US Vice President Kamala Harris has pledged to support regulation of cryptocurrencies and digital assets in her new economic proposal, several new media outlets reported on Monday. This offer comes after the pro-cryptocurrency Republican candidate, Donald Trump, led in the opinion polls against the Democratic candidate.
Harris pledges to legalize weed and support cryptocurrencies
As the November election approaches, US Vice President and Democratic candidate Kamala Harris unveiled a new proposal tailored specifically to black men, providing an outlet for economic security, in an alleged attempt to make the group a “more central part of her campaign.”
like I mentioned By Bloomberg The new policy proposals include a promise to work with the US Congress to legalize recreational marijuana and help ensure Black men are able to create businesses and work in the growing cannabis industry.
Furthermore, Harris pledged to provide 1 million fully forgivable loans of up to $20,000, to Black entrepreneurs who struggle to obtain financing when starting a business. The Democratic nominee also proposed increasing vocational training and job opportunities if elected president.
Among her proposals, the US Vice President promised to enhance the access of black Americans to the cryptocurrency industry. According to the report, Harris pledged to “support the regulatory framework for cryptocurrencies,” adding that her government would give “more investment certainty to the 20% of Black Americans who own — or have owned — digital assets.”
The new economic proposal comes days after some of Harris’ allies, including former US President Barack Obama, expressed concerns about Trump’s efforts to win over black voters.
According to the report, Harris’s popularity among the group is better than President Biden’s popularity before he withdrew from the race. However, the margins are still narrow, which may affect the Democratic candidate’s chances of winning.
Trump takes the lead again
Pro-crypto Republican candidate Donald Trump has recently taken the lead against Harris, according to multiple polls and prediction markets. The US Vice President saw her odds of winning increase by about 4% after the presidential debate between the candidates on September 11, although there was no mention of digital assets.
Republican candidate Donald Trump leads the 2024 Election Forecast. Source: Polymarket
Harris continued to lead Polymarket’s prediction market for about a month as she began her campaign to gain recognition in the cryptocurrency industry. Many industry figures have publicly expressed their support for the Democratic nominee, noting that her victory “cannot have the negative impact” on the sector that some investors believe.
Recently, the Ripple co-founder reaffirmed his support for the US Vice President with a major donation. As reported by Bitcoinist, Chris Larsen sent $1 million worth of XRP to the political action committee (PAC) Future Forward USA, dedicated to supporting Harris’ candidacy.
Larsen’s contribution became the first verified cryptocurrency donation made to the Democratic candidate’s campaign, despite starting accepting them more than a month ago. However, Trump’s chances of winning have increased dramatically in the past week, rising by about 10% since October 4.
As of this writing, the Republican nominee’s odds of winning are 53.8%, while Harris’ odds of winning are 45.5%.
Bitcoin (BTC) is trading at $64,879 in the weekly chart. Source: BTCUSDT on TradingView
Featured image from Unsplash.com, chart from TradingView.com