Vice President Kamala Harris, the Democratic candidate for the upcoming presidential election in November, recently spoke at a Wall Street fundraiser where she addressed the cryptocurrency industry for the first time.
She incorporated AI and digital assets into her vision of an ‘opportunity economy.’
Harris shared her plan to foster this economy by uniting labor, small businesses, entrepreneurs, and large corporations. Her goal is to boost U.S. competitiveness by supporting technologies like AI and crypto, while ensuring safeguards for consumers and investors. “We will create a business environment with transparent and consistent regulations,” she said, according to a Bloomberg reporter.
The Manhattan fundraiser, described as Harris’ last public appearance in New York before the election, had ticket prices ranging from $500 to $1 million. Celebrities such as Anne Hathaway, Whoopi Goldberg, and Billy Porter were among those in attendance.
Reuters reported that Harris intends to unveil new economic policies aimed at wealth-building and offering incentives to businesses, though further details remain limited.
Following a recent debate against former President Donald Trump, Harris’ odds have risen in several key swing states, with prediction markets giving her a 52% chance of victory over Trump’s 47%. Meanwhile, Trump has continued his outreach to the crypto community, making appearances at New York’s Bitcoin-themed bar PubKey and promoting his family’s World Liberty Financial project, which has received mixed reactions from the industry.
Cathie Wood’s ARK Invest spent the past week lightening its stake in Circle Internet Group just as the stable-coin issuer’s share price went vertical.
Crypto markets welcomed a major policy breakthrough this week as the U.S. Senate passed the GENIUS Act, a bill designed to regulate stablecoins across the country.
The current trajectory of the crypto market may be unfolding in a way that echoes the early stages of 2017, according to Real Vision CEO Raoul Pal.
Reddit is reportedly in talks to integrate World ID, a biometric identity system developed by Tools for Humanity, the startup backed by OpenAI’s Sam Altman.