Speaking at a Wall Street fundraiser, U.S. Vice President and presidential candidate Kamala Harris has openly expressed her stand on cryptocurrency adoption in the United States, promising to be a technology and crypto-friendly ruler if elected.
This marks a significant shift in her stance, as she has remained silent on the crypto issue throughout her presidential campaign. However, her republican opponent, Donald Trump, has endorsed crypto in many ways since the inception of his campaign, attracting many crypto-inclined U.S. investors to support him.
Kamala Harris Sheds Green Light on Crypto
According to Bloomberg, Harris has vowed to support the growth of Artificial Intelligence (AI) technology and cryptocurrency if elected as the new U.S. president. She made the remark in New York City on Sunday when explaining her economic goals for the U.S. to her $27 million donors.
Additionally, she expressed that her primary aim is to promote innovation and focus on ensuring the complete safety of customers and investor’s funds.
“I will bring together labor, small business founders and innovators, and major companies. 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,” she said.
Harris’ open crypto expression has raised the hopes of a few crypto enthusiasts, who look forward to her administration’s standing apart from the current governance that has not fully supported the crypto industry.
“Agree Biden has been terrible for crypto and tech. She is signaling her admin will approach it differently / be more pro-innovation. Fine if you don’t believe it. Personally, I think a positive statement from a sitting VP, w/a 52% chance of being president (polymarket), is progress,” said Hayden Adams, Uniswap Labs CEO.
U.S. Election Impact on Crypto
The U.S. election has affected crypto adoption in past years as the market reacts positively or otherwise following each concluded election. Similarly, the forthcoming election is expected to significantly impact the crypto market as it has formed a basis for the election campaigns among the favored candidates, Harris and Trump.
Starting his campaign, Trump has spoken positively about crypto assets and accepted donations worth more than $5 million in crypto. Recently, he revealed plans to make America the world’s Bitcoin capital if he secures the presidential position.
