According to a recent report from Bloomberg, a policy adviser to Kamala Harris’ campaign has revealed that the vice president will support measures to promote the growth of digital assets.
Harris supports digital asset policy
When asked about their efforts to engage the crypto community, Brian Nelson, the campaign’s senior policy adviser, said, “They’re going to support policies that ensure that emerging technologies and that kind of industry can continue to grow,” during a Bloomberg News roundtable at the Democratic National Convention on Wednesday. “Of course, they’ve indicated that one of the things they need is stable regulations, rules of the road,” Nelson said.
Leading crypto analyst Adam Cochrane emphasized in an X post that “this is the first official statement from the Harris campaign on crypto in any capacity, and it's a positive one. Let's acknowledge that this is a huge step from where we've been in the past and keep pushing.”
US Congressman Wiley Nickel (D-NC) also noted, “I have worked hard to advocate for a crypto reset, and I am excited about this important policy statement.”
More efforts by Democrats to engage
There have been more efforts of engagement from the Democratic side, as U.S. Senate Majority Leader Senator Chuck Schumer participated in a Crypto4Harris event last week, pledging to get cryptocurrency legislation out of the Senate by the end of the year.
Mark Cuban, a noted Bitcoin enthusiast, also stated that Harris' campaign had asked him "several questions" about crypto, describing it as "a good sign."
While Trump has promised to extend expiring tax breaks and impose sweeping tariffs on U.S. allies and competitors, there has been criticism that such a move could only further raise prices and shrink global trade.
Harris' policy rollout
The Democratic nominee began rolling out her policy agenda last week, with a focus on the economy, seen as the central theme of the November election and threatening to become one of her biggest political liabilities.
However, Harris has promised that building the middle class will be the main focus of her presidency if elected, and that higher taxes on corporations and high-income earners will offset the costs of her new proposals.
Notably, Harris supports raising the U.S. corporate tax rate from 21% to 28%, in line with Biden’s recent budget proposal. Trump, in office, cut the corporate tax rate from 35% to 21% and has proposed cutting it even further.
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