As an analyst with over two decades of experience in politics, finance, and technology, I find myself intrigued by Vice President Kamala Harris’ ongoing courtship of the cryptocurrency community as part of her “Opportunity Economy” agenda.
As part of her “Opportunity Economy” plan, U.S. presidential hopeful and current Vice President Kamala Harris is actively seeking support from the digital currency sector.
On October 14th, she’s due to engage with a gathering of African American business owners in Erie, Pennsylvania. Her plans suggest that she will discuss her backing for small Black-owned businesses, the regulation of cryptocurrencies and digital assets, along with advocating for federal cannabis legalization during this interaction.
Opportunity Economy
According to a statement made to a local NPR station in New Hampshire, Cedric Richmond – who serves as a co-chair in the Harris campaign – stated that Vice President Harris’ announcement aligns with her commitment to the “Opportunity Economy”.
As per Richmond’s statement, Harris aims to strengthen her voter base among Black men by vowing to establish an economy that empowers Black men with the necessary resources to prosper, afford homes, support their families, launch businesses, and amass wealth.
During Harris’ official campaign, her image regarding her alleged stance against cryptocurrency seems to have become less hardline compared to the initial perception.
According to a recent report by CryptoMoon, Chris Larsen, one of Ripple’s founders, donated around $1 million in XRP (Ripple’s cryptocurrency) to the Harris-Walz 2024 Presidential campaign.
It seems some people view Harris as a candidate who’s open to working on cross-party legislation for crypto regulation within the digital asset and cryptocurrency sectors. Yet, not all members of the community are convinced by Harris’s alleged “shift towards crypto.
Per Bitwise chief investment officer Matt Hogan:
“Serious question: Is this statement the extent of the “Harris pivot” people are excited about? Or did she say more in the live setting? These words are a Rorschach test, not a position — you can read them as aggressively pro-crypto or anti-crypto.”
Instead, documentation on the Harris campaign site about the Erie, Pennsylvania, incident employs slightly varied phrasing, clarifying that people who “own” cryptocurrency will be safeguarded. This suggests her proposal aims to secure ownership of cryptocurrency rather than restricting or abolishing it.
“Supporting a regulatory framework for cryptocurrency and other digital assets so Black men who invest in and own these assets are protected.”
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2024-10-14 19:31