Kamala Harris’s policy advisor announced that the presidential candidate will support measures to help the cryptocurrency industry grow.
“She’s going to support policies that ensure that emerging technologies and that sort of industry can continue to grow,” said Brian Nelson, the campaign’s senior adviser for policy, when asked about Harris’ attempts to engage with the crypto community.
According to Bloomberg, Nelson went on to talk about his meetings with industry representatives. Nelson said, “They’ve expressed that one of the things that they need are stable rules, rules of the road,” and pointed to Harris’ speech last week, which laid out the principles of economic policy.
In that speech, Harris promised to focus on reducing unnecessary bureaucracy and unnecessary bureaucratic regulations while not specifically mentioning cryptocurrencies, and to promote innovative technologies while protecting consumers.
Harris’s opponent Donald Trump, on the other hand, fully embraced cryptocurrencies. Trump said that when he takes office, he will loosen crypto regulations, fire SEC chairman Gary Gensler and make the US a ‘Bitcoin superpower’.
On the other hand, crypto companies have created a $250 million fund to support pro-crypto policy makers. So far, $119 million has been spent. Crypto companies’ spending is reported to rank second among election spending.