Democratic presidential nominee Kamala Harris has publicly revealed her stance on the crypto industry and artificial intelligence for the first time.
Harris' Statement on Crypto Industry
At a fundraiser at Cipriani Wall Street in Manhattan on September 22, Kamala Harris announced her intention to build an 'opportunity economy' for artificial intelligence and digital assets by creating regulations and innovations to protect consumers and investors in the U.S.
Criticism of Biden's Position
Harris’ statement on digital assets marks a break from President Joe Biden’s approach, as he has been heavily criticized by industry players for initiating a crackdown on crypto businesses in the U.S. through financial regulators, known as 'Operation Choke Point 2.0.'
Reaction from Crypto Community
Coinbase policy chief Faryar Shirzad acknowledged that while Harris' position on crypto is not as 'concrete and visionary' as Donald Trump’s, it is still notable. Harris recognized the need for growth in the digital asset industry and the urgency for protection and a clear roadmap for this sector.
Kamala Harris' statements emphasize her commitment to supporting the development of the crypto industry and other innovative technologies in the U.S., marking a significant shift in the Democratic party's approach to this sector.
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