US Vice President Kamala Harris has pledged to support crypto regulation and digital assets in her new economic proposal, as several new media outlets reported on Monday. The bid comes after pro-crypto Republican candidate Donald Trump took the lead in the polls against the Democratic candidate.
Harris promises to legalize weed and support crypto
As the November election approaches, US Vice President and Democratic candidate Kamala Harris unveiled a new proposal tailored to Black men, offering an outlet for economic security, in a purported effort to make the group a “more central part of her campaign.” ‘ to make.
If reported from Bloomberg, the new policy proposals include a pledge to work with Congress to legalize recreational marijuana and ensure black men can start businesses and work in the growing cannabis industry.
In addition, Harris pledged to provide 1 million loans, fully forgivable up to $20,000, to Black entrepreneurs who struggled to access financing when starting a business. The Democratic candidate also proposed expanding apprenticeships and employment if elected president.
Under her to suggestthe US vice president promised to increase black Americans’ access to the crypto industry. According to the report, Harris pledged to “support a regulatory framework for cryptocurrencies,” adding that her administration would “give greater investment certainty to the 20% of Black Americans who own – or have owned – digital assets.”
The new economic proposal comes days after some of Harris’ allies, including former US President Barack Obama, expressed concerns about Trump’s efforts to win over black voters.
According to the report, Harris’ popularity among the group is better than President Biden’s before he dropped out of the race. However, the margins remain tight, which could affect the Democratic candidate’s chances of winning.
Trump is taking the lead again
According to several polls and prediction markets, pro-crypto Republican candidate Donald Trump has recently taken the lead against Harris. The American vice president saw her winning chances increase by about 4% after the presidential debate between the two candidates on September 11, despite no mention of digital assets.
Republican candidate Donald Trump leads the 2024 Election Forecast. Source: Polymarket
Harris continued to lead Polymarket’s prediction market for nearly a month as her campaign began to acknowledge the crypto industry. Several industry figures have publicly expressed support for the Democratic candidate, noting that her victory could be “not as bearish” for the sector as some investors think.
Recently, Ripple’s co-founder confirmed his support for the US Vice President with a significant donation. If reported by Bitcoinist Chris Larsen sent $1 million in XRP to the Political Action Committee (PAC) Future Forward USA, which is committed to supporting Harris’ candidacy.
Larsen’s contribution became the first documented crypto donation to the Democratic nominee’s campaign, despite him starting accepting them more than a month ago. Nevertheless, Trump’s chances of winning have increased significantly over the past week, up about 10% since October 4.
At the time of writing, the Republican candidate’s chance of winning is 53.8%, while Harris’s is 45.5%.
Bitcoin (BTC) is trading at $64,879 in the weekly chart. Source: BTCUSDT on TradingView
Featured image from Unsplash.com, chart from TradingView.com