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%.
Kazakhstan is taking a major step toward integrating digital assets into its national financial strategy, with plans to establish a state-managed crypto-reserve.
Bitvavo, Europe’s largest euro-denominated spot crypto exchange, has officially received a MiCA license from the Dutch Authority for the Financial Markets (AFM), allowing the firm to operate across all 27 European Union member states.
In just two months, crypto tax platform CoinLedger observed a staggering 700% surge in the number of U.S. users receiving IRS warning letters, signaling a sharp escalation in federal tax enforcement targeting digital asset holders.
Ripple CEO Brad Garlinghouse announced Friday that the company is officially dropping its cross-appeal in its long-running legal battle with the U.S. Securities and Exchange Commission (SEC), signaling a final move toward ending the years-long case.