U.S. Vice President and Democratic presidential candidate Kamala Harris has publicly voiced her commitment to promoting “innovative technologies” such as cryptocurrencies. During a fundraiser event held at Cipriani Wall Street in Manhattan, Harris expressed her intention to safeguard the interests of the crypto industry and support the growth of cutting-edge sectors like artificial intelligence (AI).
In her first public remarks on digital assets, Harris underscored the importance of fostering innovation in the tech space while ensuring consumer protection. She emphasized her administration’s plans to collaborate with a wide array of stakeholders, including labor groups, small business owners, innovators, and large corporations.
“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,” Harris said at the event.
Focus on Regulation and Investment
Harris also elaborated on her approach to regulations, framing it as part of her broader vision for an “opportunity economy.” She advocated for the creation of a “safe business environment” with clear and consistent regulatory frameworks to protect both businesses and consumers. In addition to supporting the crypto industry, Harris pledged to invest in future-facing industries such as semiconductors and clean energy, while working to reduce unnecessary bureaucratic hurdles.
“We will invest in semiconductors, clean energy, and other industries of the future, and we will cut needless bureaucracy,” Harris stated.
The fundraiser, which reportedly raised $27 million, was the largest single-event total since Harris began her campaign. According to a campaign official, this significant financial backing highlights growing support for Harris’s policy positions, including her stance on digital assets.
Growing Support for Harris’s Crypto Policies
Earlier in September, several prominent crypto industry leaders organized a separate fundraiser to bolster Harris’s campaign and influence her position on cryptocurrency regulation. This event was seen as a signal of Harris’s growing support from the digital asset sector.
As Harris leads the Democratic race following President Joe Biden’s decision not to seek re-election, her campaign has been marked by a focus on tackling inflation and economic challenges. Her remarks at the Manhattan event also indicated a strong interest in supporting the crypto industry after recent turmoil caused by company collapses.
Hedge fund manager Anthony Scaramucci praised Harris’s approach to crypto policy, describing it as a positive step for the industry. “Harris is on the right track with her crypto policies,” Scaramucci said, expressing optimism about her future plans for the sector.
As the race heats up, Harris holds a slim 2.9% lead over former President Donald Trump in national polls, according to FiveThirtyEight data. With her pro-innovation and crypto-friendly platform, Harris aims to secure continued support from both tech leaders and the broader public as the 2024 presidential election draws closer.
