Vice President Harris reveals her stance toward AI and digital assets at a New York fundraiser
Harris wants to help boost investment in AI and crypto
Jake Chervinsky, chief legal officer at Variant, said Harris’s remarks showed “progress”
US Vice President and Democratic presidential nominee Kamala Harris has spoken about crypto during a New York fundraiser on Sunday.
In comments made during her US presidential campaign Harris promised that, if elected, she would help grow investment in artificial intelligence and crypto, Bloomberg reported.
“I will bring together labor, small business founders and innovators and major companies,” Harris said. “We will partner together to invest in America’s competitiveness, to invest in America’s future.”
“We will encourage innovative technologies like AI and digital assets, while protecting our consumers and investors.”
Harris’s comments come as presidential rival Donald Trump has become increasingly vocal in supporting the crypto industry.
Earlier this month, Trump – who said he wants to make America the “crypto capital of the planet” – became the first US president to use the Bitcoin network after sending a Bitcoin transaction at PubKey, a crypto-themed bar in New York ahead of his campaign rally in Long Island.
Poor support
Since President Joe Biden announced he was stepping down from his role as POTUS, the crypto industry has been questioning the approach Harris will take. Many have viewed Biden as being unfriendly to the space.
In June, Biden vetoed a bill overturning the US Securities and Exchange Commission’s (SEC) crypto accounting standards. In a White House statement, Biden argued that a reversal of the decision could undermine broader regulatory efforts aimed at protecting consumers and investors.
Following Harris’s crypto-positive remarks, Jake Chervinsky, chief legal officer at Variant, a crypto venture company, said on X, “This is progress and progress is good.”
This is progress and progress is good…
…but “while protecting our consumers and investors” could mean a lot of things.
The anti-crypto army uses “consumer protection” as a smoke screen to conceal their attempts to destroy our industry.
I, for one, want to see policy details. https://t.co/Zc1aUdOYzl
— Jake Chervinsky (@jchervinsky) September 22, 2024
However, he added that “but ‘while protecting our consumers and investors’ could mean a lot of things. The anti-crypto army uses ‘consumer protection’ as a smoke screen to conceal their attempts to destroy our industry.”
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