Harris first statement: will support cryptocurrency investment

Wallstreetcn
2024.09.23 03:30
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Harris made her first statement in a fundraising event, stating that if elected, she will support increasing investment in artificial intelligence and cryptocurrencies. She emphasized working with labor, small businesses, and large corporations to boost America's competitiveness and future. The cryptocurrency industry has become an important participant in the 2024 presidential election, and Harris's economic proposals also focus on the burden of low-income and middle-class families. Trump has also sent friendly signals to the cryptocurrency industry, promising to implement friendly regulations for the industry

As the pace of the US presidential election draws near, the showdown between Harris and Trump is heating up, with the "crypto circle" becoming a new target they are vying for.

At a fundraising event held last Sunday at Cipriani Wall Street in Manhattan, US Vice President Harris outlined her economic agenda to donors and publicly stated for the first time that if elected, she will support increased investment in the artificial intelligence and cryptocurrency industries. She vowed:

"I will convene labor, small business founders and innovators, and large companies. Together, we will invest in America's competitiveness, invest in America's future. We will encourage innovative technologies such as artificial intelligence and digital assets, while protecting our consumers and investors."

Currently, the cryptocurrency industry has become an important participant in the 2024 presidential election, with industry executives and investors hoping to demonstrate their influence through large-scale political donations. As early as August, one of Harris's campaign policy advisors revealed that "Harris wants to help the growth of digital assets."

Trump has also publicly sent friendly signals to the industry, "calling out" to dismiss Securities and Exchange Commission (SEC) Chairman Gary Gensler, choosing a regulator friendly to the industry, and creating a stablecoin framework, even though the chairman's term was supposed to last until 2026.

Last week, Trump paid for hamburgers at a cryptocurrency-themed bar in New York City with Bitcoin, extending an olive branch to the digital asset community, at one point stating that "the United States will become the undisputed Bitcoin mining powerhouse in the world."

In addition, Harris's economic proposals mainly target voters concerned about high prices. She promises to introduce a series of tax incentives and relief plans to alleviate the burden on low-income and middle-class American families. She also pledged:

"We will create a safe business environment with consistent and transparent rules. We will invest in semiconductors, clean energy, and other future industries, and cut unnecessary bureaucracy."

Some analysts point out that Sunday's event provided Harris with a rare opportunity to temporarily break away from the campaign activities to further solidify her financial advantage over Trump. According to a campaign official, the event raised $27 million, making it the largest single-event total since Harris became the Democratic nominee