US Vice President Kamala Harris has pledged to support a regulatory framework for cryptocurrencies that would protect black men who invest in digital assets.
The initiative will be implemented as part of the "Black Male Opportunity Program" aimed at helping them accumulate wealth. According to the US presidential candidate's plan, more than 20% of black Americans own or have owned cryptocurrency in the past.
"Vice President Harris values the ways in which new technologies can expand access to banking and financial services. She will ensure that digital asset owners and investors benefit from the regulatory framework and that participants in this market are protected," the campaign plan says.
The vice president's team plans to provide $1 million in forgivable loans of up to $20,000 to black entrepreneurs looking to start their own businesses, as well as launch a health care initiative and legalize recreational marijuana.
This isn’t Harris’s first comment on cryptocurrencies. In September, she said that if elected US president, she would “encourage innovative technologies like AI and digital assets while protecting consumers and investors.”
Later on the evening of October 14, Harris gave a campaign speech touting her opportunity agenda without providing details about what it would mean for digital assets. There was no mention of cryptocurrencies or blockchain technology.
In July, fellow US presidential candidate Donald Trump promised to end the war on the new asset class and turn the US into the crypto capital of the world if elected president.
Let us recall that on the night of September 11, the debate between Harris and Trump ended without discussing the topic of cryptocurrencies.
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