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Good News For Cryptos? Kamala Harris Finally Reveals Her Intentions.

Mon 23 Sep 2024 ▪ 3 min read ▪ by Luc Jose A.
Getting informed Regulation Crypto

Yesterday, the Vice President of the United States, Kamala Harris, made a remarkable statement during a fundraiser on Wall Street. She finally confirms her intention to promote the growth of digital technologies such as AI and crypto and to ensure consumer protection.

Une scène subtile où Kamala Harris est présentée lors d'un événement prestigieux à Wall Street. En arrière-plan, des symboles représentant la crypto et l'intelligence artificielle se fondent harmonieusement dans l'architecture moderne de la ville. L'éclairage est sobre mais élégant, avec un jeu d'ombres et de lumière qui évoque à la fois l'innovation et la régulation, reflétant le débat entre opportunités technologiques et garde-fous économiques.

A strong commitment to innovative technologies

During this fundraiser, Kamala Harris spoke to clearly affirm her position on emerging technologies. “We will encourage innovative technologies like artificial intelligence and crypto, with increased protection for our consumers and investors,” she declared. This commitment shows the current Vice President’s willingness to capitalize on the potential of crypto, and to maintain the necessary safeguards to avoid economic drifts.

HARRIS also emphasized the importance of a safe working environment for businesses and promised the establishment of a “consistent and transparent” regulatory framework, a promise much awaited in a sector where legal uncertainty remains a brake on development. This speech, delivered in front of influential personalities, aims to strengthen her position with young voters and crypto investors.

Potential repercussions for the crypto ecosystem

Beyond her statements, Harris also plans to unveil a set of new economic proposals in the coming week, aimed at helping Americans “build wealth” through incentives for businesses.

However, this openness to digital technologies is not without risk. Indeed, attempts at overly strict or poorly calibrated regulation could hinder innovation in the sector, thus causing an exodus of talent and businesses to more flexible jurisdictions. Donald Trump, her main political opponent, has also tried to court the crypto industry, with a flurry of initiatives, including his association with projects like World Liberty Financial. While Harris maintains a slight lead in key state polls, the stakes remain high for an industry demanding stability and long-term vision.

Kamala HARRIS’s speech during this fundraiser sheds more light on how the United States envisions the future of crypto. If the adoption of new technologies could transform the economy, it must imperatively be accompanied by adapted and balanced regulations. The next economic proposals of the Democratic candidate will be closely watched by the industry.

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Luc Jose A. avatar
Luc Jose A.

Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.