Kamala Harris Pledges Investment in Digital Assets as President

In Brief:

Democratic nominee Kamala Harris promises to support digital assets and foster innovation, aiming to create a tech-friendly administration if elected.

Harris's remarks come as prediction markets show her leading Trump, with endorsements from crypto figures like Uniswap's Hayden Adams.

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Kamala Harris Pledges Investment in Digital Assets as President

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Democratic nominee Kamala Harris has made a significant commitment to digital assets, promising to foster innovation and create a tech-friendly environment if elected President. Speaking to donors at a fundraising dinner in New York City, Harris outlined her vision for an "opportunity economy" that supports emerging technologies like artificial intelligence and digital assets.

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Commitment to Innovation and Consumer Protection

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Harris emphasized the importance of collaboration between labor, small businesses, innovators, and major companies to enhance America's competitiveness. She assured supporters that her administration would encourage technological advancements while ensuring consumer and investor protection. "We will create a safe business environment with consistent and transparent rules of the road," Harris stated, according to Bloomberg.

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Uniswap Labs CEO Hayden Adams endorsed Harris's remarks, highlighting the need for a pro-innovation approach. Despite past criticisms of the Biden administration's crypto policies, Adams expressed optimism about Harris's potential to foster progress in the sector.

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Election Dynamics and Crypto Policy

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Harris's comments come amid a closely watched presidential race, with prediction market Polymarket giving her a slight lead over Republican nominee Donald Trump. The former president has actively engaged with the crypto community, using Bitcoin for transactions and promoting a Decentralized Finance project called World Liberty Financial.

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Meanwhile, Anthony Scaramucci, founder of SkyBridge Capital, is collaborating with the Harris campaign to develop crypto policy. Scaramucci, who previously criticized the Democrats' handling of crypto regulation, sees Harris's approach as an opportunity for positive change.

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As the election approaches, Harris's commitment to digital assets signals a potential shift in U.S. crypto policy, with significant implications for the industry.

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