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Kamala Harris Promises to Support the Crypto if Elected U.S. President

U.S. Vice President Kamala Harris has publicly pledged to support the development of cryptocurrency if she is elected President in the 2024 election.
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This statement was made during a fundraising event in New York on September 22, highlighting her focus on digital assets and blockchain technology as key components of America’s economic future.

In her speech, Harris emphasized that promoting technologies like AI and digital assets would be central to her proposed economic strategy. She committed to fostering innovation within the crypto industry while ensuring the protection of consumer and investor rights. Her statement is seen as a significant move to attract the attention of the tech community and investors in digital assets, a sector experiencing rapid global growth.

Harris stressed the importance of creating a safe and transparent business environment with clear regulations. This is especially crucial for the crypto industry, where investors and businesses often face concerns about regulatory stability and predictability.

While Harris underscored the need for transparency and consumer protection, her opponent, former President Donald Trump, has adopted a more aggressive stance towards the crypto industry. Trump has pledged to fire the Chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, and establish a new regulatory framework for cryptocurrencies, including stablecoins. Trump also vowed to protect Bitcoin mining rights and expand America’s leadership in the sector.

For the first time in her campaign, Kamala Harris has expressed her support for the cryptocurrency industry—a significant step in clarifying her position on advanced financial technologies. If elected, Harris could provide substantial support to the crypto sector by fostering a transparent and business-friendly regulatory environment, while also protecting consumers and investors as the cryptocurrency market continues to grow.

Related news: Harris-Trump Debate Sends Trump Memecoins into a Freefall

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