🌎 Kamala Harris Unveils Crypto Plan to Support Black Men

U.S. Vice President Kamala Harris has unveiled a plan aimed at supporting Black men through favorable cryptocurrency regulations.

Opportunity Agenda for Black Men

Named the “Opportunity Agenda for Black Men,” Harris’ campaign team announced that the Democratic presidential candidate aims to promote digital asset policies that safeguard Black crypto investors. According to an October 14 document, over 20% of Black Americans either own or have owned cryptocurrencies.

Expanding Access Through Blockchain

Harris highlighted that new technologies like blockchain could enhance access to banking and capital-raising opportunities for Black men. She emphasized her commitment to “protect crypto assets” and ensure that owners and investors in digital assets benefit from a robust regulatory framework.

She will make sure owners of and investors in digital assets benefit from a regulatory framework so that Black men and others who participate in this market are protected.

— Kamala Harris campaign team

Crypto-Focused Campaign Moves

The Kamala Harris agenda adds to a growing list of crypto-focused campaign initiatives just weeks before the U.S. presidential elections in November.

Balancing Innovation and Protection

In September, the Harris-Walz ticket pledged to balance investor protection with support for innovative industries like cryptocurrencies. The 80-page economic plan also includes backing for artificial intelligence, an ecosystem closely linked with digital assets.

Cryptocurrencies in the 2024 Campaign

Cryptocurrencies have been a recurring topic during the 2024 presidential campaign, even though digital assets were not highlighted during candidate debates.

Trump’s Crypto Stance

Harris’ opponent, former U.S. President Donald Trump, has pledged to support Bitcoin and Bitcoin mining in the U.S. His proposed plans feature a national Bitcoin reserve and regulatory frameworks to establish the U.S. as the world’s crypto capital.

World Liberty Financial

The Republican presidential candidate also introduced a decentralized finance project known as World Liberty Financial. WLFI claimed to have whitelisted over 100,000 accredited investors and scheduled a public token sale this week.

Industry Reactions

Harris’ agenda has received mixed reactions from industry experts. Crypto researcher and skeptic Molly White argued that voter interest in digital assets might have been overstated. White referred to a Paradigm survey of Democratic voters, suggesting that most Black Americans do not view crypto as a significant benefit to the U.S. economy.