Upon becoming office, Kamala Harris has promised to back artificial intelligence and cryptocurrency.

On Sunday, Kamala Harris addressed the cryptocurrency business for the first time in public.

During a fundraiser in New York City, she pledged to support cutting-edge tech like cryptocurrency and artificial intelligence (AI) if elected.

Kamala Harris publicly addressed the cryptocurrency market and artificial intelligence (AI) in her economic outlook for the United States yesterday, September 22.

At a New York City fundraising event, she laid out her economic platform, promising to increase funding for artificial intelligence and digital assets while enacting new rules to safeguard investors and consumers in the event that she is elected president of the United States.

Harris Suggests Putting Money Into Crypto and AI
"Kamala Harris promised to bring together labor, small business founders and innovators, along with major companies," said the Singaporean financial journal, The company Times.

Harris highlighted her support for investing in America's competitiveness and future at a fundraising event at Cipriani Wall Street in Manhattan.

She allegedly promised to safeguard American investors and consumers while promoting cutting-edge innovation like artificial intelligence and digital assets.

As the US presidential election of 2024 approaches, the cryptocurrency market is sure to be in the spotlight, thanks to Donald Trump's vocal endorsement of the sector.

Harris has spoken out on the cryptocurrency business for the first time with her remarks, giving fans a better idea of her possible strategy and general stance on digital assets.

Potential Election Results Weighed By VanEck Analysts
Matthew Sigel and Nathan Frankovitz of VanEck recently analyzed the 2024 US elections and came to the conclusion that crypto might have a "mixed bag" of results.

What VanEck has to say about the potential outcomes for the digital asset business is intriguing.

While both Trump and Harris are positive on Bitcoin, digital asset investment expert Nathan Frankowitz and head of digital assets research Matthew Sigel pointed out that the market ramifications of their bullish and bearish sentiments are more complex.

They claim that fiscal expenditure will be maintained or perhaps accelerated by both regimes. If anti-business measures make the situation worse, this may lead to additional quantitative easing.

VanEck thinks that institutional adoption of cryptocurrency would be reduced if Senator Harris kept SEC Chair Gary Gensler, whom Trump had threatened to dismiss, and if her fiscal policy mirrored that of Senator Elizabeth Warren, which emphasized more regulation.

The Effect of the Trump Administration on Bitcoin and the Crypto Industry (Harris v. Trump)
In terms of Bitcoin specifically, VanEck thinks that a second Trump term will slow down the several underlying structural flaws that propel Bitcoin adoption, but a Harris administration would be better for the currency.

Bitcoin is likely to outperform other digital assets under a Harris government due to its distinct regulatory clarity.

But overall, the cryptocurrency sector would do better under Trump's administration because of the increased likelihood of deregulation and pro-business measures.

According to VanEck, the US government's expanding budget deficits and national debt will probably persist after the election.

A further depreciation of the US dollar—a macroeconomic setting in which Bitcoin has always flourished—would be the ultimate outcome.

Additionally, they brought up the fact that beginning in 2020, the US Federal Reserve will begin its money creation frenzy, and that Bitcoin has maintained a consistently negative correlation with the US dollar.

We have already shown that the 2020 pandemic, when the Fed lowered rates in response, caused a BTC rise from 2020 to 2022, the year in which the influence of US rate reduction on Bitcoin's price was the most significant.

Harris' Economic Agenda
According to Reuters, a news agency, Harris is expected to unveil fresh economic suggestions about the generation of wealth in the United States this week.

They pointed out, based on reliable sources, that the US Vice President is expected to unveil new economic policies and business incentives this week with the purpose of assisting Americans in building wealth.

Reuters claims that Harris confirmed to them that she will give a speech outlining her economic agenda this week.

Harris demanded that businesses reveal their gender pay disparity and punished those who did not reduce it as part of her 2020 campaign platform, which included massive wage increases for millions of public school teachers.

Reportedly speaking with Reuters, campaign spokesperson James Singer said that Harris would persist in presenting her opportunity economy platform to guarantee economic development, decrease prices, and increase the affordability of homes.

