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Recently, Vice President and Democratic nominee Kamala Harris disclosed her long-awaited stance on the crypto industry. Despite the criticism surrounding her seemingly “vague” approach, some politicians have felt “encouraged” about Bitcoin (BTC) and digital assets after the VP’s statements.
VP Harris’ Crypto Statement “Encourages” US Congressman
On Sunday, the US Vice President acknowledged the crypto industry for the first time since her campaign started. During her statement, Harris promised to invest in America’s competitiveness and future by encouraging innovative technologies like Artificial Intelligence (AI) and digital assets.
Her comments sparked a discussion about her seemingly vague stance, which failed to detail how her government would boost these sectors. However, many concurred that her statement was a positive development for the industry and a good first step.
Democratic Congressman Ro Khanna shared his thoughts on Harris’ crypto acknowledgment. The pro-crypto politician told Fox Business he was “encouraged” by the Democratic nominee’s recent comment.
As reported by Eleanor Terrett, Khanna seemingly suggested that going against BTC or the crypto industry was a lost battle and compared it to fighting against smartphones or computers. He considers it a modern store of value that needs “smart regulation,” a stance he has previously shared.
Look, you can’t be against Bitcoin or crypto. It’s like saying I’m against the iPhone or I’m against the laptop. It’s just a technology. Yes, we need smart regulation, but it’s a modern store of value in a modern payment system. It’s a modern version of gold for a lot of young people.
Bitcoin is trading at $64,324 in the weekly chart. Source: BTCUSDT on TradingView
IS Harris Stance Burdened By What Has Been?
VP Harris also acknowledged the industry on Wednesday during a speech at The Economic Club of Pittsburgh. The presidential candidate vowed to keep the US dominance in emerging technologies, including Blockchain technology.
We will invest in biomanufacturing and aerospace, and remain dominant in AI and quantum computing, blockchain, and other emerging technologies.
If elected president, Harris promised that the country would be “leading the world in the industries of the future and making sure America, not China, wins the competition for the 21st century.”
Moreover, the democratic nominee’s campaign uploaded her economic plan to her website on Wednesday. The 80-page plan mentioned digital assets once, in a statement similar to her comments last Sunday.
Only mention of digital assets in Harris-Walz economic plan. Source: KamalaHarris.com
Following her latest statements, the community seemingly remains split on the US vice president. Many consider her stance continuous to be “too vague” to be endorsed, claiming that it is “more of the same.”
Others have heavily questioned the wording used by Harris, wondering about the meaning of statements such as “encouraging innovative technology” and pointing out some similarities between the language used by her campaign and the one used by the Securities and Exchange Commission (SEC) over the years.
The criticism resulted in the Super Politician Action Committee (PAC) Stand With Crypto (SWC) changing Harris’ score on its website. After her initial comments, SWC gave the US VP a B score, claiming she was “pro-crypto” but it has now been changed to display no score as there’s “not enough information.”
Kamala Harris' stance on crypto score. Source: Stand With Crypto
Ultimately, many crypto investors continue to petition for a more detailed and clearer stance from the presidential candidate, who is currently leading the Polymarket prediction market with 50% winning odds agaisn’t pro-industry Donald Trump’s 49% chances.
Featured Image from Unsplash.com, Chart from TradingView.com
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