Vice President Kamala Harris Signals Support for Crypto and AI Industries in Campaign Fundraiser

Will Kamala Harris Sideline Senator Warren to Protect Crypto Industry?

Harris' pro-crypto remarks have set her in opposition to Senator Warren, a staunch crypto critic. During the recent fundraiser at Cipriani Wall Street in Manhattan on Sunday, US Presidential nominee Kamala Harris vowed to grow investments in the crypto industry if elected. This is probably the first pro-crypto statement from Harris in this election campaign as her Democratic colleagues like Senator Warren continue to work on stifling crypto innovation. While pitching her economic agenda to donors in New York City on Sunday, September 22, Kamala Harris has vowed to boost investments in artificial intelligence (AI) and crypto if elected to power at the White House. He also added that her economic agenda would help boost innovation along with focused regulations thereby protecting investors and consumers. As per the Bloomberg report, Harris said: "I will bring together labor, small business founders and innovators and major companies. We will partner together to invest in America's competitiveness, to invest in America's future. We will encourage innovative technologies like AI and digital assets, while protecting our consumers and investors." The US Vice President is also getting major support from crypto industry players with Anthony Scaramucci working on her crypto policies. However, unlike her opponent, Kamala Harris hasn't walked the talk when it comes to showing support for crypto. ETF Store President Nate Geraci stated that empty promises won't do much of a difference. Instead, actions would help! Massachusetts Senator Elizabeth Warren has been working to throttle innovation in the crypto industry by targeting crypto-friendly banks. Crypto industry veterans also hold her responsible for the Silvergate Bank bankruptcy filed last week adding that how she's lobbying for big market players. they also believe that Senator Warren has been the architect of Operation Choke Point 2.0 under the Biden administration. Custodia Bank CEO Caitlin Long also wrote that he Warren faction within federal agencies attempted to shut down all crypto-focused banks. Every crypto-native bank on the list has either been closed or "voluntarily" scaled back, except for Custodia Bank. Custodia has survived and continues to fight. Interstingly, it will be crucial to see whether Kamala Harris can take the batton and sideline Senator Warren with he anti-crypto agenda. Coinbase chief policy officer Faryar Shirzad said: "In DC, Presidents send signals for good or for bad. Joe Biden, let it be known that Senator Warren controlled fin reg, so we had a mindless and destructive multi-year war against US innovation. Kamala Harris going out of her way to mention crypto should send a clear message that the Biden/Warren era of destruction is over. We should press for more, but her statement today means a lot and we should recognize that". XRP lawyer John Deaton, the Reublican nominee from Massdachutes is all set to take Elizabeth Warren in the upcoming presidential election. The first Deaton vs Warren debate will happen on October 15.

Kamala Harris Courts AI, Crypto Industries During Fundraising Event in New York - Decrypt

U.S. Vice President Kamala Harris has promised to promote the growth of crypto if she wins the presidency, marking the first time the Democratic nominee has addressed the industry publicly on the campaign trail. Speaking to donors at a high-profile fundraiser in New York City on Sunday, Harris outlined her economic agenda, emphasizing innovation and job creation through emerging technologies, Bloomberg reported. "I will bring together labor, small business founders and innovators, and major companies," Harris reportedly said. "We will partner together to invest in America's competitiveness, to invest in America's future. We will encourage innovative technologies like AI and digital assets while protecting our consumers and investors." Investors and executives in the crypto industry have become outsized players in the 2024 race, making significant political contributions in the hopes of reshaping the regulatory landscape. Her Republican opponent, former President Donald Trump, has also sought to attract support from the crypto industry, albeit much more aggressively. Trump has openly criticized current regulations, pledging to dismiss Securities and Exchange Commission Chairman Gary Gensler and roll out a framework for stablecoins. He has also vowed to broaden the U.S.'s leadership in crypto while pledging to defend Americans' "right to mine Bitcoin." On Sunday, Harris, meanwhile, offered broader economic proposals, including investments in sectors like semiconductors and clean energy, as part of her "opportunity economy" platform. She vowed to streamline regulations and cut bureaucracy to create a business-friendly environment, per the report. "We still don't know yet how Harris would approach crypto," Oliver Linch, CEO of Bittrex Global and head of future markets unit for the Adam Smith Institute -- a U.K.-based policy think tank -- told Decrypt. "As we get closer to election day, the assumption has to be that Harris will broadly continue the policies of the current administration. I think it's highly unlikely she'll remove Gensler -- he's done too good a job of convincing people he's the right person for the position. On the other hand, there certainly are Democrats emerging as pro-crypto, even in somewhat unexpected corners, such as former Speaker Nancy Pelosi. Everyone loves a big Democrat v Republican narrative, because it's nice and easy, and plays to the crowd. But actually I don't think it's as clean-cut as many people think it is," Linch said. Sunday's fundraiser drew high-profile Democratic officials such as New York Governor Kathy Hochul and Senate Majority Leader Chuck Schumer, alongside celebrities Anne Hathaway and Billy Porter. Tickets ranged from $500 to $1 million, boosting Harris' already substantial fundraising efforts. The event added to the vice president's financial advantage over Trump, with her campaign, the Democratic National Committee and state parties raising $361 million in August, far surpassing the $130 million raised by Trump and Republicans in the same period.

