Kamala Harris Backs Crypto And AI In First Public Comments On Industry

Updated: 23 September 2024

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US Vice President and Democratic candidate for president Kamala Harris made her first public statement on crypto, vowing to encourage investment in both the growing digital asset and artificial intelligence (AI) sectors.

“We will encourage innovative technologies like AI and digital assets, while protecting our consumers and investors,” Harris said at a fundraiser at Cipriani Wall Street in Manhattan, according to a Sept. 22 report by Bloomberg. ”I will bring together labor, small business founders and innovators and major companies. We will partner together to invest in America’s competitiveness, to invest in America’s future.”

Experts See Harris Comments As A Positive Sign

Several industry experts have shared their opinions about Harris’s first comments on crypto since she became the Democratic Party’s presidential candidate.

“This is an important and constructive statement from @KamalaHarris,” said Coinbase’s policy chief Faryar Shirzad in a Sept. 22 X post.

This is an important and constructive statement from @KamalaHarris.

It’s not nearly as forward leaning as the concrete and visionary positions taken by @realDonaldTrump, but it’s still notable because:
– she recognizes digital asset innovation as being important and on par… https://t.co/sIzq06a4lU

— Faryar Shirzad 🛡️ (@faryarshirzad) September 22, 2024

But he went on to say that Harris’s promise to invest in crypto and AI is “not as forward leaning” as the bullish crypto statements that have been made by her Republican rival Donald Trump. Nevertheless, he said it signals that Harris has recognized crypto innovation as “important.”

Alexander Grieve, government affairs vice president at Paradigm, also labeled Harris’s statement as “encouraging.” He added that the outcome of the election will have a positive effect on the nascent crypto industry, because it will finally bring an end to what he calls “the last anti-crypto administration.”

Kamala Harris Builds Polymarket Lead Over Trump

Harris’s odds of winning the election on the decentralized betting platform Polymarket have improved since her comments. Over the past 24 hours, the Democratic candidate’s odds rose 1% on Polymarket.

This added to the gain in the past month, pushing the total increase in the last 30 days to 5%. Meanwhile, Trump’s odds remained the same throughout the past day.

Overall, bettors on Polymarket see a 52% chance of Harris taking the White House in November, while Trump’s odds stand at 47%.