Kamala Harris recently spoke at a fundraising event at Cipriani Wall Street in Manhattan, stating that she will work with labor, small business founders, and large companies to invest in America's competitiveness and future. She emphasized her support for innovative technologies such as artificial intelligence and digital assets, while ensuring the safety of consumers and investors. She mentioned plans to establish consistent, transparent rules to create a safe business environment, as well as investing in future industries like semiconductors and clean energy to reduce bureaucracy.
This marks Harris's first public discussion of cryptocurrency since becoming the Democratic presidential candidate, while her Republican opponent, Donald Trump, is also actively courting support from the industry. The cryptocurrency sector has been watching to see if the Vice President will adjust current policies, as many previously believed the last Biden administration had an unfriendly attitude toward the crypto industry.
According to the decentralized prediction market Polymarket, Harris's chances of winning the upcoming presidential election have now surpassed Trump's. Her senior campaign advisor, Brian Nelson, hinted that if Harris wins in November, she will support cryptocurrency policies, but he also noted that the industry needs clear "road rules" to address the collapse of some companies.
Coinbase's Policy Chief Officer, Faryar Shirzad, called Harris's statement important and constructive, although not as forward-looking as Trump's. Alexander Grieve, vice president of the venture capital firm Paradigm, stated that whoever wins in November should be the last government to oppose cryptocurrency.
However, Charles Hoskinson, founder of Cardano, expressed strong dissatisfaction with Harris's stance, arguing that she has not provided specific policies or recommendations. He questioned, "What legislation do you support? What executive orders will you issue? Why has policy not changed to this day?”
Jake Chervinsky, legal director at cryptocurrency venture capital firm Variant, pointed out on social media that while Harris's statement is a step forward, "simultaneously protecting our consumers and investors" could imply multiple interpretations. He warned that anti-crypto forces might use "consumer protection" as a disguise to mask attacks on the industry and called for clearer policy details.
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