U.S. Vice President Kamala Harris has pledged to support digital asset policies that protect crypto investors, especially black men participating in the sector.<\/p>\n
The promise was part of a wide-ranging agenda targeting men of color whom the Democratic flagbearer\u2019s team believes could be pivotal in the November presidential elections.<\/p>\n
In an October 14 release<\/a>, the Harris campaign promised their candidate would create a conducive crypto regulatory framework to protect \u201cblack men and others\u201d who participate in the market.<\/p>\n Harris pointed out that 20% of black people in the United States own or have previously possessed crypto assets. She also acknowledged the role these \u201cnew technologies\u201d were playing in broadening their access to affordable banking and financial services, something she admitted they had been denied in the past.<\/p>\n However, the team provided no further details as to what precisely the regulatory framework being advocated would entail.<\/p>\n The candidate, who later spoke at an event in Erie, Pennsylvania, also did not elaborate on the plan. As noted by observers, the VP even failed to mention terms associated with the crypto industry, such as \u201cblockchain\u201d or \u201cdigital assets,\u201d in her speech.<\/p>\n One critic, Bitcoin Magazine\u2019s Nikolaus Hoffman, called<\/a> Harris \u201cthe worst candidate for Bitcoin,\u201d describing her latest pledge as \u201crace-based.\u201d<\/p>\n The scribe compared her approach to Donald Trump\u2019s, which he judged as being \u201cmuch better,\u201d given that the former president had actually given specific details about what he intends to do for crypto.<\/p>\n The Harris team itself had no kind words for Trump, claiming he had \u201crepeatedly shown open contempt for black Americans and black men.\u201d However, the Republican candidate, who recently declared himself the \u201cCrypto President,\u201d has made a lot of headway within the community.<\/p>\n After years of discrediting virtual assets, Trump had an apparent change of heart in this election cycle. He embraced the industry full-heartedly and made wholesale promises of putting in place friendlier regulators as well as creating a Bitcoin advisory council if he won the presidential race.<\/p>\n Only last month, Trump made headlines when he visited PubKey<\/a>, a New York bar that accepts crypto, and bought burgers.<\/p>\n The 78-year-old seems to be tying himself even more tightly with the digital assets sector after his family fronted<\/a> a new decentralized finance (DeFi) project dubbed World Liberty Financial (WLF). The project is due to start selling<\/a> its native WLFI token as it looks to raise $300 million.<\/p>\n Harris, on her part, has had to shake off the anti-crypto<\/a> tag that came with her being part of the Biden administration.<\/p>\n The administration\u2019s face at the Securities and Exchange Commission (SEC), Gary Gensler, has become hugely unpopular in crypto circles for what some perceive as regulatory overreach in his policing of the industry.<\/p>\n The post Kamala Harris Advocates for Pro-Crypto Regulations but Fails to Provide Details Again<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" U.S. Vice President Kamala Harris has pledged to support digital asset policies that protect crypto investors, especially black men participating in the sector. The promise was part of a wide-ranging agenda targeting men of color whom the Democratic flagbearer\u2019s team believes could be pivotal in the November presidential elections. Securing Black Male Voters via Crypto […]<\/p>\n","protected":false},"author":0,"featured_media":14084,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-14083","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/14083"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14083"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/14083\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/14084"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14083"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14083"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14083"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Trump\u2019s Pro-Crypto Stance Gains Momentum<\/h2>\n