Recently, Vice President and Democratic candidate Kamala Harris revealed her long-awaited position on the cryptocurrency industry. Despite criticism surrounding her seemingly “vague” approach, some politicians felt “encouraged” about Bitcoin (BTC) and digital assets following the vice president’s statements.
Vice President Harris’ Cryptocurrency Statement ‘Encourages’ US Congressman
On Sunday, the US vice president expressed her appreciation for the cryptocurrency industry for the first time since the start of her campaign. In her statement, Harris promised to invest in America’s competitiveness and future by encouraging pioneering technologies such as artificial intelligence (AI) and digital assets.
Her comments sparked debate over her seemingly vague stance, which did not detail how her government would support these sectors. However, many people agreed that her announcement was a positive development for the industry and a good first step.
Democratic Congressman Ro Khanna shared his thoughts on Harris’ crypto endorsement. The pro-crypto politician told Fox Business that he was “encouraged” by the Democratic candidate’s recent comments.
How reported by Eleanor Terrett Khanna apparently suggested that opposing BTC or the cryptocurrency industry was a losing battle and compared it to fighting against smartphones or computers. He sees it as a contemporary store of value that requires “intelligent regulation”, a view he has shared before.
Look, you can’t be against Bitcoin or cryptocurrencies. It’s like saying I’m against the iPhone or the laptop. It’s just technology. Yes, we need clever regulations, but this is a contemporary store of value in a contemporary payment system. It’s a contemporary version of gold for many newborn people.
Bitcoin is trading at $64,324 in the weekly chart. Source: BTCUSDT on TradingView
IS Harris Stance charged with what happened?
Vice President Harris also expressed his appreciation for the industry on Wednesday during a speech at the Economic Club of Pittsburgh. The presidential candidate announced that he would maintain US dominance in up-to-date technologies, including Blockchain technology.
We will invest in biomanufacturing and aerospace, and remain the dominant company in artificial intelligence and quantum computing, blockchain and other emerging technologies.
If elected president, Harris promised that the country would “lead the world in the industries of the future and ensure that America, not China, wins the 21st century competition.”
Additionally, on Wednesday, activists from the Democratic candidate’s campaign posted their economic plan on their website. The 80-page plan mentioned digital assets once in a statement similar to her comments last Sunday.
Only mention of digital assets in Harris-Walz economic plan. Source: KamalaHarris.com
Following her recent statements, the community apparently remains divided over the US vice president. Many find her position “too vague” to support, saying it is “more of the same.”
Others strongly question Harris’s formulation, wondering about the meaning of statements such as “encouraging innovative technologies” and pointing out some similarities between Tongue used in her campaign and the one used by the Securities and Exchange Commission (SEC) for years.
The criticism caused the Super Politician Action Committee (PAC) Stand With Crypto (SWC) to change Harris’s score on its website. Following her initial comments, the SWC gave the US VP a B rating, claiming she was “pro-crypto,” but it has now been changed to display no rating because “there is insufficient information.”
Kamala Harris' stance on crypto score. Source: Stand With Crypto
Ultimately, many cryptocurrency investors continue to petition for a more detailed and clearer stance from the presidential candidate, who currently leads the Polymarket prediction market with a 50% chance of winning compared to pro-industry Donald Trump’s 49% chance.
Featured image from Unsplash.com, chart from TradingView.com
