Vice President Kamala Harris has announced a pro-crypto plan to support black male voters as part of her campaign.
In the proposal called “Kamala Harris Will Deliver for Black Men,” she promises to “make sure owners of and investors in digital assets benefit from a regulatory framework so that Black men and others who participate in this market are protected.”
According to the Harris team’s plan, over 20% of Black Americans have owned or currently own cryptocurrency. “Vice President Harris appreciates the ways in which new technologies can broaden access to banking and financial services,” the campaign team said in the plan.
Along with her crypto agenda, she plans to give one million fully forgivable loans up to $20,000 for Black entrepreneurs to start a health initiative focusing on Black men and legalize recreational marijuana.
Although this is not Harris’ first comment on crypto, it is her strongest stance on the crypto industry so far. She barely mentions the topic.
In her previous comments, Harris has expressed her administration’s commitment to promoting innovative technologies like artificial intelligence and blockchain while ensuring consumer protection.
However, some advocates, like Cleve Mesidor, the founder of the National Policy Network WOC Blockchain, have criticized her approach. He said, “It is perplexing that the Harris-Walz policy team opted not to meet with diverse leaders in crypto.”
Mesidor noted that focusing on Black men alone may limit the broader discussion about inclusion in the crypto space.
However, as the presidential election nears, this proposal may help her regain support from Black male voters, especially as she faces competition from former President Donald Trump, who has also been vocal about his plans for crypto and launched a new crypto project called World Liberty Financial.
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