#Kamala #TrumpFirstBTCUse #BTCReboundsAfterFOMC FOMC $BTC

CHICAGO, Aug 22 - Vice President #Kamala Harris will make the most important speech of her political life on Thursday when she accepts the Democratic Party's nomination for president a month after the party forced President Joe Biden to exit the race.
Harris' own presidential ambitions were always clear, but had been undermined by her own shaky 2020 campaign and bumpy vice presidential term. Since being thrust to the top of the ticket, she has tightened the race against Republican Donald Trump.
Her forceful stump speeches have been met by a surge in enthusiasm from voters. If Harris wins on Nov. 5, she will be the first Black, South Asian woman elected president.
In her speech Harris, 59, plans to talk about her life as the daughter of a Jamaican father and Indian mother and lay out her plans to tackle rising costs and advance personal freedoms, including abortion rights, aides said.
They said she will also deliver a robust denunciation of former President Trump.
There is a guy who wants to divide us, and she will make the case that we simply cannot let that happen, that this is America and everybody can rise together," Cedric Richmond, campaign co-chair and longtime adviser to Harris, told Reuters.
Convention delegates got a preview on Monday, the convention's first night, when Harris unexpectedly walked out on stage to the tune of Beyonce's "Freedom."
"This November we will come together and declare with one voice as one people: We are moving forward," she said.
Whether Beyonce will appear on stage on Thursday is a matter of speculation in convention hallways. The campaign declined to comment.
RACE REMAINS TIGHT
Harris has raised a record-breaking $500 million in a month and has narrowed the gap or taken the lead against Trump in many opinion polls of battleground states. Nationwide, she leads Trump 46.6% to 43.8%, according to a compilation of polls by FiveThirtyEight.
But the founder of the main outside spending group backing Harris' campaign has warned that its private polling is less "rosy" than public polls suggest.

#MtGoxRepayments #BinanceLaunchpoolDOGS #Polymarket #LowestCPI2021

While the "Crypto4Harris" campaign has been working hard to position Vice President Kamala Harris as a pro-crypto candidate, her recent policy decisions show no support for the cryptocurrency industry. Despite efforts to appeal to the crypto community, Harris's latest announcements make no mention of cryptocurrency. Meanwhile, New York Senator Chuck Schumer, who had previously promised crypto legislation by the end of the year, has backtracked on that commitment.
Crypto Legislation Takes a Back Seat
Fox Business journalist Eleanor Terrett reported that Senator Chuck Schumer, who had earlier pledged to introduce U.S. crypto legislation by year-end, has now deprioritized the issue. In a letter to Senate colleagues, Schumer made no mention of crypto legislation as a priority for the remaining months of Congress. This marks a stark departure from his previous statements, where he emphasized the importance of U.S. leadership in regulating cryptocurrencies.
During an August "Crypto for Harris" town hall meeting, Schumer warned, "We cannot afford to continue to sit on the sidelines, because then we risk crypto going overseas to lowest common denominator countries where there’ll be no regulation at all, and if we get nothing done, extremists win." He had voiced strong intentions to bring crypto legislation to the U.S. by the end of 2023, but his latest communication instead shifts focus toward artificial intelligence.
Kamala Harris Ignores Crypto in Her Policies
As Donald Trump pushes for pro-crypto policies in his presidential campaign, Kamala Harris's stance remains conspicuously absent. Pro-crypto Democratic figures like billionaire Mark Cuban have rallied around the "Crypto4Harris" campaign, and even Ripple co-founder Chris Larsen, along with 88 other executives, has endorsed Harris. However, despite this support, Harris has not included cryptocurrency in her policy agenda.
Despite accepting crypto donations via Coinbase, as reported by CoinGape last week, Harris's official campaign website has no mention of digital assets, crypto, or blockchain technology. Crypto lawyer MetaLawMan criticized this oversight, calling it a "bluff," and expressed little hope that Harris would change her position on the issue.
Trump Gains Ground as Harris Loses Support
Meanwhile, a New York Times report suggests that Kamala Harris is losing ground to Donald Trump, according to a recent nonpartisan national survey. With Trump taking the lead and actively promoting pro-crypto policies, he is gaining favor among the crypto community, while Harris's lack of engagement with the industry may be costing her support.
As the 2024 U.S. presidential race heats up, the contrast between Trump’s pro-crypto stance and Harris’s indifference could play a crucial role in swaying the growing base of crypto voters.
#crypto #Trump #Kamala

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