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Harris advocates for expanding crypto industry

Harris advocates for expanding crypto industry

GrafaGrafa2024/08/22 02:20
By:Mahathir Bayena

Vice President Kamala Harris has voiced her commitment to supporting policies that foster the growth of the digital assets industry, signaling her campaign’s intention to engage with the emerging cryptocurrency sector.

Brian Nelson, her senior campaign adviser for policy, emphasized that Harris is focused on creating a regulatory environment that allows innovative technologies, including digital assets, to thrive while ensuring consumer protection and stability.

This approach comes as the cryptocurrency industry increasingly flexes its political influence, seeking clear and supportive regulations from government leaders.

Harris’ stance marks a strategic effort to balance innovation with oversight.

While she acknowledges the potential of the cryptocurrency industry, her campaign remains committed to implementing stable and transparent rules that protect consumers and create a predictable business environment.

This contrasts with the approach of former President Donald Trump, who has attracted support from the crypto community by advocating for a reduction in government regulation and proposing initiatives such as the creation of a stablecoin framework and the formation of a crypto advisory council.

Trump’s pro-crypto stance has gained backing from prominent figures in the industry, including Bitcoin (CRYPTO:BTC) investors Cameron and Tyler Winklevoss, who have donated to his campaign.

However, Harris’ campaign argues that her approach offers more stability and certainty for businesses, which could be at risk under a Trump administration.

Rohini Kosoglu, Harris’ former domestic policy adviser, emphasized that Harris’ economic strategy aims to provide clear and consistent regulations, which contrasts with the perceived chaos of a potential second Trump term.

Harris has also begun rolling out her broader economic policy agenda, focusing on middle-class support through tax credits and down payment assistance, funded by increased taxes on corporations and high earners.

She supports raising the corporate tax rate to 28%, a move she believes is necessary to ensure that corporations contribute fairly to the economy.

6

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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