Guess what? Vice President Kamala Harris is diving into the crypto pool, and she's making waves! In a bid to win hearts and votes, Harris is all set to boost investments in the crypto industry. She unveiled her economic game plan in New York City on September 22, promising to champion innovation in artificial intelligence and digital assets while keeping consumer protection front and center.
Harris is rallying the troops, aiming to bring together small business owners, tech innovators, and big-shot companies to invest in America's future. She’s all about making the U.S. a leader in cutting-edge tech.
For the first time, Harris gave a shoutout to crypto assets, declaring, “We will encourage innovative technologies like AI and digital assets while protecting our consumers and investors.”
This move is quite the plot twist compared to President Biden’s hardline stance against crypto, which has seen a barrage of lawsuits and confusing regulations. One of Harris’s policy gurus hinted that she’s keen to nurture digital assets but with a firm hand on regulations to ensure safety.
However, not everyone’s buying it. Some researchers think the crypto crackdown might still be on the menu if the Democrats stay in power. Uniswap founder Hayden Adams had this to say: “[Joe] Biden has been bad for crypto and actions will speak louder than words,” although he did add, “But progress is progress, it needs to start somewhere, and should be encouraged.”
But the skepticism doesn’t stop there. Critics like Ryan Selkis were quick to voice their doubts, suggesting that Uniswap’s support for Democrats feels like a losing game.
Adding to the drama, the SEC recently issued a Wells notice against Uniswap, signaling potential legal action. Nate Geraci from the ETF Store also pointed out the irony of a crypto founder backing the Democrats given the current regulatory climate.
And the plot thickens! Anthony Scaramucci, founder of SkyBridge Capital, is reportedly helping Harris draft her crypto policies. Meanwhile, her Republican rival, Donald Trump, is rolling out the red carpet for the crypto world, even making history by using Bitcoin to buy burgers for supporters.
According to election predictions, Harris has a slender 52% lead over Trump’s 47%. The latest CBS News poll shows her with a slight edge nationally, ahead by 4 points.
Crypto enthusiasts, brace yourselves. It’s going to be an electrifying ride in the world of digital assets and American politics!
