Recently, Vice President and Democratic nominee Kamala Harris revealed her long-awaited stance on the crypto industry. Despite criticism surrounding his seemingly “ambiguous” approach, some politicians felt “encouraged” about Bitcoin (BTC) and digital assets after the VP’s statements.
VP Harris’ Crypto Statement “Encouraging” US Congressman
On Sunday, the US Vice President acknowledged the crypto industry for the first time since his campaign began. In his statement, Harris promised to invest in America’s future competitiveness by promoting new technologies such as Artificial Intelligence (AI) and digital assets.
His comments sparked a discussion about his seemingly vague position, which failed to elaborate on how his government would develop these sectors. However, many agreed that his statement was a positive development for the industry and a good first step.
Democratic Congressman Ro Khanna shared his thoughts on Harris’ crypto endorsement. The pro-crypto politician told Fox Business he was “encouraged” by the Democratic nominee’s recent comments.
As reported by Eleanor Terrett, Khanna seems to suggest that not dealing with BTC or the crypto industry was a losing battle and compared it to the fight against smartphones or computers. He regards it as a modern precious store that needs “smart rules,” a situation he had before.
Look, you can’t resist Bitcoin or crypto. It’s like I’m against an iPhone or I’m against a laptop. It’s just technology. Yes, we need smart regulation, but it is a modern store of value in a modern payment system. It is the modern version of gold for many young people.
Bitcoin is trading at $64,324 in the weekly chart. Source: BTCUSDT on TradingView
IS Harris’s Standing Overwhelmed by the Past?
VP Harris also acknowledged the industry on Wednesday when he spoke at The Economic Club of Pittsburgh. The presidential candidate vowed to maintain US dominance in emerging technologies, including Blockchain technology.
We will invest in biomanufacturing and aerospace, and stay on top of AI and quantum computing, blockchain, and other emerging technologies.
If elected president, Harris promised that the country would “lead the world in the industries of the future and ensure that America, not China, wins the race for the 21st century.”
In addition, the Democratic nominee’s campaign uploaded his economic plan to its website on Wednesday. The 80-page plan addressed digital assets once, in a statement similar to his comments last Sunday.
Only mention of digital assets in Harris-Walz economic plan. Source: KamalaHarris.com
After his recent statements, the public seems to be divided over the American vice president. Many consider his ongoing situation too “mysterious” to warrant, saying it’s “too similar.”
Some have questioned the terminology used by Harris, questioning the meaning of statements such as “promoting new technologies” and pointing out some similarities between the language used by his campaign and that used by the Securities and Exchange Commission (SEC) for years.
The criticism led the Super Politician Action Committee (PAC) Stand With Crypto (SWC) to change Harris’s points on its website. After his initial comments, the SWC gave the US VP a B score, saying he was “pro-crypto” but now it has been changed to show a score as “not enough information.”
Kamala Harris' stance on crypto score. Source: Stand With Crypto
Finally, many crypto investors continue to apply for a detailed and clear position on the presidential candidate, who currently leads the Polymarket prediction market with a 50% chance of winning and not the 49% chance of Donald Trump.
Featured image from Unsplash.com, Chart from TradingView.com