VP Harris pledges pro-crypto policies for Black investors

US Vice President Kamala Harris has released a plan to support black men through friendly cryptocurrency regulations.

Dubbed the “Opportunity Agenda for Black Men,” Harris’ campaign team said the Democratic presidential candidate plans to support digital asset policies that protect Black crypto investors. According to a document published on October 14, more than 20% of Black Americans either own or have owned cryptocurrency.

As part of her commitment to “protecting crypto assets,” Harris said new technologies like blockchain could expand black men’s access to banking and capital raising opportunities.

It will ensure that digital asset holders and investors benefit from a regulatory framework for the protection of black men and others participating in this market.

Kamala Harris campaign team

Kamala Harris’ agenda joins a growing list of crypto-focused campaign moves in the weeks before the US presidential election in November.

In September, the Harris-Walz ticket pledged to balance investor protection with support for innovative industries such as cryptocurrencies. The 80-page economic plan also mentioned supporting artificial intelligence, an ecosystem where many digital assets intersect.

Although digital assets have not been a topic of conversation during candidate debates, cryptocurrencies have been a recurring topic during the 2024 presidential campaign trail.

Harris’ rival and former US president Donald Trump has vowed to support Bitcoin and Bitcoin mining in America. Trump’s proposed plans include a national Bitcoin reserve and regulatory frameworks to position the US as the crypto capital of the world.

The Republican presidential candidate also launched a decentralized finance project known as World Liberty Financial. WLFI claimed to have whitelisted more than 100,000 accredited investors and is planning a public token sale this week.

While Harris’ agenda received mixed reactions from industry advocates, crypto researcher and skeptic Molly White argued that voters’ interest in digital assets may have been misinterpreted. White cited a Paradigm survey of Democratic voters that suggested most Black Americans do not see crypto as a plus for the U.S. economy.

It’s imperative to be skeptical of industry-funded surveys and really dig deep into the data rather than accepting their summaries at face value.https://t.co/JT2Ye1rqsw

— Molly White (@molly0xFFF) 14 October 2024