U.S. Vice President and Democratic presidential candidate Kamala Harris has announced a cryptocurrency-friendly plan to support African-American male voters. In a proposal called "Vice President Harris Will Deliver for Black Men," Harris promised to make Digital asset holders and investors benefit from a regulatory framework that further safeguards Black men and other participants in this investment market.

The plan document highlights that more than 20% of African Americans have or currently hold cryptocurrency, so Vice President Harris recognizes that emerging technologies will expand the way banks and traditional finance are served.

Source: He Jinli More than 20% of African Americans have or currently hold cryptocurrency

On the other hand, Harris also plans to provide fully forgivable loans of up to $20,000 to African-American entrepreneurs, target African-American men’s health initiatives, and promote the legalization of recreational marijuana.

Harris' support for emerging technologies

Although this is not the first time that He Jinli has expressed a policy related to cryptocurrency, this is undoubtedly the most prominent stance she has expressed on the cryptocurrency industry so far.

The first time Harris made a positive statement on the digital industry was at a campaign fundraiser last month (9/23). She said at that time that she would promote innovative technologies such as AI and digital currency and create jobs for these two industries. , while protecting its consumers and investors.

Diversity advocacy group’s displeasure

However, He Jinli’s plan also attracted criticism from Cleve Mesidor, founder of the National Policy Network WOC Blockchain, a blockchain diversity advocacy organization:

“It’s puzzling that Harris’ team didn’t meet with a diverse group of cryptocurrency leaders.”

Mesidor added that Harris’s policy on digital currency was clearly limited to discussions among African-American men and did not pay attention to other ethnic groups.

Trump’s stance on blockchain

Compared to He Jinli, her competitor Donald Trump has made frequent moves in the Web3 sector. Not only has he issued NFTs, he has also recently promoted a DeFi project called World Liberty Financial, trying to use his personal influence to compete with others. Taking one side in the fierce DeFi sector, this series of moves also shows Trump’s intention to actively seize cryptocurrency voters.