Kamala Harris, the Vice President of the United States, has committed to advocating for cryptocurrency regulations and digital assets as part of her recent economic agenda, as various media outlets reported on Monday. This initiative follows a notable rise in support for pro-crypto Republican candidate Donald Trump in the polls against the Democratic nominee.
Harris Promises Cannabis Legalization and Crypto Support
With the November elections approaching, Vice President Kamala Harris introduced a new proposal aimed specifically at enhancing the economic well-being of Black men, aiming to integrate this demographic into her campaign.
According to Bloomberg, her proposed policies include efforts to collaborate with Congress to legalize recreational marijuana and facilitate business creation for Black men in the expanding cannabis sector.
Additionally, Harris promised to offer up to 1 million loans, each completely forgivable up to $20,000, to assist Black entrepreneurs who faced difficulties obtaining financing to launch their businesses. She also suggested enhancing apprenticeship and employment opportunities if she becomes president.
Importantly, Harris assured to improve access for Black Americans to the cryptocurrency sector. She pledged to advocate for a clear regulatory framework for cryptocurrencies, emphasizing her administration’s plan to provide “greater investment certainty” for the 20% of Black Americans who currently own or have owned digital assets.
This economic initiative emerges shortly after some of Harris’ supporters, including former President Barack Obama, shared their worries about Trump’s attempts to appeal to Black voters.
While Harris enjoys better popularity among Black voters compared to President Biden before he exited the race, the margins remain close, posing challenges for the Democratic candidate’s prospects.
Trump Reclaims Polling Lead
Recent polls indicate that pro-crypto Republican Donald Trump has regained the lead over Harris. Despite a slight increase in Harris’ odds of winning after the presidential debate on September 11, during which digital assets were not discussed, Trump continues to maintain an advantage.
For nearly a month, Harris had been leading in prediction markets, as her campaign started engaging with the cryptocurrency sector. Various figures within the industry have voiced their support for her candidacy, suggesting that her election might not negatively impact the sector as some investors fear.
Recently, Ripple co-founder Chris Larsen expressed his backing for Harris with a substantial contribution. Reports from Bitrabo revealed that Larsen donated a million dollars worth of XRP to the Political Action Committee (PAC) Future Forward USA, which aims to support her campaign.
Larsen’s donation marks the first recorded cryptocurrency contribution to her campaign, despite the campaign having accepted such contributions for over a month. Nevertheless, Trump’s likelihood of securing victory has notably increased lately, rising about 10% since October 4.
Currently, Trump’s odds of winning stand at 53.8%, while Harris trails behind with a 45.5% chance.