Kamala Harris said she would boost AI and crypto during a $27 million New York fundraiser

Vice President Kamala Harris on Sunday said she would boost investments in artificial intelligence and cryptocurrency. "I will bring together labor, small business founders and innovators and major companies," she said in remarks reported by Bloomberg. "We will partner together to invest in America's competitiveness, to invest in America's future." "We will encourage innovative technologies like AI and digital assets while protecting our consumers and investors," she added during the event at Cipriani Wall Street in New York City, which raised $27 million. It's the first time Harris has openly commented on cryptocurrency as a presidential candidate. Harris' allies, including billionaire investor Mark Cuban, have said that her campaign has been interested in learning about AI and crypto, and that a Harris administration would be open to supporting those industries. Harris, who has focused her economic promises more toward supporting low-income or middle-income families, also provided some insight into her view on business in an "opportunity economy." "We will create a safe business environment with consistent and transparent rules of the road," Harris said. She also pledged to "invest in semiconductors, clean energy and other industries of the future" and slash "needless bureaucracy." As vice president, Harris cast the tie-breaking vote in the Senate on President Joe Biden's Inflation Reduction Act, which provides $369 billion in tax breaks and subsidies for clean energy. Her comments come as her rival, former President Donald Trump, has openly embraced the industry. He has dubbed himself the "crypto candidate" and courted some in Silicon Valley, like Tesla (TSLA) CEO Elon Musk and the founders of Andreessen Horowitz. The Republican presidential nominee has called for a strategic national Bitcoin reserve, declared that all Bitcoin should be mined in the U.S., launched his fourth collection of non-fungible tokens, and vowed to fire Securities and Exchange Commission Chair Gary Gensler. His sons, each apparent crypto enthusiasts, have launched their own decentralized finance project, although details are still somewhat scarce. "Crypto is one of those things we have to do," Trump said on a two-hour livestream hosted on X (META) , formerly Twitter, last week. "Whether we like it or not, I have to do it." Although crypto isn't expected to be a deciding factor in how many Americans vote in an election defined by concerns about the economy, immigration, abortion, and global conflict, the industry has been dropping a lot of cash on the race. The crypto lobby has spent $119 million to influence federal elections in 2024, much of it through the Fairshake political action committee, which received cash from Ripple, Coinbase (COIN), and Andreessen Horowitz.

