Kamala Harris, the Democratic contender for the 2024 presidential election, has committed to promoting the artificial intelligence and crypto industries, representing her initial substantial endorsement of crypto during her campaign.
Harris underscored the significance of investing in America’s competitiveness and promoting breakthrough technologies such as AI and digital assets, while safeguarding consumers and investors.
This commitment has garnered backing from prominent individuals in the crypto sector, including Chris Larsen, co-founder of Ripple, who commended her emphasis on technological advancement.
Ripple CEO Brad Garlinghouse noted that although Republicans have historically been more favorable towards the crypto business, Democrats such as Harris are increasingly acknowledging the significance of digital assets in sustaining the United States’ technological supremacy.
Donald Trump, the Republican nominee, has interacted with the cryptocurrency industry, pledging to replace SEC Chair Gary Gensler with pro-crypto regulators and establish a stablecoin framework.
Prediction markets indicate that Harris possesses a marginal advantage against Trump, with 52% compared to his 47%. The crypto sector’s impact on the election is expanding, as firms such as Coinbase and Ripple allocate over $119 million to endorse pro-crypto candidates and advocate for more definitive laws.
Super PACs financed by cryptocurrency have significantly influenced 42 primary elections, securing victories in 36, highlighting the increasing political might of the industry.
