U.S. Vice President Kamala Harris has introduced a new economic plan focusing on cryptocurrency regulation and support for digital assets as she prepares for the upcoming elections, where pro-crypto Republican Donald Trump is leading in the polls.
Her proposals aim to enhance economic opportunities for Black men, including advocating for recreational marijuana legalization and providing one million forgivable loans of up to $20,000 to Black entrepreneurs.
Additionally, she pledged to improve access to the cryptocurrency market for Black Americans by supporting a regulatory framework to ensure greater investment certainty for the 20% of Black Americans involved in digital assets.
Despite Harris’s stronger popularity among Black voters compared to President Biden, her lead remains narrow, and Trump’s chances have surged by about 10% since early October.
Chris Larsen, co-founder of Ripple, has endorsed her with a $1 million donation in XRP to her campaign. As it stands, Trump holds a 53.8% winning probability, while Harris sits at 45.5%.
Switzerland is gearing up to begin automatic crypto asset data sharing with over 70 countries, including all EU member states and the UK, as part of a broader push toward international tax transparency.
As the European Union prepares for its next phase of crypto oversight, regulators are turning their attention to decentralized finance (DeFi)—without a clear definition of what decentralization actually means.
In a surprising shift, Russia has shelved plans to widen its crackdown on crypto mining, choosing economic stability over stricter energy controls.
Retail investors in the UK may soon gain access to crypto exchange-traded notes (ETNs), as the Financial Conduct Authority weighs reversing a three-year ban.