Vice President Kamala Harris signals support for digital currencies if elected, amid backlash from the crypto community over her policies on price controls and capital gains taxes.
Bollywood Fever: On Wednesday, August 21, 2024, Bloomberg reported that Vice President Kamala Harris plans to support policies that favor the growth of digital currencies.
Brian Nelson, a senior advisor for the Harris campaign, revealed in an interview that if Harris wins the presidency in November, she will “support policies that ensure that emerging technologies and that sort of industry can continue to grow.”
This announcement comes at a time when many in the digital currency community have expressed disappointment with what they describe as Harris’s ‘crypto reset,’ viewing it as a failure.
Democrats have notably excluded cryptocurrency from their platform, and Harris’s endorsement of price controls and higher capital gains taxes has been met with disfavor within the crypto community.
Despite this, Harris’s potential support for digital currencies signals a willingness to engage with emerging technologies, which could shape the future of the industry under her administration.
However, it remains to be seen how these policies will align with the broader goals of the crypto community.
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