This is the first time that US presidential candidate Kamala Harris has made positive comments about the cryptocurrency space.
According to Bloomberg, Kamala Harris, the current US Vice President who is running against Donald Trump in this November’s election, has for the first time revealed a positive view of the cryptocurrency industry and the technology being developed.
Specifically, at a campaign fundraising party just held on September 22, US time, Ms. Harris promised to "promote advanced technologies such as artificial intelligence and digital assets while protecting investors and ordinary consumers." The Vice President also promised to create a safe business environment for companies and formulate clear and consistent regulations.
Vice President Harris made her first comments on crypto as the Democratic nominee: “To build an opportunity economy, I will bring together workers, small businesses, founders and innovators, and large corporations. Together, we will invest in American competitiveness and invest in America’s future. We…
— Jennifer Epstein (@jeneps) September 22, 2024
The gathering, held in New York, attracted Wall Street types who paid between $500 and $1 million for the chance to meet Kamala Harris face to face. The vice-president's campaign reportedly received an additional $27 million thanks to the party.
Meanwhile, Reuters reported on September 22 that Kamala Harris' campaign team is about to announce a new economic development strategy with the goal of helping Americans get rich and supporting business development.
It can be seen that this is the first time that Ms. Kamala Harris has mentioned crypto and digital assets, but she did not go into much detail. This is in stark contrast to his opponent, Donald Trump, who has turned crypto into one of his "main weapons" to attract the cryptocurrency investment community since May 2024, and has made remarks such as becoming the "cryptocurrency president" and making the United States the "cryptocurrency capital of the world", ensuring the development of the cryptocurrency industry in the United States through protective measures, and fired SEC Chairman Gary Gensler and reformed the agency after years of industry suppression.
Not only that, Mr. Trump also mentioned the possibility of setting up a Bitcoin reserve fund for the United States, using the amount of Bitcoin confiscated by the US Department of Justice as evidence to switch to long-term holdings rather than holding Bitcoin due to regular liquidation sales. The former president also conducted many interactive activities with the crypto investment community, such as the first purchase with Bitcoin, the release of his fourth NFT series, and supporting his sons in promoting "self-made" DeFi projects.
This is the latest development in the increasingly climaxing White House race. Recently, the two candidates, Trump and Harris, had a 1:1 debate, and the two proposed the policies they would lead the United States in the next four years if elected. Although the topic of cryptocurrencies has received a lot of attention, it was not mentioned for the first time in that debate. Analysts believe that Trump was somewhat overwhelmed in the debate because he could not match Ms. Harris's fluent response, causing many meme coins that followed him to immediately lose value afterwards.
According to data from prediction market platform Polymarket, support for Ms Harris to win the election has risen to 52%, while support for Mr Trump has fallen to 47%. This is a significant change since the end of the debate, when the market was still wondering who had the best chance of becoming the next US president. This is also Ms Harris's highest support rate on Polymarket. The total market value of predicting the 2024 US presidential election is currently approaching a record 1 billion magnesium.