Kamala Harris Finally Mentions Crypto And That Too On Wall Street: Promises To Encourage 'Innovative Technologies' Like Digital Assets

Democratic presidential candidate Kamala Harris formally referenced cryptocurrency for the first time during her election campaign, promising to safeguard the industry's interests. What happened: During a fundraiser at Cipriani Wall Street in Manhattan, the incumbent vice president marketed her pro-emerging technology agenda, Bloomberg reported Sunday. "We will partner together to invest in America's competitiveness, to invest in America's future. We will encourage innovative technologies like AI and digital assets, while protecting our consumers and investors," Harris said. The first public mention of cryptocurrency elicited cheers from Harris campaign supporters. Rep. Wiley Nickel (D-N.C.) dubbed it a "huge" policy development and a significant reset on her positions on cryptocurrencies and blockchains. Anthony Scaramucci, CEO of investment firm SkyBridge Capital, said, "Kamala means Bitcoin BTC/USD in every language." See Also: Bitcoin's Reserve Asset Appeal Increased Due To State Of US Federal Deficit And Debt, Says BlackRock: A Hedge Against 'Possible Future Events' Affecting The Dollar Why It Matters: Cryptocurrency has emerged as a significant election issue this year, with one survey indicating that one-third of voters will consider a candidate's stance on digital assets before making their political choices. Former President Donald Trump has taken the lead in courting the expanding population, and the Republican contender even launched a cryptocurrency project right before the November elections. Until the latest acknowledgment, Harris's stance on cryptocurrencies was unclear, though advocacy groups like "Crypto for Harris" have been trying to muster support for her and counterbalance Trump's campaign. Price Action: At the time of writing, Bitcoin was exchanging hands at $63,887.21, up 1.07% in the last 24 hours, according to data from Benzinga Pro. Image via Wikimedia Commons Did You Know? Congress Is Making Huge Investments. Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool Market News and Data brought to you by Benzinga APIs

Kamala Harris' First Public Mention Of Cryptocurrencies On Campaign Trail Sparks Excitement Among Enthusiasts: 'This Is Progress And Progress Is Good...'

After weeks of uncertainty, Democratic presidential hopeful Kamala Harris finally put her cryptocurrency cards on the table, eliciting mixed reactions from industry observers. What happened: At a fundraising event at Wall Street, the vice president vowed to protect the interests of emerging technologies like artificial intelligence and digital assets. Harris' first-ever public mention of cryptocurrencies on the campaign trail got enthusiasts excited, especially the ones favoring her in the election Anthony Scaramucci, CEO of investment firm SkyBridge Capital, said, "Kamala means Bitcoin BTC/USD in every language." Another prominent market observer and founder of venture fund Cinneamhain Ventures, Adam Cochran, said Harris proved naysayers wrong with her "pro-digital assets" remark. That said, neutral observers also welcomed Harris' crypto-friendly remark. Coinbase's Chief Policy Officer Faryar Shirzad dubbed the statement "important and constructive." "We should press for more, but her statement today means a lot and we should recognize that," the executive noted. Jake Chervinsky, Chief Legal Officer at Variant Fund, said, "This is progress and progress is good," although he wanted to know more about her policy. See Also: Bitcoin's Reserve Asset Appeal Increased Due To State Of US Federal Deficit And Debt, Says BlackRock: A Hedge Against 'Possible Future Events' Affecting The Dollar However, not everyone was convinced. Pierre Rochard, VP of Research at Riot Platforms, said that Harris was "fully aligned" with anti-cryptocurrency crusader Senator Elizabeth Warren (D-Mass.) on pushing central bank digital currencies and shadow-banning Bitcoin. Additionally, Ryan Selkis, the founder of on-chain analytics firm Messari, also known for his pro-Trump statements, outrightly dismissed Harris' overture. Price Action: Bitcoin rallied sharply since Harris' remarks, climbing as high as $64,660 before relinquishing gains to trade at $63,539.22 as of this writing, according to data from Benzinga Pro. Check This Out: Lawmakers Made Huge Investments This Year. Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool Photo created using Shutterstock and Midjourney. Market News and Data brought to you by Benzinga APIs

Kamala Harris Signals Strong Support for Crypto Investments: What's Next for the Industry?

