Kamala Harris Pledges to Promote Crypto and AI Growth in Presidential Campaign

Kamala Harris has pledged to promote the growth of digital assets and artificial intelligence (AI) if she becomes the next President of the United States. Speaking at a Wall Street fundraiser in Manhattan, Harris stated, “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.”

Despite a previous lack of public commentary on Bitcoin and cryptocurrencies, Harris’s recent remarks signal a shift. Reports indicate that her campaign is actively engaging with industry leaders to improve the Democratic Party’s relationship with the crypto sector. This move contrasts with the current administration's stance, which some critics view as unfavourable to digital assets.

A New Regulatory Framework

Harris emphasised her intention to create a stable business environment characterised by clear regulations. This framework aims to support sectors such as semiconductors and clean energy, while also reducing bureaucratic hurdles. Her approach appears more accommodating compared to the existing policies under President Biden.

Read more: Anthony Scaramucci Claims Kamala Harris is Developing Crypto Policies

Crypto Community Welcomes Harris's Support for Digital Innovation

The crypto community has reacted positively to Harris’s statements. Coinbase policy chief Faryar Shirzad remarked that her endorsement represents a departure from the “Biden/Warren era of destruction.” Representative Wiley Nickel noted that this policy shift aligns Harris with Democrats working to safeguard consumers while fostering digital innovation.

Anthony Scaramucci, CEO of SkyBridge Capital, expressed that “Kamala means bitcoin in every language,” underscoring the significance of her endorsement. Hayden Adams, CEO of Uniswap Labs, also recognised Harris's comments as a positive development for the sector.

Read more: Kamala Harris vows to support crypto growth at New York fundraiser to run for US president

Harris's Support for Crypto Enhances Campaign Position Against Trump

Harris’s statements provide her with an opportunity to differentiate herself from Donald Trump, who has positioned himself as a strong supporter of the crypto industry. Recent data shows Harris leading in four out of six key swing states, including Wisconsin, Pennsylvania, Michigan, and Nevada. In Michigan, she holds a substantial advantage with a 66% probability of winning, while she leads in Wisconsin at 58%.

Overall, Harris's chances of winning the 2024 presidential election stand at 52%, putting her ahead of Trump, who is at 47%. This shift follows a perceived decline in Trump’s standing after the initial presidential debate.