Kamala Harris Backs AI and Crypto Growth

Kamala Harris Supports AI and Crypto Growth

In her first public comments on cryptocurrency, Democratic nominee Kamala Harris has shed light on her stance toward the digital asset space. While her Republican rival, Donald Trump, has been vocal about supporting the industry, Harris has remained relatively quiet—until now. As we gear up for the 2024 elections, her recent remarks have grabbed the attention of the crypto world.

So, what does Harris’ newfound support mean for the future of Web3, and how does it compare to her track record in the Biden-Harris administration? Let’s dive into the details.

Harris Finally Speaks on Crypto

For a while, people in the crypto industry have been curious about Harris’ views on digital assets and whether her position differs from that of the current administration. During a recent speech, she made it clear that her White House would back innovative technologies, including AI and cryptocurrency, while ensuring consumer protection and transparency.

Harris noted, “We will encourage innovative technologies like AI and digital assets while protecting consumers and investors. We will create a safe business environment with consistent and transparent rules of the road.” This statement signals a more welcoming attitude toward the crypto world.

In the 2024 presidential polls, Harris is running neck-and-neck with Trump, with Polymarket giving her a slight edge of 4 points over Trump’s 47% odds of winning. Both candidates are now drawing attention to their crypto policies, which could sway voters in the coming months.

Related: An AI expert on those photos of Kamala Harris’s crowd

How the Crypto Community Reacted

Harris’ statement has already sparked reactions from major players in the crypto industry. On September 19, Anthony Scaramucci, CEO of SkyBridge Capital and former Trump White House communications director, revealed that Harris' campaign has been actively engaging with crypto leaders. Speaking at the TOKEN2049 event in Singapore, Scaramucci suggested that the Harris campaign may be working to distance itself from SEC Chair Gary Gensler and Senator Elizabeth Warren, two figures who have been critical of digital assets.

Gensler has previously called crypto "an outsized piece of scams and frauds," pushing for stronger regulations in the sector. However, Harris’ comments seem to signal a more crypto-friendly approach.

Democratic U.S. Representative Wiley Nickel also praised Harris' remarks, calling them "a significant reset" that aligns with the goals of FIT21, a framework designed to protect consumers while promoting digital innovation in the United States. On social media, Uniswap Labs CEO Hayden Adams echoed the positive sentiment, while Coinbase's policy head, Faryar Shirzad, interpreted Harris' speech as a sign that "the Biden/Warren era of destruction is over."

Related: Kamala Harris Releases Policy Positions, But Bitcoin and Crypto Are MIA

What’s Next for Crypto in the U.S.?

As the 2024 election draws nearer, both Harris and Trump will likely continue to develop their policies on crypto and blockchain technology. For the crypto community, the future seems promising, especially if either candidate follows through on creating a clear regulatory framework that encourages innovation while ensuring security.

Whoever takes the White House, the crypto space could see bullish momentum as clearer regulations and supportive policies come into play.

If you’re involved in the world of AI or digital assets, this election could shape the next phase of growth for the entire industry. Keep an eye on both candidates as they refine their positions on this crucial topic.