Kamala Harris promises to boost crypto, AI growth and protect investors as president
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Photo by edmund on wallpapers . com Key Takeaways Kamala Harris publicly supports AI and crypto for the first time in her campaign. Harris plans to create a stable business environment with clear regulations. Kamala Harris promised on Sunday that her White House would be committed to fostering the growth of digital assets and artificial intelligence (AI) if she is elected as the next US president. “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,” said Harris, speaking at a Wall Street fundraiser in Manhattan on Sunday, which was first reported by Bloomberg. After taking the torch from President Joe Biden, the Vice President remained silent on Bitcoin and crypto assets, which have grown important in the 2024 US presidential election. But several reports point out that behind the scenes, her campaign appears to be engaging with industry leaders to rebuild the relationship between the Democratic Party and the crypto sector. The latest remarks were Harris’ first public endorsement of the sector as the Democratic frontrunner. These also set her apart from current policies under President Joe Biden, perceived by some, if not many, as anti-crypto. Harris added during the event that her administration’s approach would be to establish a stable business environment with clear regulations, promoting sectors like semiconductors and clean energy while reducing bureaucracy. Her promise to encourage digital asset growth suggests a more welcoming approach to crypto compared to the current administration and has received positive comments from many industry members. While Harris has not yet articulated a comprehensive policy, her acknowledgment of the importance of digital assets sends “a clear message that the Biden/Warren era of destruction is over,” said Coinbase policy chief Faryar Shirzad.…
Filed under: News - @ September 23, 2024 5:25 am