Speaking to donors, the Vice President emphasized her commitment to investing in America’s future by fostering a collaborative environment between labor, businesses, innovators, and established companies.
“We will encourage innovative technologies like AI and digital assets while protecting consumers and investors,” Harris stated. This marks her first public statement specifically addressing cryptocurrencies and blockchain technology.
Her remarks were met with cautious optimism by some within the crypto industry, particularly following what many perceive as a hostile stance towards the sector under the current Biden administration. Hayden Adams, CEO of decentralized exchange Uniswap Labs, took to X to express his views.
“Agree Biden has been terrible for crypto and tech,” Adams wrote, acknowledging the current administration’s policies. However, he described Harris’ statement as “progress,” highlighting the potential for a more favorable approach under her leadership.
Harris’ comments come amidst a backdrop of growing engagement with crypto within the political sphere. Republican nominee Donald Trump recently made headlines by purchasing burgers with Bitcoin at a crypto-themed bar called PubKey in New York. Trump and his family are also promoting a Decentralized Finance (DeFi) project called World Liberty Financial on the campaign trail, including an appearance on Rug Radio, a crypto media platform, to discuss crypto policy.
Adding to the intrigue, Anthony Scaramucci, former White House communications director under Trump and founder of SkyBridge Capital, has revealed his involvement in developing crypto policy for the Harris campaign. Scaramucci has been critical of the Democrats’ handling of crypto, calling their crackdowns a “horrific mistake.” are also promoting a Decentralized Finance (DeFi)
While Harris’ statement is a positive signal for the crypto community, industry observers emphasize the need for concrete action to follow these words. Regulations, enforcement actions, and overall policy direction will ultimately determine the future of digital assets in the United States.
Currently, prediction markets favor Harris in the upcoming election. Polymarket, a popular platform, gives her a 52% chance of winning, with over $980 million wagered on the outcome. The race remains tight, and the impact of crypto policy on voters’ decisions remains to be seen.
