In this post:
- Finally speaking about cryptocurrencies, Kamala Harris pledges, should she win, to uphold innovation and safeguard voters.
- The CEO of Ripple wants Kamala to draft a friendly and transparent cryptocurrency policy.
- If elected, Donald Trump has promised to dismiss the SEC Chair and create a strategic national Bitcoin reserve.
At last, Kamala Harris has discussed cryptocurrency. Just in time, don’t you think? The Vice President made it plain during a fundraising event in New York City that she would be in favor of investing in cryptocurrency and artificial intelligence (AI) if elected president.
The community as a whole and investors have been suppressed under the Biden administration, so they were expecting this approval from Kamala for months.
“We will bring together labor, small business founders, innovators, and major companies. 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.”
– Kamala Harris.
A lot of people are asking if this will be any different from Biden’s approach, and that’s what matters here.
Now, let’s not forget about Donald Trump. The former president has gone all out, pledging to fire SEC Chair Gary Gensler, who the industry really doesn’t like.
Just last week, Trump paid for burgers with Bitcoin at a crypto-themed bar in New York City. Before Biden dropped out, Trump said he was creating a crypto army to fight him.
Kamala’s economic proposals are directed squarely at voters who are struggling with high prices.
This has been a political nightmare for the Biden administration, so it makes sense that she’d focus on tax cuts and programs for low- and middle-income households. She said:
“We will create a safe business environment with consistent and transparent rules of the road. We will invest in semiconductors, clean energy, and other industries of the future, and we will cut needless bureaucracy.”
The event raised a record-breaking $27 million, making it the largest single fundraising event since she took the top spot on the Democratic ticket. Tickets ranged from $500 to almost $1 million.
For a hefty fee, you could have taken a picture with Kamala and gain entry to two additional events. A reception and “liberty luncheon” are planned for the top donors.
Prominent Democrats such Senator Chuck Schumer, Governor Kathy Hochul, and actresses Anne Hathaway, Whoopi Goldberg, and Billy Porter attended.
As advertised, it was the final opportunity to see Kamala in New York before the election in November, and boy, did attendees bring plenty of cash. The Democrats are rich with cash these days.
In August alone, state parties, Kamala, and the Democratic National Committee raised $361 million.
When you contrast that with the $130 million that Trump’s RNC raised in the same time frame, you can see why Kamala has a financial lead.
Heading into September, Kamala and her party had $404 million in the bank, compared to Trump and the Republicans’ $295 million.
Ripple CEO Brad Garlinghouse and other industry elites have advised Kamala to distance herself from the anti-crypto movement many associate with the DNC.
Brad wants Kamala to map out a clear and supportive crypto policy.
Polling data shows a neck-and-neck race. On NBC News, Kamala leads with 49% to Trump’s 44%, a slim 5-point margin.
Her growing popularity is one thing that is going Kamala’s way.Since July, her favorability rating has increased by 16 points, the largest increase in NBC News polling since George W. Bush’s post-9/11 surge.
However, Trump continues to lead in several domains.similar to how he is viewed as stronger on economic matters, especially those pertaining to border control and inflation.
These are significant issues in swing states, and voters’ decisions in the election may be influenced by them.
