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%.
The White House is reportedly fast-tracking crypto regulation efforts, with President Donald Trump expected to sign a sweeping legislative package on digital assets before Congress breaks for summer recess in August.
Arizona’s latest attempt to integrate digital assets into its public finance system faced a mixed outcome this week.
Bitcoin may already be catching the attention of the world’s largest state-backed investors, but according to SkyBridge Capital’s Anthony Scaramucci, the real floodgates won’t open until Washington provides regulatory certainty.
The United Kingdom is laying the groundwork for what could become one of the world’s most comprehensive crypto regulatory regimes.