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%.
Japan is preparing to reshape its crypto regulations with a fresh proposal that would divide digital assets into two distinct categories—one for business-backed tokens and another for decentralized cryptocurrencies like Bitcoin.
Concerns over the unchecked rise of cryptocurrencies have prompted New York Attorney General Letitia James to call on Congress for immediate intervention.
President Donald Trump has officially reversed a controversial IRS rule that sought to apply traditional tax reporting requirements to decentralized cryptocurrency platforms.
After the departure of Gary Gensler from his role as SEC Chairman, the regulatory agency has taken a noticeably more lenient approach toward the cryptocurrency sector.