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If Kamala Harris is elected president in 2024, her cryptocurrency proposals could redefine the United States' role in the field. She appears to want to balance innovation and regulation to make the country a leading player in blockchain, while ensuring user security.
1. Promote a Pro-Crypto Regulatory Framework 📝🏦
Harris has expressed a desire to simplify cryptocurrency regulation to encourage innovation without stifling business growth. She plans to:
Define clear rules for crypto companies, to avoid confusion and fear among investors and developers.
Work with federal agencies to harmonize laws across states, making it easier for crypto businesses to operate across the country.
🔹 Potential impact: Greater clarity could attract more investment into the sector, solidifying the United States’ position as the center of global blockchain.
2. Support Blockchain Education and Innovation 📚💻
Harris also proposes to support blockchain-related educational initiatives in universities and research centers. Its goal is to:
Train experts capable of strengthening the blockchain industry, with specific skills in security, decentralized finance, and regulation.
Supporting innovative small businesses in the crypto space, helping them access funding and technology resources.
🔹 Potential impact: Young talents could be encouraged to enter the industry, leading to accelerated development of new blockchain applications in the United States.
3. Strengthen Consumer Protection 🔐🛡️
Harris wants to incorporate protections for cryptocurrency investors by implementing transparency requirements for companies in the sector. She plans to:
The creation of a public registry of crypto companies to ensure that investors can verify the legitimacy of platforms.
Applying strict cybersecurity standards, reducing the risk of hacking or scams.
🔹 Potential impact: Better protection could increase public confidence in crypto, making the investment accessible to a wider population.
Crypto Market Forecast Under Harris 📊📈
If Harris is elected and implements these measures, here are some predictions for the crypto sector in the United States in the coming years:
1. Increase in Crypto Market Capitalization 🌐💸
Currently at $1.4 trillion, the cryptocurrency market cap could reach $2.5 trillion by the end of his term in 2028, due to regulatory stability and increasing adoption.
2. Increased Investments by Financial Institutions 🏛️
With a more secure framework, US financial institutions could invest up to $400 billion in crypto and blockchain, attracting giants like JP Morgan and Goldman Sachs.
3. Development of Blockchain Technology in Strategic Sectors 🔗
Blockchain technologies could become a priority in sectors such as healthcare, transportation and education, with 10,000 new jobs created in these fields by 2028.
Conclusion: A New Breath for Cryptos under Harris 🌍✨
Kamala Harris offers a balanced vision that could transform the U.S. crypto sector. By creating clear rules, supporting innovation, and strengthening consumer protections, her agenda could boost crypto adoption while ensuring stability. The coming months and years could see the United States rise to the forefront of pro-crypto nations, fostering sustainable economic growth in this booming sector.
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