- Kamala Harris vows to boost crypto investments if elected, clashing with Senator Warren’s anti-crypto stance.
- Industry players express skepticism about Harris delivering real change in crypto regulation and innovation.
- Harris’ support signals potential end to Biden-Warren era of strict crypto regulations in the US.
In a recent Manhattan fundraiser, U.S. Vice President Kamala Harris emphasized her support for the crypto industry, pledging to increase investments and foster innovation if elected in 2024. Her statements indicate a potential shift in policy, setting her apart from Senator Elizabeth Warren, a vocal critic of digital assets.
Harris’ remarks have grabbed the attention of crypto advocates and industry leaders who view Warren as a major obstacle to innovation in the sector.
Speaking at Cipriani Wall Street on Sunday, September 22, Harris laid out her economic vision, which includes significant investments in artificial intelligence (AI) and cryptocurrency.
She noted that encouraging innovative technologies would be a priority and promised a regulatory framework that balances investor protection with growth opportunities.
Harris said, “We will invest in America’s competitiveness and in technologies like AI and digital assets while safeguarding consumers.”
Despite Harris’ pro-crypto rhetoric, some industry players are skeptical. Nate Geraci, President of the ETF Store, expressed doubts about whether Harris will follow through on her promises.
He emphasized that while her words are a step in the right direction, actions will be more crucial in shaping the future of the crypto space.
Elizabeth Warren, known for her anti-crypto agenda, has been pushing for tighter regulations that many believe stifle innovation.
Recently, Warren has been linked to the collapse of crypto-friendly banks, including Silvergate Bank, and has been accused of orchestrating “Operation Choke Point 2.0,” an effort to limit access to banking for cryptocurrency businesses.
Crypto industry leaders, including Coinbase’s Faryar Shirzad, are interpreting Harris’ statements as a possible departure from the Biden-Warren era of regulation, which many consider overly restrictive. Shirzad noted that Harris’ pro-crypto remarks could signal a new approach, one that prioritizes fostering U.S. innovation in the digital space.
As the 2024 presidential race unfolds, it remains to be seen whether Harris can effectively champion the crypto industry and overcome opposition from figures like Warren.
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