US Vice President Kamala Harris has pledged to support the regulation of crypto and digital assets in her new economic proposal, as reported by various new media sources on Monday. The request comes after pro-crypto Republican candidate Donald Trump led the polls against the Democratic nominee.
Harris Promises to Legalize Weed, Support Crypto
As the November election approaches, US Vice President and Democratic nominee Kamala Harris unveiled a new proposal for black men, offering a place for economic security, in an alleged effort to make the group “a central part of her campaign.”
As reported by Bloomberg, the new policy proposals include a promise to work with the US Congress to legalize recreational marijuana and help ensure that black people can build businesses and work in the growing cannabis industry.
In addition, Harris vowed to provide one million loans, fully forgivable up to $20,000, to black entrepreneurs who find it difficult to get financing while starting a business. The democratically elected one also proposed to increase learning opportunities and job opportunities if he is elected as president.
Among his proposals, the US Vice President promised to increase the access of black Americans to the crypto industry. According to the report, Harris pledged to “support a regulatory framework for cryptocurrency,” adding that his administration would “guarantee more investment for the 20% of black Americans who own—or own—digital assets.”
This new economic proposal comes days after some of Harris’ allies, including the former US president, Mr. Barack Obama, expressed their concern about Trump’s efforts to win over black voters.
According to the report, Harris’ popularity in the party is better than President Biden’s before leaving the race. However, the scores remain tight, which could affect the chances of a successful Democratic nominee.
Trump Leads Again
Pro-crypto Republican candidate Donald Trump recently took the lead against Harris, according to several polling markets and forecasts. The US Vice President saw his chances of winning increase by about 4% after the Presidential debate between the two candidates on September 11, without any mention of digital assets.
Republican candidate Donald Trump leads the 2024 Election Forecast. Source: Polymarket
Harris continued to lead the Polymarket prediction market for almost a month as his campaign began to gain attention in the crypto industry. Many industry figures have publicly expressed their support for the Democratic nominee, noting that his victory “can’t be as low” in the industry as some investors think.
Recently, the founder of Ripple reaffirmed his support for the US Vice President with a significant donation. As reported by Bitcoinist, Chris Larsen sent $1 million worth of XRP to the Political Action Committee (PAC) Future Forward USA, which is dedicated to supporting Harris’ election.
Larsen’s donation was the first recorded crypto donation made to a Democratic candidate’s campaign, despite first accepting it about a month ago. Still, Trump’s odds of winning have grown significantly this past week, up nearly 10% since October 4.
As of this writing, the Republican candidate’s odds of winning are 53.8%, while Harris’ odds are 45.5%.
Bitcoin (BTC) is trading at $64,879 in the weekly chart. Source: BTCUSDT on TradingView
Featured image from Unsplash.com, Chart from TradingView.com
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