$BTC Kamala Harris has finally spoken up about cryptocurrency, and her comments are stirring up excitement across the digital finance landscape. During a recent fundraiser in New York City, Harris highlighted her intentions to "foster innovative technologies like AI and digital assets." This is her first major statement on cryptocurrency as a presidential hopeful, a timely move given the current buzz in the market. Harrisโs tone suggests a potentially more open approach to crypto than the current administration, although she has yet to outline specific policy directions. This shift in stance could signal a new chapter for the Democratic party, traditionally seen as less crypto-friendly.
Meanwhile, Donald Trump has fully embraced the crypto community, a sharp contrast to his stance back in 2019 when he publicly denounced digital currencies. Now, Trump envisions the U.S. as the "crypto capital of the planet" and a global Bitcoin stronghold. His campaign is even accepting Bitcoin donations and selling $NFT-based trading cards. Trumpโs policy proposals include ambitious initiatives such as maintaining a significant federal Bitcoin reserve, establishing a "crypto advisory council" led by industry experts, and preventing the Federal Reserve from launching a central bank digital currency (CBDC).
With the stakes high, the crypto sector is watching closely as candidates like Harris and Trump shape their positions. Crypto firms have already invested over $119 million in lobbying efforts for federal elections. As Harris's position on crypto takes shape, the question looms: will her more open stance be enough to win over crypto enthusiasts, or will Trumpโs ardent pro-crypto agenda capture the crowd? Only time will reveal which approach resonates more with the crypto world.
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