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Key takeaways
- Kamala Harris publicly supports AI and cryptography for the first time in her campaign.
- Harris plans to create a stable business environment with clear regulations.
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Kamala Harris pledged on Sunday that her White House would commit to fostering the growth of digital assets and artificial intelligence (AI) if elected as the next president of the United States.
“We’re going to partner to invest in America’s competitiveness, to invest in America’s future. We’re going to foster innovative technologies like AI and digital assets while protecting our consumers and our investors,” Harris said at a fundraising event on Wall Street in Manhattan on Sunday, which Bloomberg first reported.
After taking over from President Joe Biden, the vice president has remained silent on Bitcoin and crypto assets, which have gained prominence in the 2024 US presidential election.
But multiple reports highlight that behind the scenes, his campaign appears to be engaging with industry leaders to rebuild the relationship between the Democratic Party and the crypto sector.
The latest statements mark Harris’ first public endorsement of the sector as a Democratic frontrunner. They also set her apart from President Joe Biden’s current policies, which are seen by some, if not many, as anti-crypto.
Harris added at the event that his administration’s approach would be to establish a stable business environment with clear regulations, favoring sectors like semiconductors and clean energy while reducing bureaucracy.
His promise to encourage the growth of digital assets suggests a more welcoming approach to crypto compared to the current administration and has received positive feedback from many in the industry.
While Harris has yet to articulate a comprehensive policy, her recognition of the importance of digital assets sends “a clear message that the Biden/Warren era of destruction is over,” said Coinbase’s head of policy, Faryar Shirzad.
“Kamala Harris is announcing a very significant reset on crypto and blockchain technology,” said Rep. Wiley Nickel (D-N.C.). “This new policy stance aligns her with #FIT21 House and Senate Democrats working to protect consumers and keep America digitally innovative.”
“Kamala means bitcoin in every language,” said Anthony Scaramucci, CEO of SkyBridge Capital.
Hayden Adams, CEO of Uniswap Labs, called Harris’ statement a positive sign.
“Kamala just said she would encourage innovative technologies like DIGITAL ASSETS. I believe this is the first time she has publicly referenced crypto and it is in a positive way,” Adams said.
Harris’ statements gave her a chance to counter Donald Trump, who has positioned himself as a staunch defender of the crypto industry.
According to recent data from Polymarket, Harris has taken the lead in four of the six key states that have a significant impact on the candidate’s popularity. They are Wisconsin, Pennsylvania, Michigan and Nevada.
In Michigan, Harris has a huge lead with a 66% chance, followed by Wisconsin with 58%. The margins are narrower in Pennsylvania and Nevada, where she leads with 52% and 51%, respectively.
Harris’ chances of winning the 2024 presidential election are now 52%, giving her a 5-point lead over Donald Trump, who has a 47% chance. The change comes as Trump’s performance in the first presidential debate appears to be weakening his position.
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