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Today, enjoy the Forward Guidance newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the Forward Guidance newsletter. Harris punts on crypto talking points, again  Hours after pledging to support Black men’s rights to safely invest in crypto, Vice President Kamala Harris’s Monday night speech fell short on delivering details.  Harris’s “Opportunity Agenda for Black Men” debuted Monday morning. The policy proposal emphasizes how the administration will elevate the Black male community by giving them tools to “build wealth, support their families and lead their communities.”  One of these wealth-building tools? Give Black men the opportunity to “benefit from financial innovation” — namely, crypto.  Specifically, the agenda states Harris is committed to “supporting a regulatory framework for cryptocurrency and other digital assets so Black men who invest in and own these assets are protected.” The proposal was published ahead of Harris’s planned rally in Erie, PA last night. More on that soon. First, let’s talk about the response.  Many praised the initiative as a welcome effort to elevate a marginalized community. Others criticized the language in the agenda, saying it’s frustrating that Harris’s administration sees Black men in crypto solely as investors (as opposed to leaders and builders).  The agenda itself mentions crypto twice. The first time was quoted above.  Here’s the second: “More than 20% of Black Americans own or have owned cryptocurrency assets. Vice President Harris appreciates the ways in which new technologies can broaden access to banking and financial services.”  It’s similar to the limited statements we’ve heard from Harris on crypto in the past — decidedly not negative, but perhaps too vague to be truly positive. Last month the presidential hopeful mentioned blockchain/digital assets twice; once at a fundraising event in New York where she said she’d “encourage” new technologies like crypto,…

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Filed under: News - @ October 15, 2024 9:21 pm