Kamala Harris Embraces Cryptocurrency in Campaign

Vice President Kamala Harris is positioning herself as a pro-crypto leader as she campaigns for the presidency, emphasizing the importance of blockchain and emerging technologies during recent speeches. This shift marks a departure from President Biden's stricter stance on cryptocurrency, with Harris aiming to reassure investors concerned about regulatory crackdowns. Her outreach to the crypto industry, including engagements with key stakeholders and donors, is seen as a strategic move to sway the significant voting bloc of over 50 million crypto owners ahead of the upcoming election. However, her embrace of cryptocurrency has raised alarms among progressive Democrats, who worry about the industry's potential for fraud and lack of regulatory oversight. Critics within the crypto industry remain skeptical about the sincerity of her support, recalling the Biden administration's previous commitments that have yet to materialize. Meanwhile, GOP nominee Donald Trump has also courted crypto investors, promising to reverse perceived hostilities towards the sector.