Kamala Harris finally spoke about cryptocurrency. Is it about time? At a fundraising event in New York City, the Vice President made it clear that if she becomes president, she would support investment in artificial intelligence (AI) and cryptocurrency.
Investors and the entire community have felt stifled under the Biden administration and have been expecting this approval from Kamala for months.
âWe will bring together workers, small business founders, innovators and big companies. We will work together to invest in Americaâs competitiveness, invest in Americaâs future. We will encourage innovative technologies like AI and digital assets, while protecting our consumers and investors.â
â Kamala Harris.
Many are wondering whether this approach is any different than Biden's, and that's the important point here.
Now, let's not forget Donald Trump. The former president went all out, pledging to fire SEC Chairman Gary Gensler, who the industry really doesn't like.
Last week, Trump paid for a burger with Bitcoin at a crypto-themed bar in New York City. Before Biden dropped out, Trump said he would create a crypto army to fight him.
Kamala's economic proposals are aimed squarely at voters struggling with high prices.
This is a political nightmare for the Biden administration, so it makes sense that she would focus on tax cuts and programs for low- and middle-income households. She said:
âWe will create a safe business environment with consistent and transparent rules. We will invest in semiconductors, clean energy and other industries of the future, and we will cut unnecessary red tape.â
The event raised a record $27 million, making it the largest single fundraiser since she clinched the Democratic nomination. Tickets ranged from $500 to nearly $1 million.
If you pay a lot, you get a photo with Kamala and two other events. A "Liberty Lunch" and a reception for the top contributors.
Big Democratic names like Gov. Kathy Hochul, Senate Majority Leader Chuck Schumer and celebrities like Anne Hathaway, Whoopi Goldberg and Billy Porter showed up.
The event was billed as the last chance to see Kamala in New York before the November election, and surprisingly, everyone showed up with open wallets.
The Democrats are flush with money right now. Kamala, the Democratic National Committee and state parties raised $361 million in August alone.
Compare that to the $130 million Trump raised from the Republican National Committee during the same period, and you'll see why Kamala has a solid financial advantage.
As of September, Kamala and her party had $404 million in the bank, compared to $295 million for Trump and the Republicans.
Ripple CEO Brad Garlinghouse and other industry elites have advised Kamala to stay away from the anti-crypto movement that many associate with the DNC.
Brad wants Kamala to outline a clear and supportive cryptocurrency policy.
Polling data shows a tight race. On NBC News, Kamala leads with 49% to Trump's 44%, a slim 5-point margin.
But it's so close that it can go either way.
One thing working in Kamala's favor is her growing popularity. Her approval rating has increased 16 points since July, the biggest increase in an NBC News poll since George W. Bush's post-9/11 run.
But Trump still leads in certain areas. Like on economic issues, where he is seen as stronger, especially when it comes to inflation and border control.