US VP takes a stand, aiming to increase digital assets' potential. US Vice President Kamala Harris, the future Democratic Party US presidential candidate, pledged to come forward to secure protection for investments channeled into new technologies like cryptocurrencies. In remarks at a fundraiser in Manhattan, she discussed her efforts to safeguard the interests of the crypto industry in protecting its digital assets. In the Cipriani Wall Street event, Harris was speaking where the historic record of raising US$27 million was made, and she stated that innovation should be pushed in the realms of crypto and AI. Harris also spoke of the need for a stable regulatory environment. Her policy will be to create a "safe business environment." Consistent rules applied towards further innovation are exactly what this implies. "We will invest in semiconductors, clean energy, and other industries of the future, and we will cut needless bureaucracy," she added.

In First, Harris Vows Support For Digital Assets At NYC Fundraiser: Report

Some crypto users doubt that Harris means what she said, given her supposed 'inaction' over the years Vice President and Democratic presidential nominee Kamala Harris has finally, in what is known as her first public statement about cryptocurrencies, said she will "encourage innovative technologies like AI and digital assets while protecting our consumers and investors." Her statement was made during a fundraiser in Manhattan, New York City, Bloomberg reporter Jennifer Epstein revealed Sunday. She said the Democratic frontrunner promised to unite labor, small businesses, founders, innovators, and huge players to "invest in America's competitiveness, to invest in America's future." Multiple crypto players, lawmakers, and tech groups have urged Harris in recent months to establish a forward-facing approach toward digital assets. Since becoming the vice president and ultimately being nominated as the Democratic Party's, she has not publicly addressed the industry, raising doubts about whether she will be good for crypto if elected. A 'Big Deal' For Crypto Harris' first public comments about the burgeoning industry drew mixed reactions from the space, but some key figures have labeled the development as a step in the right direction. Rep. Wiley Nickel, D-N.C., said the vice president's words of assurance were "a big deal for crypto and blockchain technology," noting how a "policy reset that turns the page on (U.S. Securities and Exchange Commission Chair) Gary Gensler's failed approach of regulation by enforcement" will put Harris in line with Democrats who supported the FIT21 bill. The said proposed legislation was overwhelmingly passed by the House of Representatives in May. More than 70 Democrats backed the bill seeking to provide regulatory clarity for the crypto sector. Coinbase Exec Approves 'Constructive' Take Coinbase's Chief Policy Officer Faryar Shirzad shared his thoughts on the development, saying it was "an important constructive statement" from the Democratic presidential candidate. He acknowledged that it was "not nearly as forward leaning" as the "concrete and visionary positions" taken by Republican presidential nominee Donald Trump. Still, he believes it signals that Harris now understands there is a route that both promotes innovation and consumer protection. "Kamala Harris going out of her way to mention crypto should send a clear message that the Biden/Warren era of destruction is over," he reiterated. Acknowledging That Slow Progress is Progress For prominent fintech analyst Adam Cochran, progress has been slow, "but it does move." He said Harris' first formal statement on digital assets proves "that the naysayers who thought it not being in her platform was some evil plan, had no idea what they were talking about." As many crypto users took to the comments section to disagree with Cochran's stance, the investor pointed out how he deems "Harris is far more centrist than people lean on" when it comes to the economy and U.S. monetary and technical supremacy. Is It Too Late? For entrepreneur Michael Rosmer, Harris' statements were only made in an effort to gain more votes. "People need to be much more wary of truth default theory as a cognitive bias," he said. Retired attorney Nuclear Herbs pointed out how Harris is currently in office and has been serving as the top leader for nearly four years, but hasn't done anything in the crypto space. "This post is pure hopium, based on nothing she's done, said, or could have done for almost 4 years," he said of Shirzad's post. There were some crypto users who had more neutral views about Harris, including a Texas attorney who agreed that Harris' words can be considered "progress."

Harris Vows to Grow AI, Crypto Industries in Pitch to NYC Donors

Vice President Kamala Harris vowed to help grow investment in artificial intelligence and crypto if elected, pitching her economic agenda to donors in New York City on Sunday as one that would bolster innovation and focus regulations on protecting consumers and investors. "I will bring together labor, small business founders and innovators and major companies," Harris said at a fundraiser at Cipriani Wall Street in Manhattan. "We will partner together to invest in America's competitiveness, to invest in America's future. We will encourage innovative technologies like AI and digital assets, while protecting our consumers and investors."