Kamala Harris Signals Shift in Crypto Policy at Wall Street Fundraiser

Sep 22, 2024, 09:02 PM

Vice President Kamala Harris has made her first public statements on cryptocurrency, signaling a shift in her campaign's stance towards digital assets. During Biden's campaign, Democrats pivoted towards crypto to avoid it becoming a partisan wedge issue. Speaking at a Wall Street fundraiser, Harris expressed support for innovative technologies like digital assets, emphasizing the need to balance innovation with consumer protection and setting consistent and transparent rules of the road. This marks a departure from previous Democratic positions, which were more cautious about crypto. Harris's comments align her with other political figures acknowledging the importance of setting clear regulatory frameworks for the industry. Her statements have been seen as a positive signal by the crypto community, indicating a more supportive stance towards the sector. However, some believe that repealing Biden's veto of Sab 121 accounting rules would show stronger support.