Kamala Harris made statements to support cryptocurrencies, but many people claimed that she didn’t talk directly about cryptocurrencies. Instead, she advocated for the adoption of blockchain technology in the centralized financial system.
Today, we reported that the US Vice President and current top presidential candidate, Kamala Harris, publicly discussed crypto adoption. She promised to push the sector’s growth under a fully supportive environment while ensuring investor protection.
Kamala Harris says “We will collaborate together to invest in America’s competitiveness and its future. We will encourage innovative technologies such as artificial intelligence and digital assets, while at the same time protecting our consumers and investors,” #USA #Crypto
— Bitcoinik (@Bitcoinikdotcom) September 23, 2024
Many noticed that Harris failed to mention words like “Bitcoin” or “cryptocurrencies.” A popular Indian crypto influencer, with expertise in Indian law, pointed out that the Vice President seemed disinterested in supporting Bitcoin and cryptocurrency adoption. Instead, she indirectly supported using blockchain technology in the centralized financial system, such as Central Bank Digital Currency (CBDC), JP Morgan Coin, and Real World Assets (RWA) tokens.
The crypto community is jumping on the fact that Kamala Harris will encourage innovations like AI and Digital Assets.She intentionally avoided using the term "crypto."For her, digital assets mean CDBC, RWA tokens on private blockchains, and the JP Morgan chain.Misleading!
— Kashif Raza (@simplykashif) September 23, 2024
Political pundits believe Harris’s hesitation over the crypto space could have a negative impact in the upcoming election. Meanwhile, Donald Trump is taking a more aggressive stance in promoting crypto.
Today, Trump, Kamala Harris’s biggest rival in the upcoming presidential election, highlighted the potential of the crypto sector, suggesting it could help pay off the $35 trillion national debt.
BREAKING: 🇺🇸 DONALD TRUMP says, “crypto has got a great future. Maybe we will pay off the $35 trillion in crypto." pic.twitter.com/hCDeTpVcum
— Radar🚨 (@RadarHits) September 23, 2024
Over the past few years, Trump has engaged deeply with the crypto sector, gaining significant support from the crypto investor community. His pro-crypto stance contrasts sharply with the Biden administration’s stricter regulatory approach, positioning him as a major figure in the race for crypto supporters.
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The current trading price of Bitcoin (BTC) is $63,236, reflecting a 0.84% increase over the last 24-hour period. Notably, the price of Bitcoin surged by 8.2% in the last 7 days, indicating growing bullish sentiment.
Read also: US Vice President Kamala Harris Addresses Crypto Adoption for the First Time, Promises Clear and Transparent Regulations