.55%
USDC
USDC
USDC
$0.9998
+0.01%
Dogecoin
Dogecoin
DOGE
$0.2880
+3.80%
Cardano
Cardano
ADA
$0.9278
+1.35%
TRON
TRON
TRX
$0.3497
-0.68%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter