Bitrabo Editorial
Recently, Kamala Harris, the Vice President and Democratic nominee, shared her views on the crypto sector for the first time during her campaign. While her comments were critiqued for being somewhat ambiguous, some lawmakers felt inspired by her statements regarding Bitcoin (BTC) and digital currencies.
Harris’ Crypto Remarks Spark Optimism Among Lawmakers
On Sunday, Vice President Harris officially recognized the cryptocurrency industry, stressing the importance of investing in innovative technologies like digital assets and Artificial Intelligence (AI) to secure America’s future.
Although her remarks were considered unclear regarding specific strategies to enhance these sectors, many saw them as a significant positive shift for the crypto industry.
Democratic Congressman Ro Khanna expressed his optimism about Harris’ acknowledgment of crypto during a discussion with Fox Business. He suggested that opposing Bitcoin or the crypto market is futile, comparing it to resisting smartphones or computers, advocating instead for “smart regulation” as essential for the evolving digital landscape.
You can’t oppose Bitcoin or crypto any more than you can oppose the iPhone or a laptop. It’s a technology that requires thoughtful regulation and represents a modern payment and value system, akin to gold for younger generations.
Is Harris’ Position Affected by Past Events?
Harris addressed the crypto sector again on Wednesday during a speech at The Economic Club of Pittsburgh, pledging to sustain the U.S. leadership in emerging technologies, including Blockchain.
We will continue to invest in critical areas like biomanufacturing and aerospace, embracing AI, quantum computing, blockchain, and other advancements.
She emphasized that if she were to become president, the U.S. would lead globally in future industries, ensuring that America remains competitive against China.
Additionally, her campaign released an 80-page economic plan that only briefly mentions digital assets, mirroring her earlier comments.
Following her statements, opinions about Harris remain divided. While some believe her position is still too vague to support, others question the clarity of her language around “encouraging innovative technology,” noting similarities to past statements from the Securities and Exchange Commission (SEC).
The scrutiny compelled the Super Politician Action Committee (PAC) Stand With Crypto (SWC) to reassess Harris’ rating on their website. Initially granting her a B for being “pro-crypto,” they have since updated it to reflect that there is “not enough information” to assign a score.
In conclusion, many cryptocurrency investors are calling for a clearer, more detailed position from the Democratic nominee, who currently holds a slight lead in the Polymarket prediction market at 50% against Donald Trump’s 49% chances.