As the 2024 U.S. presidential race heats up, candidates are looking for that game-changing move – the one that could tip the scales in their favor. Kamala Harris, United States presidential candidate and current Vice President revealed a new policy proposal wooing Black men.
This nine-page policy proposal, published on his website, aimed at boosting career opportunities, offering forgivable small business loans, legalizing recreational marijuana, and promising regulatory protections for crypto holders, with over 20% of Black Americans involved in cryptocurrency.
This move comes after Harris and other Democrats, including former President Obama, expressed concern about whether Black men will vote in large numbers on November 5th and whether they will support Harris or her opponent, Donald Trump.
According to a survey conducted by The New York Times and Siena College, 78% of Black voters plan to vote for Kamala Harris. This is lower than the 90% who voted for Joe Biden in 2020 and the 92% who voted for Hillary Clinton in 2016.
Only 70% of Black men plan to vote for Harris, while 20% plan to vote for Donald Trump. 83% of Black women support Harris, and 12% support Trump. The data shows the whole story of why Harris brought this new policy: to appeal to and gain support from Black men.
Harris’s Race Card and the Cryptocurrency Play
Kamala Harris’s new set of economic proposals seems crafted to win back slipping support from Black men, and central to this is her focus on crypto. After months of dodging the subject of crypto Harrish embraced crypto in his new policy proposal and do you know why?
According to the Moneymize data, approximately 21% of Black adults have used crypto, compared to 14% of White adults in the United States. The data clearly shows that black consumers are more likely to use cryptocurrency than white consumers. Moreover, the data also shows that 24% of Asian adults and 21% of Hispanic adults use crypto which is also higher than white adults.
Now you might be thinking, “Why are Black Americans so into crypto?” Well, it’s not just about the potential for sick gains. For many in the Black community, cryptocurrency represents something more – they view cryptocurrency as a potential tool for economic empowerment.
Harris has clearly recognized this and is seizing the moment. By positioning herself as an advocate for Black crypto users, she’s appealing to an emerging class of investors who believe in crypto’s wealth-building potential.
Expectation vs Reality: Social Media Backlash on Harris Policy
Harris got the opposite response to what she expected over his opportunity agenda and many people call this a desperate move.
One user name Jordan Golsan wrote on the X platform – “This is the most racist sh*t I’ve ever seen. Imagine if this was a Donald Trump proposal. Harris’s plan to attract the black male vote: Small biz loans, apprenticeships, loan forgiveness, more black male teachers, legal weed.”
A YouTuber named as Black Authority wrote to his 131K X followers –
“Please do NOT fall for Kamala Harris’s desperate last-minute con job of offering a “million Black men” $20k 😒 for “entrepreneurship.”
One more user named Elodie Ivala wrote – “In other words, Harris thinks black men are a bunch of poor, unhealthy, uneducated, directionless potheads that can’t manage their own money. This is insanely racist. Bribing voters based on race”
Not only social media, the betting activity on Polymarket suggests that former President Donald Trump has an unprecedent surge (17.5%) against Kamala Harris in the 2024 election race, which is also supported by social media.
Conclusion
As the US Presidential Elections 2024 is coming closer, candidates are making their moves to gather more and more support from the crypto voters in the U.S. Trump has teamed up with Elon Musk to appeal to tech voters, while Harris has introduced a new policy aimed at black voters.
The election is now mainly focused on the fight between Vice President and Democratic nominee Kamala Harris and former President and Republican nominee Donald Trump. However, it looks like this battle is now shifting in the favour of Trump as Harris is losing support in recent times.
But it would be too early to say anything right now because anything can happen in crypto and politics at any time.
Also Read: Why 50 million Crypto Voters matter in US elections?
